NASDAQ:CASY

Casey's General Stores - CASY Stock Forecast, Price & News

$221.90

+3.31 (+1.51%)

(As of 08/19/2022 12:00 AM ET)

Add

Compare

Today's Range: $218.59
▼
$222.20
50-Day Range: $181.74
▼
$221.90
52-Week Range: $170.82
▼
$222.20

Volume: 277,782 shs
Average Volume: 277,885 shs
Market Capitalization: $8.27 billion

P/E Ratio: 24.41
Dividend Yield: 0.70%
Price Target: $240.89

Casey's General Stores MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 8.6% Upside
$240.89 Price Target
Short Interest: Healthy
2.48% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.70
Upright™ Environmental Score
News Sentiment: 1.11
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 12.07%
From $8.70 to $9.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Retail/Wholesale Sector

69th out of 219 stocks

Automotive Dealers & Gasoline Service Stations Industry

3rd out of 24 stocks

2.4

Analyst's Opinion

Consensus Rating
Casey's General Stores has received a consensus rating of Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $240.89, Casey's General Stores has a forecasted upside of 8.6% from its current price of $221.90.
Amount of Analyst Coverage
Casey's General Stores has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.48% of the outstanding shares of Casey's General Stores have been sold short.
Short Interest Ratio / Days to Cover
Casey's General Stores has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Casey's General Stores has recently increased by 13.96%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Casey's General Stores has a dividend yield of 0.70%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Casey's General Stores has been increasing its dividend for 24 years.
Dividend Coverage
The dividend payout ratio of Casey's General Stores is 16.72%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Casey's General Stores will have a dividend payout ratio of 15.59% next year. This indicates that Casey's General Stores will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Casey's General Stores has received a -21.79% net impact score from Upright. The largest negative impact of Casey's General Stores in category "GHG emissions" seems to be driven mostly by its "Retail of diesel at a convenience store", "Retail of gasoline at a convenience store", and "Physical retail of seafood at a convenience store" products. See details.
Environmental Sustainability
The Environmental Impact score for Casey's General Stores is -2.70.

3.9

News and Social Media Coverage

News Sentiment
Casey's General Stores has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Casey's General Stores this week, compared to 3 articles on an average week.
Search Interest
4 people have searched for CASY on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
125 people have added Casey's General Stores to their MarketBeat watchlist in the last 30 days. This is an increase of 37% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Casey's General Stores insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.28% of the stock of Casey's General Stores is held by insiders.
Percentage Held by Institutions
84.44% of the stock of Casey's General Stores is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Casey's General Stores are expected to grow by 12.07% in the coming year, from $8.70 to $9.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Casey's General Stores is 24.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 153.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Casey's General Stores is 24.41, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 39.55.
Price to Book Value per Share Ratio
Casey's General Stores has a P/B Ratio of 3.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Casey's General Stores (NASDAQ:CASY) Stock

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items. The company's stores also provide motor fuel for sale on a self-service basis; and gasoline and diesel fuel. In addition, its stores offer various products, include soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, electronic accessories, housewares, and pet supplies; and lotto/lottery and prepaid cards. Further, the company operates two stores that sells tobacco and nicotine products; one liquor store; and one grocery store. As of April 30, 2022, it operated 2,452 convenience stores. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

Analyst Ratings Changes

CASY has been the topic of several recent research reports. Stephens boosted their target price on Casey's General Stores from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday. Wolfe Research initiated coverage on Casey's General Stores in a report on Wednesday. They set an "outperform" rating and a $228.00 target price on the stock. Royal Bank of Canada lowered their target price on Casey's General Stores from $250.00 to $238.00 in a report on Wednesday, June 8th. Wells Fargo & Company started coverage on Casey's General Stores in a report on Wednesday, May 25th. They set an "overweight" rating and a $240.00 target price on the stock. Finally, StockNews.com upgraded Casey's General Stores from a "buy" rating to a "strong-buy" rating in a report on Monday, July 11th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $240.89.

Casey's General Stores Trading Up 2.7 %

CASY opened at $218.59 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.36 and a current ratio of 0.80. The business's 50 day moving average price is $196.85 and its 200 day moving average price is $196.79. Casey's General Stores has a one year low of $170.82 and a one year high of $220.05. The stock has a market capitalization of $8.14 billion, a PE ratio of 24.05 and a beta of 0.82.

Casey's General Stores (NASDAQ:CASY - Get Rating) last released its quarterly earnings results on Tuesday, June 7th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. Casey's General Stores had a return on equity of 15.84% and a net margin of 2.62%. The company had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.45 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm's revenue was up 45.4% compared to the same quarter last year. As a group, equities research analysts expect that Casey's General Stores will post 8.7 EPS for the current year.

Casey's General Stores Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.70%. This is a boost from Casey's General Stores's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, July 29th. Casey's General Stores's dividend payout ratio is 16.72%.

Receive CASY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Casey's General Stores and its competitors with MarketBeat's FREE daily newsletter.

