Shares of Casey’s General Stores Inc (NASDAQ:CASY) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $132.40.

A number of research firms have recently weighed in on CASY. Royal Bank of Canada set a $133.00 price objective on Casey’s General Stores and gave the company a “hold” rating in a research report on Wednesday, December 12th. BidaskClub raised Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 18th. Zacks Investment Research raised Casey’s General Stores from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a report on Tuesday, October 23rd. Wells Fargo & Co boosted their price target on Casey’s General Stores from $120.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, December 12th. Finally, Stephens reissued a “buy” rating and issued a $143.00 price target on shares of Casey’s General Stores in a report on Wednesday, December 12th.

Shares of CASY stock traded up $0.74 during trading hours on Friday, reaching $131.04. 161,306 shares of the company traded hands, compared to its average volume of 297,783. Casey’s General Stores has a 12-month low of $90.42 and a 12-month high of $137.08. The company has a quick ratio of 0.26, a current ratio of 0.81 and a debt-to-equity ratio of 0.95. The stock has a market cap of $4.74 billion, a P/E ratio of 34.39, a PEG ratio of 2.96 and a beta of 0.49.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 10th. The company reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.19. Casey’s General Stores had a return on equity of 13.24% and a net margin of 3.77%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities research analysts expect that Casey’s General Stores will post 4.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, January 31st. This represents a $1.16 annualized dividend and a dividend yield of 0.89%. Casey’s General Stores’s dividend payout ratio (DPR) is 30.45%.

In other news, insider Terry W. Handley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $131.80, for a total transaction of $395,400.00. Following the sale, the insider now directly owns 34,945 shares of the company’s stock, valued at approximately $4,605,751. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William J. Walljasper sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $128.44, for a total value of $552,292.00. Following the sale, the vice president now directly owns 26,165 shares in the company, valued at $3,360,632.60. The disclosure for this sale can be found here. Insiders have sold a total of 14,300 shares of company stock worth $1,893,042 over the last ninety days. Insiders own 0.72% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of Casey’s General Stores by 4.5% during the 4th quarter. State of Alaska Department of Revenue now owns 6,371 shares of the company’s stock worth $816,000 after acquiring an additional 273 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Casey’s General Stores during the 3rd quarter worth approximately $8,367,000. Clearbridge Investments LLC raised its holdings in shares of Casey’s General Stores by 2.3% during the 3rd quarter. Clearbridge Investments LLC now owns 1,392,478 shares of the company’s stock worth $179,783,000 after acquiring an additional 31,899 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Casey’s General Stores by 2.4% during the 3rd quarter. Legal & General Group Plc now owns 57,719 shares of the company’s stock worth $7,452,000 after acquiring an additional 1,348 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Casey’s General Stores during the 3rd quarter worth approximately $545,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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