A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Casey's General Stores from a hold rating to a sell rating in a research note on Wednesday, December 6th. Stephens set a $150.00 price objective on Casey's General Stores and gave the stock a buy rating in a research note on Friday, January 12th. Raymond James Financial reissued a market perform rating on shares of Casey's General Stores in a research note on Wednesday, December 6th. Barclays reissued a hold rating on shares of Casey's General Stores in a research note on Friday, December 15th. Finally, Royal Bank of Canada reissued a hold rating on shares of Casey's General Stores in a research note on Friday, December 8th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Casey's General Stores currently has a consensus rating of Hold and an average target price of $123.18.
Casey's General Stores (CASY) opened at $110.80 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.03 and a quick ratio of 0.48. The company has a market capitalization of $4,159.00, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.16 and a beta of 0.58. Casey's General Stores has a one year low of $99.76 and a one year high of $128.51.
Casey's General Stores declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, April 30th. Casey's General Stores’s dividend payout ratio (DPR) is presently 12.12%.
In other news, Director Cara Kay Heiden purchased 4,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $109.77 per share, with a total value of $439,080.00. Following the completion of the purchase, the director now directly owns 5,043 shares of the company’s stock, valued at approximately $553,570.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CASY. Prime Capital Investment Advisors LLC acquired a new position in shares of Casey's General Stores during the fourth quarter valued at $105,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Casey's General Stores during the fourth quarter valued at $133,000. Zions Bancorporation acquired a new position in shares of Casey's General Stores during the third quarter valued at $164,000. Aristotle Atlantic Partners LLC acquired a new position in shares of Casey's General Stores during the fourth quarter valued at $204,000. Finally, Franklin Resources Inc. acquired a new position in shares of Casey's General Stores during the fourth quarter valued at $222,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3257216/caseys-general-stores-casy-rating-reiterated-by-jefferies-group.html.
Casey's General Stores Company Profile
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.
Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.