Casey’s General Stores (NASDAQ:CASY) Issues Quarterly Earnings Results

Casey’s General Stores (NASDAQ:CASY) released its quarterly earnings data on Tuesday. The company reported $4.37 EPS for the quarter, beating the consensus estimate of $3.31 by $1.06, Zacks reports. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted $2.63 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year.

Casey’s General Stores Trading Up 1.3%

NASDAQ:CASY opened at $761.18 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores has a one year low of $481.30 and a one year high of $901.00. The business’s 50-day simple moving average is $790.09 and its 200 day simple moving average is $679.24. The stock has a market cap of $28.13 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research reports. UBS Group raised their price objective on Casey’s General Stores from $706.00 to $805.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. William Blair initiated coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating on the stock. Jefferies Financial Group raised their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $761.36.

Casey’s General Stores News Roundup

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Casey’s reported fourth-quarter EPS of $4.37, well above the $3.31-$3.36 consensus, while revenue of $4.57 billion also topped estimates. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Results showed strong year-over-year growth, with EPS up 66.2% and net income up 65.5%, helped by robust inside-store sales, especially whole pizzas, appetizers, sides, and nonalcoholic beverages. Casey’s General Stores Results Helped by Pizza Sales
• Positive Sentiment: Media coverage and trader attention intensified after the earnings beat, with multiple reports noting the stock was trending and rising in after-hours trading. Casey’s General Stores (CASY) Stock Is Trending: Here’s What You Should Know
• Positive Sentiment: Jim Cramer highlighted that Casey’s “dominates small town America,” which may be adding to positive sentiment around the company’s brand strength and market position. Jim Cramer Says “Casey’s Dominates Small Town America”
• Neutral Sentiment: Several pre-earnings articles focused on expectations and stock watchlists, but these were mostly framing pieces rather than new fundamental developments. Core & Main, Casey’s General Stores And 3 Stocks To Watch Heading Into Wednesday
• Neutral Sentiment: Casey’s also announced a board addition, naming Stanley J. Sutula III, a finance leader, to its board of directors. Casey’s Announces Addition of Finance Leader Stanley J. Sutula III to its Board of Directors

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the purchase, the director owned 4,499 shares in the company, valued at $2,993,769.57. The trade was a 7.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Menard Financial Group LLC lifted its stake in shares of Casey’s General Stores by 1.2% in the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after acquiring an additional 15 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Casey’s General Stores by 4.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 444 shares of the company’s stock worth $245,000 after acquiring an additional 18 shares in the last quarter. Regal Investment Advisors LLC lifted its stake in shares of Casey’s General Stores by 1.1% in the fourth quarter. Regal Investment Advisors LLC now owns 1,594 shares of the company’s stock worth $881,000 after acquiring an additional 18 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Casey’s General Stores by 9.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after acquiring an additional 19 shares in the last quarter. Finally, Scotia Capital Inc. lifted its stake in shares of Casey’s General Stores by 2.9% in the third quarter. Scotia Capital Inc. now owns 720 shares of the company’s stock worth $407,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.