StockNews.com downgraded shares of Casey's General Stores (NASDAQ:CASY - Free Report) from a buy rating to a hold rating in a research report released on Thursday.
Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets restated a "market perform" rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their target price on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a report on Tuesday, December 10th. Finally, Evercore ISI increased their price target on Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $424.00.
Check Out Our Latest Analysis on CASY
Casey's General Stores Trading Down 1.5 %
CASY traded down $6.21 during mid-day trading on Thursday, reaching $408.00. The stock had a trading volume of 250,952 shares, compared to its average volume of 271,941. The stock has a market capitalization of $15.14 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.40 and a beta of 0.83. Casey's General Stores has a 52 week low of $290.00 and a 52 week high of $445.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm's fifty day simple moving average is $410.37 and its two-hundred day simple moving average is $398.61.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.24 EPS. On average, equities analysts predict that Casey's General Stores will post 13.94 EPS for the current year.
Casey's General Stores Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey's General Stores's payout ratio is presently 13.94%.
Insider Activity
In related news, Director Mike Spanos acquired 500 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. HighPoint Advisor Group LLC increased its stake in Casey's General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after acquiring an additional 25 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Casey's General Stores by 1.3% in the third quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock worth $778,000 after acquiring an additional 27 shares during the period. Dark Forest Capital Management LP boosted its stake in shares of Casey's General Stores by 3.2% in the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock valued at $357,000 after purchasing an additional 28 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Finally, Verus Capital Partners LLC grew its stake in Casey's General Stores by 3.1% during the third quarter. Verus Capital Partners LLC now owns 991 shares of the company's stock worth $372,000 after purchasing an additional 30 shares during the period. 85.63% of the stock is owned by institutional investors.
Casey's General Stores Company Profile
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Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.
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