Several other research firms also recently issued reports on CASY. Zacks Investment Research downgraded Casey's General Stores from a hold rating to a sell rating in a report on Tuesday, November 7th. Raymond James Financial restated a market perform rating on shares of Casey's General Stores in a report on Wednesday, December 6th. Barclays restated a hold rating on shares of Casey's General Stores in a report on Friday, December 15th. Finally, Royal Bank of Canada restated a hold rating on shares of Casey's General Stores in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $116.00.
Casey's General Stores (CASY) traded up $2.49 during mid-day trading on Wednesday, reaching $122.70. The company’s stock had a trading volume of 646,320 shares, compared to its average volume of 930,033. The company has a quick ratio of 0.72, a current ratio of 1.23 and a debt-to-equity ratio of 1.13. Casey's General Stores has a 52 week low of $99.76 and a 52 week high of $125.35. The stock has a market cap of $4,610.00, a P/E ratio of 30.07, a PEG ratio of 2.09 and a beta of 0.46.
Casey's General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.12). Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Casey's General Stores’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities research analysts anticipate that Casey's General Stores will post 4.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.26 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.85%. Casey's General Stores’s dividend payout ratio (DPR) is 25.49%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Clear Perspective Advisors LLC increased its holdings in shares of Casey's General Stores by 8.9% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock valued at $131,000 after acquiring an additional 100 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Casey's General Stores in the 3rd quarter valued at approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Casey's General Stores by 46.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock valued at $191,000 after acquiring an additional 566 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Casey's General Stores in the 3rd quarter valued at approximately $264,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of Casey's General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.
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About Casey's 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.
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