Raymond James Financial downgraded shares of Caseys General Stores (NASDAQ:CASY) from an outperform rating to a mkt perform rating in a report released on Tuesday, Marketbeat reports.

Other equities analysts have also recently issued reports about the stock. Jefferies Group reaffirmed a buy rating and set a $134.00 price target (down from $139.00) on shares of Caseys General Stores in a research note on Thursday, August 31st. Royal Bank of Canada set a $116.00 price target on shares of Caseys General Stores and gave the stock a hold rating in a research note on Monday, August 28th. Zacks Investment Research raised shares of Caseys General Stores from a sell rating to a hold rating in a research note on Monday, August 14th. Finally, BidaskClub cut shares of Caseys General Stores from a hold rating to a sell rating in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Caseys General Stores currently has a consensus rating of Hold and a consensus target price of $115.29.

Shares of Caseys General Stores (NASDAQ:CASY) traded up $1.44 on Tuesday, reaching $106.23. 949,184 shares of the company’s stock traded hands, compared to its average volume of 609,486. The company has a quick ratio of 0.48, a current ratio of 1.23 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3,934.58, a PE ratio of 25.68, a P/E/G ratio of 2.30 and a beta of 0.46. Caseys General Stores has a 12 month low of $99.76 and a 12 month high of $126.49.

Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 11th. The company reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.12). Caseys General Stores had a return on equity of 13.42% and a net margin of 2.02%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts anticipate that Caseys General Stores will post 4.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. Caseys General Stores’s dividend payout ratio is presently 25.49%.

In related news, SVP Brian Joseph Johnson sold 1,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the sale, the senior vice president now directly owns 8,229 shares in the company, valued at approximately $888,814.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Caseys General Stores by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,489,016 shares of the company’s stock worth $373,709,000 after buying an additional 48,059 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Caseys General Stores by 20.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,825,662 shares of the company’s stock worth $199,819,000 after buying an additional 309,263 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in shares of Caseys General Stores by 9.2% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock worth $166,379,000 after buying an additional 131,245 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Caseys General Stores by 5.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,331,457 shares of the company’s stock worth $145,728,000 after buying an additional 63,323 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Caseys General Stores by 0.7% in the 2nd quarter. State Street Corp now owns 1,088,458 shares of the company’s stock worth $116,577,000 after buying an additional 7,264 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

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Caseys 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.

Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

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