CASY Stock News Headlines

August 20, 2022 | americanbankingnews.com

Casey's General Stores (NASDAQ:CASY) Hits New 1-Year High on Analyst Upgrade

August 16, 2022 | stocknews.com

Is Costco Stock Worth Its Hefty Price Tag?

August 14, 2022 | nasdaq.com

Is Casey's General Stores, Inc.'s (NASDAQ:CASY) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

August 5, 2022 | reuters.com

Caseys General Stores Inc

August 4, 2022 | finance.yahoo.com

Casey's General Stores (NASDAQ:CASY) stock performs better than its underlying earnings growth over last five years

August 3, 2022 | finance.yahoo.com

Month-long Cash for Classrooms Campaign Kicks Off Across Casey’s Communities

July 28, 2022 | seekingalpha.com

Casey's: Fueling The Engine Of Growth

July 27, 2022 | stocknews.com

5 Reliable Stocks to Buy in a Volatile Market

July 27, 2022 | nasdaq.com

A Casey's General Stores, Inc. (NASDAQ:CASY) insider lowered their holding by 14% earlier this year

July 19, 2022 | seekingalpha.com

Benchmark voices bullishness on Casey’s General Stores in ‘Buy’ initiation

July 13, 2022 | stocknews.com

These 3 Stocks Continue to Win, Despite Higher Prices Due to Inflation

July 12, 2022 | finance.yahoo.com

Casey's Stock Climbing On Brisk Sales, Profits; Tops Benchmark

July 6, 2022 | nasdaq.com

Casey's General Stores Breaks Above 200-Day Moving Average - Bullish for CASY

June 27, 2022 | finance.yahoo.com

Casey’s Announces Information Technology Leader Sri Donthi Joins its Board of Directors

June 25, 2022 | finance.yahoo.com

Casey's General Stores, Inc. (NASDAQ:CASY) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

June 14, 2022 | seekingalpha.com

Casey's General Stores And The Case To Wait

June 13, 2022 | finance.yahoo.com

Casey’s to Host Sell-Side Analyst Meeting

June 8, 2022 | nasdaq.com

First Week of July 15th Options Trading For Casey's General Stores

June 8, 2022 | markets.businessinsider.com

RBC Capital Maintains Sector Perform Rating for Casey's General Stores: Here's What You Need To Know

June 7, 2022 | finance.yahoo.com

Casey's Announces Fourth Quarter Results

June 7, 2022 | finance.yahoo.com

Casey's increases dividend, says pizza, breakfast items made for 'strong' sales

June 6, 2022 | finance.yahoo.com

Here's How Casey's (CASY) is Placed Just Ahead of Q4 Earnings

June 6, 2022 | finance.yahoo.com

Things to Note as Campbell Soup (CPB) Readies for Q3 Earnings

June 1, 2022 | finance.yahoo.com

Conn's (CONN) Surpasses Q1 Earnings Estimates

May 31, 2022 | finance.yahoo.com

Casey’s Loyalty Program – Casey’s Rewards – Grows to Over 5 Million Members

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive CASY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Casey's General Stores and its competitors with MarketBeat's FREE daily newsletter.

CASY Company Calendar

Last Earnings: 6/07/2022
Ex-Dividend for 8/15 Dividend: 7/29/2022
Dividend Payable: 8/15/2022
Today: 8/19/2022
Next Earnings (Confirmed): 9/07/2022
Fiscal Year End: 4/30/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Automotive dealers & gasoline service stations
Sub-Industry: Food Retail
Sector: Retail/Wholesale
Current Symbol: NASDAQ:CASY
CUSIP: 14752810
CIK: 726958
Web: www.caseys.com
Phone: (515) 965-6100
Fax: 515-965-6160
Employees: 42,481
Year Founded: 1959

Price Target and Rating

Average Stock Price Forecast: $240.89
High Stock Price Forecast: $255.00
Low Stock Price Forecast: $228.00
Forecasted Upside/Downside: +8.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.89
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $9.09
Trailing P/E Ratio: 24.41
Forward P/E Ratio: 25.51
P/E Growth: N/A
Net Income: $339.79 million
Net Margins: 2.62%
Pretax Margin: 3.40%
Return on Equity: 15.84%
Return on Assets: 6.40%

Debt

Debt-to-Equity Ratio: 0.74
Current Ratio: 0.80
Quick Ratio: 0.36

Sales & Book Value

Annual Sales: $12.95 billion
Price / Sales: 0.64
Cash Flow: $18.14 per share
Price / Cash Flow: 12.23
Book Value: $60.38 per share
Price / Book: 3.68

Miscellaneous

Outstanding Shares: 37,250,000
Free Float: 37,146,000
Market Cap: $8.27 billion
Optionable: Optionable
Beta: 0.82

Social Links

Key Executives

Mr. Darren M. Rebelez (Age 56)
Pres, CEO & Director
Comp: $3.68M

Mr. Stephen P. Bramlage Jr. (Age 52)
Sr. VP & CFO
Comp: $1.74M

Ms. Ena Williams Koschel (Age 53)
Chief Operating Officer
Comp: $2.19M

Mr. Adrian M. Butler (Age 51)
Chief Information Officer
Comp: $1.21M

Mr. Thomas P. Brennan Jr. (Age 46)
Sr. VP & Chief Merchandising Officer
Comp: $1.34M

Mr. Brian Joseph Johnson (Age 46)
Sr. VP of Investor Relations & Bus. Devel.

