Casey's General Stores (CASY) Stock Price, News & Analysis

Company Overview

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards. In addition, its stores offer motor fuel for sale on a self-service basis; and gasoline and diesel fuel, as well as car wash services. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

Key Stats

• Today's Range: $410.28 to $418.82
• 50-Day Range: $365.23 to $417.06
• 52-Week Range: $266.56 to $420.27
• Volume: 110,434 shs
• Average Volume: 266,887 shs
• Market Capitalization: $15.45 billion
• P/E Ratio: 30.28
• Dividend Yield: 0.48%
• Price Target: $408.25
• Consensus Rating: Moderate Buy

Casey's General Stores Stock Analysis - MarketRank™

Casey's General Stores scored higher than 93% of companies evaluated by MarketBeat, and ranked 31st out of 214 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Casey's General Stores has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Casey's General Stores has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.06%

Earnings Growth

Earnings for Casey's General Stores are expected to grow by 9.06% in the coming year, from $14.24 to $15.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Casey's General Stores is 30.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.76.

Price to Earnings Ratio vs. Sector

The P/E ratio of Casey's General Stores is 30.28, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 118.67.

Price to Book Value per Share Ratio

Casey's General Stores has a P/B Ratio of 5.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.41% of the float of Casey's General Stores has been sold short.

Short Interest Ratio / Days to Cover

Casey's General Stores has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Casey's General Stores has recently increased by 17.89%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Casey's General Stores has a dividend yield of 0.49%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Casey's General Stores has been increasing its dividend for 24 years.

Dividend Coverage

The dividend payout ratio of Casey's General Stores is 14.56%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Casey's General Stores will have a dividend payout ratio of 12.88% next year. This indicates that Casey's General Stores will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.6 / 5
• Environmental Score: -2.70

Percentage of Shares Shorted

2.41% of the float of Casey's General Stores has been sold short.

Short Interest Ratio / Days to Cover

Casey's General Stores has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Casey's General Stores has recently increased by 17.89%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.45

News Sentiment

Casey's General Stores has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Casey's General Stores this week, compared to 9 articles on an average week.

Search Interest

Only 4 people have searched for CASY on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

11 people have added Casey's General Stores to their MarketBeat watchlist in the last 30 days. This is an increase of 83% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Casey's General Stores insiders have sold 6,069.86% more of their company's stock than they have bought. Specifically, they have bought $100,440.00 in company stock and sold $6,197,010.00 in company stock.

Percentage Held by Insiders

Only 0.56% of the stock of Casey's General Stores is held by insiders.

Percentage Held by Institutions

85.63% of the stock of Casey's General Stores is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CASY Stock Analysis - Frequently Asked Questions

How have CASY shares performed this year?

Casey's General Stores' stock was trading at $274.74 on January 1st, 2024. Since then, CASY shares have increased by 51.5% and is now trading at $416.1072.
View the best growth stocks for 2024 here.

How were Casey's General Stores' earnings last quarter?

Casey's General Stores, Inc. (NASDAQ:CASY) issued its earnings results on Wednesday, September, 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey's General Stores's revenue for the quarter was up 5.9% compared to the same quarter last year.

Does Casey's General Stores have any subsidiaries?

Casey's General Stores subsidiaries include Buchanan Energy, Casey’s Marketing Company, Casey’s Retail Company, Casey’s Services Company, CGS Stores LLC, and Heartland Property Company LLC.

Who are Casey's General Stores' major shareholders?

Casey's General Stores' top institutional investors include State Street Corp (3.50%), FMR LLC (2.82%), Janus Henderson Group PLC (1.82%) and Geode Capital Management LLC (1.77%). Insiders that own company stock include Darren M Rebelez, Thomas P Brennan Jr and Mike Spanos.
View institutional ownership trends.

How do I buy shares of Casey's General Stores?

Shares of CASY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Casey's General Stores own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Casey's General Stores investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 9/04/2024
• Ex-Dividend for 11/15 Dividend: 11/01/2024
• Dividend Payable: 11/15/2024
• Today: 11/22/2024
• Next Earnings (Estimated): 12/09/2024
• Fiscal Year End: 4/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Automotive dealers & gasoline service stations
• Sub-Industry: Food Retail
• Current Symbol: NASDAQ:CASY
• CUSIP: 14752810
• CIK: 726958
• Web: www.caseys.com
• Phone: (515) 965-6100
• Fax: 515-965-6160
• Employees: 45,359
• Year Founded: 1959

Price Target and Rating

• Average Stock Price Target: $408.25
• High Stock Price Target: $454.00
• Low Stock Price Target: $337.00
• Potential Upside/Downside: -1.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.58
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.74
• Trailing P/E Ratio: 30.28
• Forward P/E Ratio: 29.22
• P/E Growth: N/A
• Net Income: $501.97 million
• Net Margins: 3.40%
• Pretax Margin: 4.45%
• Return on Equity: 17.07%
• Return on Assets: 8.12%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 0.84
• Quick Ratio: 0.44

Sales & Book Value

• Annual Sales: $14.86 billion
• Price / Sales: 1.04
• Cash Flow: $23.29 per share
• Price / Cash Flow: 17.87
• Book Value: $81.46 per share
• Price / Book: 5.11

Miscellaneous

• Outstanding Shares: 37,120,000
• Free Float: 36,908,000
• Market Cap: $15.45 billion
• Optionable: Optionable
• Beta: 0.79