Zacks Investment Research upgraded shares of Caseys General Stores, Inc. (NASDAQ:CASY) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “Casey’s General Stores, Inc. operate convenience stores under the name Casey’s General Store in Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a broad selection of food (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other non-food items. In addition, all stores offer gasoline for sale on a self-service basis. “

Several other equities research analysts have also recently commented on CASY. BidaskClub raised Caseys General Stores from a sell rating to a hold rating in a research report on Saturday, August 5th. Royal Bank Of Canada set a $118.00 price objective on Caseys General Stores and gave the company a hold rating in a research report on Sunday, August 13th. Finally, Jefferies Group LLC set a $139.00 price objective on Caseys General Stores and gave the company a buy rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Caseys General Stores presently has a consensus rating of Hold and a consensus price target of $115.29.

Caseys General Stores (CASY) traded up $1.62 during midday trading on Monday, hitting $115.44. The stock had a trading volume of 415,600 shares, compared to its average volume of 494,917. Caseys General Stores has a 52-week low of $99.76 and a 52-week high of $126.49. The stock has a market capitalization of $4,374.84, a PE ratio of 27.23, a P/E/G ratio of 2.47 and a beta of 0.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.48 and a current ratio of 0.99.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the firm posted $1.70 earnings per share. Caseys General Stores’s revenue was up 6.3% compared to the same quarter last year. equities research analysts expect that Caseys General Stores will post 4.31 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio (DPR) is currently 24.53%.

In other news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the transaction, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CASY. Dimensional Fund Advisors LP raised its stake in shares of Caseys General Stores by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 412,030 shares of the company’s stock worth $46,248,000 after buying an additional 4,217 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Caseys General Stores by 2.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 122,684 shares of the company’s stock worth $13,772,000 after purchasing an additional 2,539 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Caseys General Stores by 15.3% during the first quarter. HighTower Advisors LLC now owns 2,665 shares of the company’s stock worth $299,000 after purchasing an additional 353 shares in the last quarter. Bank of Montreal Can grew its position in shares of Caseys General Stores by 0.3% during the second quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock worth $564,000 after purchasing an additional 18 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Caseys General Stores by 6.3% during the second quarter. State of Alaska Department of Revenue now owns 2,562 shares of the company’s stock worth $274,000 after purchasing an additional 151 shares in the last quarter. 98.58% of the stock is currently owned by hedge funds and other institutional investors.

About Caseys General Stores

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

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