Ms. Katrina Lindsey (Age 50)
Chief Legal Officer & Corp. Sec.

Leanne Krell
VP, Deputy Gen. Counsel & Chief Compliance Officer

Ms. Megan Elfers
VP of Advter. & Marketing

Mr. Chad Michael Frazell (Age 49)
Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CASY Stock - Frequently Asked Questions

Should I buy or sell Casey's General Stores stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Casey's General Stores in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CASY shares.
View CASY analyst ratings or view top-rated stocks.
What is Casey's General Stores' stock price forecast for 2022?: 9 equities research analysts have issued twelve-month target prices for Casey's General Stores' stock. Their CASY share price forecasts range from $228.00 to $255.00. On average, they expect the company's stock price to reach $240.89 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
View analysts price targets for CASY or view top-rated stocks among Wall Street analysts.
How have CASY shares performed in 2022?: Casey's General Stores' stock was trading at $197.35 at the beginning of 2022. Since then, CASY stock has increased by 12.4% and is now trading at $221.90.
View the best growth stocks for 2022 here.
When is Casey's General Stores' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our CASY earnings forecast.
How can I listen to Casey's General Stores' earnings call?: Casey's General Stores will be holding an earnings conference call on Thursday, September 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Casey's General Stores' earnings last quarter?: Casey's General Stores, Inc. (NASDAQ:CASY) released its quarterly earnings results on Tuesday, June, 7th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.45 billion. Casey's General Stores had a net margin of 2.62% and a trailing twelve-month return on equity of 15.84%. Casey's General Stores's revenue for the quarter was up 45.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS.
How often does Casey's General Stores pay dividends? What is the dividend yield for Casey's General Stores?: Casey's General Stores announced a quarterly dividend on Tuesday, June 7th. Investors of record on Monday, August 1st will be given a dividend of $0.38 per share on Monday, August 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, July 29th. This is an increase from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for CASY.
Is Casey's General Stores a good dividend stock?: Casey's General Stores (NASDAQ:CASY) pays an annual dividend of $1.52 per share and currently has a dividend yield of 0.70%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CASY will have a dividend payout ratio of 15.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CASY.

What is Darren Rebelez's approval rating as Casey's General Stores' CEO?: 312 employees have rated Casey's General Stores Chief Executive Officer Darren Rebelez on Glassdoor.com. Darren Rebelez has an approval rating of 69% among the company's employees. 52.0% of employees surveyed would recommend working at Casey's General Stores to a friend.
What other stocks do shareholders of Casey's General Stores own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Casey's General Stores investors own include Sarepta Therapeutics (SRPT), Walt Disney (DIS), Starbucks (SBUX), NVIDIA (NVDA), Netflix (NFLX), Johnson & Johnson (JNJ), Realty Income (O), QUALCOMM (QCOM), Activision Blizzard (ATVI) and Home Depot (HD).
What is Casey's General Stores' stock symbol?: Casey's General Stores trades on the NASDAQ under the ticker symbol "CASY."
Who are Casey's General Stores' major shareholders?: Casey's General Stores' stock is owned by a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (8.83%), Clearbridge Investments LLC (3.72%), State Street Corp (3.68%), Brown Advisory Inc. (2.13%), National Bank of Canada FI (1.72%) and Thrivent Financial for Lutherans (1.69%). Insiders that own company stock include Allison M Wing, Brian Joseph Johnson, Diane C Bridgewater, Julia L Jackowski, Larree M Renda and William J Walljasper.
View institutional ownership trends.
How do I buy shares of Casey's General Stores?: Shares of CASY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Casey's General Stores' stock price today?: One share of CASY stock can currently be purchased for approximately $221.90.
How much money does Casey's General Stores make?: Casey's General Stores (NASDAQ:CASY) has a market capitalization of $8.27 billion and generates $12.95 billion in revenue each year. The company earns $339.79 million in net income (profit) each year or $9.09 on an earnings per share basis.
How many employees does Casey's General Stores have?: The company employs 42,481 workers across the globe.
Does Casey's General Stores have any subsidiaries?: The following companies are subsidiares of Casey's General Stores: Buchanan Energy, CGS Stores LLC, Casey’s Marketing Company, Casey’s Retail Company, Casey’s Services Company, and Heartland Property Company LLC.
Read More
When was Casey's General Stores founded?: Casey's General Stores was founded in 1959.
How can I contact Casey's General Stores?: Casey's General Stores' mailing address is ONE CONVENIENCE BOULEVARD, ANKENY IA, 50021. The official website for the company is www.caseys.com. The company can be reached via phone at (515) 965-6100, via email at darren.rebelez@caseys.com, or via fax at 515-965-6160.

This page (NASDAQ:CASY) was last updated on 8/20/2022 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Casey's General Stores - CASY Stock Forecast, Price & News

Casey's General Stores MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability