Casey’s General Stores Inc (NASDAQ:CASY) – Equities research analysts at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for Casey’s General Stores in a report issued on Tuesday, June 11th, Zacks Investment Research reports. Jefferies Financial Group analyst C. Mandeville expects that the company will post earnings per share of $2.04 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $167.00 target price on the stock. Jefferies Financial Group also issued estimates for Casey’s General Stores’ Q2 2021 earnings at $2.41 EPS.
Other equities research analysts also recently issued reports about the company. Barclays lifted their target price on Casey’s General Stores from $123.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 12th. BidaskClub raised Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. lifted their target price on Casey’s General Stores from $140.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, June 14th. BMO Capital Markets lifted their target price on Casey’s General Stores to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 12th. Finally, Stephens lifted their target price on Casey’s General Stores from $143.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Casey’s General Stores currently has an average rating of “Hold” and a consensus price target of $150.30.
Shares of Casey’s General Stores stock traded up $1.41 during trading on Friday, reaching $159.00. The company’s stock had a trading volume of 313,807 shares, compared to its average volume of 423,606. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.23 and a current ratio of 0.69. The stock has a fifty day moving average price of $143.11. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. Casey’s General Stores has a one year low of $105.47 and a one year high of $159.29.
Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, June 10th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.27. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. Casey’s General Stores had a return on equity of 14.95% and a net margin of 2.18%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Casey’s General Stores by 1.2% in the 1st quarter. BlackRock Inc. now owns 3,224,026 shares of the company’s stock worth $415,157,000 after acquiring an additional 36,695 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Casey’s General Stores by 2.0% in the 1st quarter. Clearbridge Investments LLC now owns 1,425,212 shares of the company’s stock worth $183,525,000 after acquiring an additional 28,550 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Casey’s General Stores in the 1st quarter worth approximately $70,795,000. Atlanta Capital Management Co. L L C boosted its holdings in shares of Casey’s General Stores by 0.3% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 497,586 shares of the company’s stock worth $63,761,000 after acquiring an additional 1,501 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Casey’s General Stores by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 489,000 shares of the company’s stock worth $62,660,000 after acquiring an additional 1,250 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.
In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 4,000 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total transaction of $625,920.00. Following the sale, the senior vice president now directly owns 14,817 shares of the company’s stock, valued at $2,318,564.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julia L. Jackowski sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $149.49, for a total value of $2,989,800.00. The disclosure for this sale can be found here. Insiders have sold 35,106 shares of company stock worth $5,292,595 over the last ninety days. Company insiders own 0.72% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.81%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. Casey’s General Stores’s payout ratio is presently 21.05%.
Casey’s General Stores Company Profile
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.