Casey’s General Stores Inc. (CASY) Reaches New 52-Week High at $135.29
Casey’s General Stores Inc. (NASDAQ:CASY) shares reached a new 52-week high during trading on Monday . The stock traded as high as $135.29 and last traded at $133.97, with a volume of 228,447 shares traded. The stock had previously closed at $133.51.
Several research analysts recently commented on the company. Bank of America Corp. assumed coverage on Casey’s General Stores in a research note on Monday. They issued a “buy” rating and a $150.00 price target on the stock. Goldman Sachs Group Inc. upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and upped their price objective for the company from $123.00 to $145.00 in a research note on Wednesday, June 29th. Zacks Investment Research cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. BMO Capital Markets restated a “hold” rating and set a $118.00 price objective (up previously from $115.00) on shares of Casey’s General Stores in a research note on Wednesday, June 8th. Finally, Jefferies Group upped their price objective on Casey’s General Stores to $113.00 in a research note on Wednesday, June 8th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Casey’s General Stores presently has a consensus rating of “Buy” and an average target price of $129.89.
The company has a market capitalization of $5.32 billion and a P/E ratio of 23.72. The company’s 50-day moving average is $126.40 and its 200-day moving average is $116.28.
Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, June 6th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.03. The firm earned $1.58 billion during the quarter. During the same period in the prior year, the company earned $1.05 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts predict that Casey’s General Stores Inc. will post $5.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a $0.24 dividend. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, July 28th.
In related news, Director Jeffrey M. Lamberti sold 4,000 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $119.12, for a total value of $476,480.00. Following the completion of the sale, the director now owns 32,875 shares in the company, valued at $3,916,070. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cindi Webb Summers sold 1,163 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $117.04, for a total transaction of $136,117.52. Following the completion of the sale, the senior vice president now owns 1,771 shares of the company’s stock, valued at approximately $207,277.84. The disclosure for this sale can be found here.
Other large investors recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in Casey’s General Stores by 1.0% in the fourth quarter. Ameritas Investment Partners Inc. now owns 8,885 shares of the company’s stock valued at $1,070,000 after buying an additional 87 shares during the last quarter. Burney Co. boosted its position in shares of Casey’s General Stores by 7.2% in the fourth quarter. Burney Co. now owns 10,310 shares of the company’s stock worth $1,252,000 after buying an additional 695 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Casey’s General Stores during the fourth quarter worth approximately $1,301,000. ProShare Advisors LLC boosted its position in shares of Casey’s General Stores by 27.1% in the fourth quarter. ProShare Advisors LLC now owns 11,197 shares of the company’s stock worth $1,349,000 after buying an additional 2,384 shares in the last quarter. Finally, TD Asset Management Inc. acquired a new position in shares of Casey’s General Stores during the fourth quarter worth approximately $2,481,000.
Casey’s General Stores, Inc and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry 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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