Casey’s General Shops, Inc. (NASDAQ:CASY) – Equities researchers at Jefferies Monetary Group issued their Q1 2023 earnings estimates for Casey’s General Shops in a analysis report issued on Friday, November 20th. Jefferies Monetary Group analyst M. Fishbein expects that the corporate will put up earnings of $3.25 per share for the quarter. Jefferies Monetary Group has a “Purchase” ranking and a $246.00 price goal on the stock. Jefferies Monetary Group additionally issued estimates for Casey’s General Shops’ Q2 2023 earnings at $2.90 EPS.
A variety of different analysis analysts additionally lately weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Casey’s General Shops from a “impartial” ranking to an “underweight” ranking and raised their price goal for the corporate from $168.00 to $171.00 in a report on Monday, September 14th. They famous that the transfer was a valuation name. Sidoti raised their goal price on Casey’s General Shops from $220.00 to $225.00 and gave the corporate a “purchase” ranking in a report on Thursday, October 15th. Stephens upgraded Casey’s General Shops from an “equal weight” ranking to an “chubby” ranking and upped their price goal for the stock from $172.00 to $210.00 in a analysis observe on Thursday, September 10th. Royal Bank of Canada raised their price goal on Casey’s General Shops from $180.00 to $202.00 and gave the corporate a “sector carry out” ranking in a analysis observe on Tuesday, November 10th. They famous that the transfer was a valuation name. Lastly, Zacks Funding Analysis reduce Casey’s General Shops from a “strong-buy” ranking to a “maintain” ranking and set a $185.00 goal price for the corporate. in a analysis report on Wednesday, November 4th. One analyst has rated the stock with a promote ranking, 5 have given a maintain ranking and 6 have assigned a purchase ranking to the corporate. The corporate at present has a median ranking of “Maintain” and a median goal price of $199.20.
NASDAQ CASY opened at $179.00 on Monday. The corporate has a fast ratio of 0.60, a present ratio of 1.05 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $6.61 billion, a PE ratio of 22.29 and a beta of 0.89. Casey’s General Shops has a 12-month low of $114.01 and a 12-month excessive of $196.57. The corporate has a 50 day shifting common price of $181.85 and a two-hundred day shifting common price of $167.57. Casey’s General Shops (NASDAQ:CASY) final introduced its quarterly earnings outcomes on Tuesday, September eighth. The corporate reported $3.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $1.18. Casey’s General Shops had a return on fairness of 18.25% and a web margin of three.45%. The enterprise had income of $2.11 billion throughout the quarter, in comparison with analyst estimates of $2.12 billion. Throughout the identical interval within the earlier yr, the corporate earned $2.31 EPS. The agency’s income was down 19.9% on a year-over-year foundation.
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Monday, November 16th. Stockholders of document on Monday, November 2nd have been paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.28 annualized dividend and a dividend yield of 0.72%. Casey’s General Shops’s payout ratio is 18.03%.
Massive buyers have lately added to or diminished their stakes within the stock. CI Investments Inc. acquired a brand new stake in Casey’s General Shops within the third quarter worth $41,000. BNC Wealth Administration LLC acquired a brand new stake in Casey’s General Shops throughout the third quarter worth about $80,000. Nelson Van Denburg & Campbell Wealth Administration Group LLC grew its place in Casey’s General Shops by 41.7% throughout the third quarter. Nelson Van Denburg & Campbell Wealth Administration Group LLC now owns 510 shares of the corporate’s stock worth $90,00Zero after shopping for an extra 150 shares within the final quarter. Personal Advisor Group LLC purchased a brand new place in Casey’s General Shops throughout the second quarter valued at about $149,000. Lastly, Level72 Hong Kong Ltd acquired a brand new place in Casey’s General Shops within the 2nd quarter valued at roughly $171,000. Hedge funds and different institutional buyers personal 83.47% of the corporate’s stock.
Casey’s General Shops Firm Profile
Casey’s General Shops, Inc, along with its subsidiaries, operates comfort shops below the Casey’s and Casey’s General Retailer names. The corporate’s shops supply a choice of meals, together with freshly ready meals, reminiscent of pizza, donuts, and sandwiches; drinks, tobacco, and nicotine merchandise; well being and wonder aids; automotive merchandise; and different nonfood objects.
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