There are a number of risks to Casey’s that investors should be aware of. First, while inside sales growth have been strong, consumers are increasingly being squeezed in their pocketbooks from inflation. With the upcoming restart of student loan repayments, consumers may be less inclined to spend, especially those in the lower income cohorts. Fortunately, Casey’s is not overly indexed to low income consumers, as the company believes more than 70% of its customers make more than $50k per year (Figure 20).

You must click the activation link in order to complete your subscription. Sign-up to receive the latest news and ratings for CASY and its competitors with MarketBeat’s FREE daily newsletter. Get this delivered to your inbox, and more info about our products and services. The scores are based on the trading styles of Value, Growth, and Momentum.

As convenience retailers look to compete with quick-service restaurants (QSRs), Casey’s General Stores is seeing its pizza business bring new customers to its stores and digital platforms. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

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Bernard Looney took over as CEO of BP in 2020 after previously leading the company’s Upstream group. When the move was announced, board chair Helge Lund praised Looney as the right choice to lead BP into an era of energy transition. Some of those names that screen well include Alphabet and Meta Platforms due to their «strong technical AI prowess» and available resources to aggressively invest in the technology. Both companies also boast billions of users strong pipelines of AI-related talent.

Casey’s General Stores, Inc. (NASDAQ:CASY) is favoured by institutional owners who hold 86% of the company — Simply Wall St

Casey’s General Stores, Inc. (NASDAQ:CASY) is favoured by institutional owners who hold 86% of the company.

Posted: Thu, 07 Sep 2023 14:41:45 GMT [source]

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Sign-up to receive the latest news and ratings for Casey’s General Stores and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Overall, the company is guiding to growing units by 350 stores over the next 3 years, and with the deals in place, Casey’s is well on its way to surpassing those goals (Figure 15).

Target, Caterpillar, and 3 More Stocks Getting Higher Dividends

Wall Street analysts and Qualcomm officials had previously said they expected Apple to use an internally developed 5G modem starting in 2024. A stronger dollar makes gold more expensive for owners of other currencies. October West Texas Intermediate crude oil futures climbed as high as $88.45 a barrel (42 gallons) early Tuesday, the highest since Nov. 15, 2022.

Casey’s General Stores’ stock is owned by many different institutional and retail investors. Insiders that own company stock include Brian Joseph Johnson, Diane C Bridgewater, Julia L Jackowski, Larree M Renda and Mike Spanos. While management has been coy about the sustainability of 40 cents+ fuel margins, there does not appear to be any near-term impetus for margins to return to historical sub-35 cent levels. Style is an investment factor that has a meaningful impact on investment risk and returns.

Arm IPO’s price could top $51 per share: Reuters

Levy downgraded the stock to hold from buy and cut his price target to $135 from $210. ANKENY, Iowa—(BUSINESS WIRE)—Casey’s General Stores, Inc., («Casey’s» or the «Company») (Nasdaq symbol CASY) one of the leading convenience store chains in the United States, today announced financi… Casey’s is prioritizing rewards program usage as leading convenience store chains look to drive digital adoption, even as the industry overall lags behind other retail categories’ tech efforts.

Needham’s Laura Martin calculates that Disney’s deal with Charter should add $420 million to the entertainment company’s revenues in 2024, with Charter accounting for about 4% of total revenues. Wall Street sees a handful of positives coming out Disney’s deal with Charter Communications, settling a dispute that left millions of customers without access to some of the entertainment company’s programming. The Board of Directors in September voted to pay a quarterly dividend of $0.43 per share, payable November 15, 2023, to shareholders of record on November 1, 2023. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address.


I believe Casey’s can maintain its elevated valuation multiples as long as fuel margin stays strong and Casey can continue to deliver on inside sales growth. «We expect the earnings upgrade cycle to continue, flash trade meaning with us 7% ahead of company consensus in 2024,» analyst Sachin Jain wrote in a Tuesday note. Analyst Justin Lake upgraded the stock to outperform from «peer perform» and raised his price target on the stock.

Lake said he sees potential for CVS to more conservatively set expectations for earnings growth in 2025 and beyond in the high single-digit range. Oracle shares are on pace for their worst day since 2002 as investors responded to the software company’s mixed earnings report. The U.S. listed shares of BP rose 1.8% in afternoon trading after the Financial Times reported Tuesday, citing sources, the energy giant’s chief executive is set to resign.

Consensus Analyst Price Target

The company was founded by Donald F. Lamberti in 1968 and is headquartered in Ankeny, IA. Wells Fargo on Monday similarly kept its overweight rating and raised its price target to $625, saying it sees a «fairly straightforward setup» into the third fiscal quarter. Adobe’s MAX creativity conference in October is the more meaningful catalyst for shares, the firm said, expecting the company to highlight its generative AI capabilities across the Creative Cloud product suite. Analyst James Hardiman upgraded the stock to buy from neutral on Tuesday and raised his price target to $128. Shares of the company, which produces ATVs and Sea-Doo snowmobiles and jet skis, have dropped 8.7% this quarter.

These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error. 9 Wall Street equities research analysts have issued «buy,» «hold,» and «sell» ratings for Casey’s General Stores in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should «moderate buy» CASY shares.

Furthermore, Casey’s gross margins benefited from private label goods, which offer customers a good value proposition while being margin accretive for the company (Figure 9). We’d like to share more about how we work and what drives our day-to-day business. CASY’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

During the second quarter, Insulet commercially launched Omnipod 5 in the United Kingdom and in August, the device reached Germany commercially. The Dow Jones Industrial Average turned positive during midday trading, though it only eked out a slight gain. Earlier in the session, it was down as much as 103 points, or 0.3%. However, some semiconductor stocks such as Nvidia and Qualcomm were higher by 0.4% and 1.2%, respectively. Intel shares rose 1.9% after the chip company said it would sell a roughly 10% stake in its IMS Nanofabrication business to TSMC.

The U.S. company saw its stock rise 8.6% in premarket trading following an announcement that the two firms will create a global behemoth worth about $20 billion. U.S. crude prices touched the highest since November of last year, according to FactSet. The ICE Brent crude last added 49 cents to $91.13 a barrel, while U.S. West Texas Intermediate crude futures gained 62 cents to $87.91. Analyst Heather Balsky upgraded the stock to buy from neutral, calling Cintas a «best-in-breed company» and attributing her new rating to the firm’s growing confidence in a potential soft landing for the U.S. economy. The financials and industrial sectors were the only other industries that were positive as of midday Tuesday.

Net cash provided by operating activities totaled $229.1 million. Casey’s General Stores has been rated by Benchmark, BMO Capital Markets, Credit Suisse Group, Deutsche Bank Aktiengesellschaft, Royal Bank of Canada, Stephens, and Wells Fargo & Company in the past 90 days. This article was generated by Benzinga’s automated content engine and reviewed by an editor. ANKENY, Iowa—(BUSINESS WIRE)—Casey’s, the third largest convenience retailer and fifth largest pizza chain in the United States, today announced an enhanced mobile app experience for its loyalty pro… Casey’s General Stores CEO Darren Rebelez joins ‘Squawk on the Street’ to discuss the company’s latest strategic plan, how much inflation pressure has been passed along to consumers, and more. ANKENY, Iowa—(BUSINESS WIRE)—Casey’s is kicking off its in-store giving campaign to support America’s future generation of leaders.

Casey’s General Stores: Much To Like About The Investment Thesis … — Seeking Alpha

Casey’s General Stores: Much To Like About The Investment Thesis ….

Posted: Thu, 17 Aug 2023 07:00:00 GMT [source]

Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. CASY, -1.02% rose after hours Monday after its first-quarter per-share profit and same-store sales inside its retail locations topped Wall… The technique has proven to be very useful for finding positive surprises.

«We think it’s too early to make any strong declarations around the «AI winners/losers basket,’ wrote analyst Ross Sandler in a Tuesday note to clients. «Instead, we have tried to come up with a framework that can be applied today to assess winners and losers as things play out.» The U.S. traded shares of the company gained more than 1% on Tuesday. Bank of America reiterated its buy rating on AstraZeneca on Tuesday, highlighting the pharmaceutical stock’s «attractive valuation» and calling it the «best pipeline in the sector.» Much attention is focused on key inflation data due later in the week, with the consumer price index expected Wednesday and the producer price index slated for Thursday.

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