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Casey's General Stores, Inc.
Type
Public
Traded as NASDAQ: CASY
S&P 400 Component
Industry Retail (Convenience stores), Fuel
Founded 1959
Headquarters Ankeny, Iowa, U.S.
Key people
Terry W. Handley, CEO
William J. Walljasper, CFO
Revenue Increase $7.51 billion (FY 2017)
Number of employees
14,500
Website www.caseys.com

Casey's General Stores, Inc., is a chain of convenience stores in the Midwestern United States, primarily within the states of Iowa, Arkansas, Illinois, Indiana, Missouri, South Dakota, North Dakota, Kansas, Oklahoma, Nebraska, and Wisconsin. The company is headquartered in Ankeny, Iowa; a suburb of Des Moines.

In 1959, Donald Lamberti leased a service station in Des Moines, Iowa, from his father. After successfully remodeling the station into a convenience store and operating it for nine years, his gasoline supplier and friend, Kurvin C. (K.C.) Fish, suggested that he purchase the Square Deal Oil Company, a service station available for sale in Boone, Iowa. Lamberti followed Fish's advice and purchased the station, which he renamed "Casey's" after Fish and as with his leased store converted the station into a convenience store. The logo on the Boone store is the same logo used today by the Casey's chain.

The Boone store (located in a town of only 12,500) did well, so Lamberti decided to see if he could duplicate his success. He built another store in Creston, Iowa (population 7,000) and that store did well also. Lamberti became more ambitious and decided to open a store from scratch in the even smaller town of Waukee, Iowa (population 1,500 at the time). The Waukee store proved to be the most successful of the three, so Lamberti decided to purchase and open more stores, concentrating on towns of less than 5,000 population (a variation on the tactic used in the early success of Wal-Mart).

By the late 1970s (when Casey's opened its first warehouse) the chain had 118 stores, including the original store operated by Lamberti's parents which entered the Casey's fold in 1977.

In 1982, Casey's opened its first Distribution Center in Urbandale, Iowa.

Casey's became a publicly traded company in October, 1983, with an initial public offering of 700,000 shares. Around this time Casey's began to sell doughnuts in its stores; in December 1984 it introduced pizza into its stores (which is one of its signature items today).

In 1990, Casey's moved to its current facility in Ankeny, Iowa.

Casey's 1,000th store opened in Altoona, Iowa in 1996, the same year Casey's exceeded US $1 billion in annual sales.

In January 2006, Casey's purchased Lincoln, Nebraska-based Gas 'N Shop. On August 7, 2006, Casey's agreed to purchase the 33-store HandiMart chain, based in Cedar Rapids, Iowa, in a $63 million deal.

In March 2010, Alimentation Couche-Tard (operator of several convenience store chains, including Circle K) offered $1.9 billion for control of the company, and later announced a proxy fight for control. Casey's rejected Couche-Tard's offer and was successful in September 2010 in retaining its board of directors vs. Couche-Tard's nominated slate.

While Casey's and Couche-Tard were battling for company control, in September 2010, 7-Eleven offered a $2 billion bid for control of the company. Casey's and 7-Eleven engaged in discussions, but in November 2010 elected not to proceed with a merger.

Casey's announced in 2017 that it plans to open about 10 new locations in western Ohio.

As of June 30th 2017, Casey's has over 1,980 stores in 15 states. Casey's currently operates in the following states, most of which are in the Midwestern United States and the Plains States:

Source:

The store counts above include the purchases mentioned above.

News

Casey's General Stores, Inc. 0.08% (consumer defensive)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-12-07 Future report Set alerts
Q1 2020 2020-09-08 3.24 3.24
Q4 2019 2020-06-08 1.67 1.67
Q3 2019 2020-03-09 0.91 0.91
Q2 2019 2019-12-09 2.21 2.21
Q1 2019 2019-09-09 2.31 2.31
Q4 2018 2019-06-10 0.68 0.68
Q3 2018 2019-03-11 1.13 1.13
Q2 2018 2018-12-10 1.80 1.80
Q1 2018 2018-09-10 1.90 1.90

Ratings

2016-06-29 Upgrade Goldman Sachs Neutral to Buy $123.00 to $145.00
2016-06-29 Upgrade Goldman Sachs Group Inc. Neutral to Buy $123.00 to $145.00
2016-06-08 Reiterated Rating BMO Capital Markets Hold $115.00 to $118.00
2016-06-08 Boost Price Target Jefferies Group $113.00
2016-06-07 Reiterated Rating Jefferies Group Hold
2016-06-03 Reiterated Rating Deutsche Bank Buy $130.00
2016-06-03 Reiterated Rating Deutsche Bank AG Buy $130.00
2016-05-17 Initiated Coverage Jefferies Group Hold
2016-04-07 Initiated Coverage Jefferies Group Hold $102.00
2016-03-30 Upgrade Deutsche Bank Hold to Buy $120.00 to $130.00
2016-03-16 Boost Price Target Goldman Sachs $112.00 to $115.00
2016-03-09 Upgrade Feltl & Co. Buy to Strong-Buy $137.00
2016-03-09 Lower Price Target Goldman Sachs Neutral $129.00 to $112.00
2016-03-09 Upgrade RBC Capital Sector Perform to Outperform $128.00 to $129.00
2016-03-09 Upgrade Royal Bank Of Canada Sector Perform to Outperform $128.00 to $129.00
2016-03-08 Boost Price Target RBC Capital Hold to Sector Perform $124.00 to $128.00
2016-02-20 Reiterated Rating BMO Capital Markets Market Perform $130.00 to $122.00
2016-02-17 Lower Price Target Goldman Sachs Neutral $134.00 to $129.00
2016-02-17 Lower Price Target RBC Capital Sector Perform $134.00 to $124.00
2016-01-21 Boost Price Target Goldman Sachs $132.00 to $134.00
2015-12-09 Reiterated Rating RBC Capital Hold
2015-12-09 Reiterated Rating Deutsche Bank Hold $117.00 to $120.00
2015-12-08 Boost Price Target RBC Capital Sector Perform $122.00 to $125.00
2015-12-02 Reiterated Rating Deutsche Bank Hold
2015-11-17 Boost Price Target RBC Capital Sector Perform $111.00 to $122.00
2015-09-28 Reiterated Rating RBC Capital Sector Perform $111.00
2015-09-11 Upgrade BMO Capital Markets Underperform to Market Perform $80.00 to $105.00
2015-09-10 Reiterated Rating Deutsche Bank Hold $87.00 to $112.00
2015-09-09 Boost Price Target RBC Capital Sector Perform $109.00 to $111.00
2015-08-19 Reiterated Rating RBC Capital Hold
2015-08-19 Boost Price Target Macquarie Outperform $100.00 to $115.00
2015-08-18 Boost Price Target RBC Capital Sector Perform $102.00 to $109.00
2015-06-09 Reiterated Rating Sidoti Buy $104.00 to $107.00
2015-06-09 Initiated Coverage Macquarie Outperform $100.00
2015-06-09 Boost Price Target RBC Capital Sector Perform $93.00 to $102.00
2015-05-15 Upgrade Sidoti Neutral to Buy $104.00 to $96.00
2015-03-11 Boost Price Target Deutsche Bank Hold $80.00 to $87.00
2015-01-08 Upgrade Northcoast Research Neutral to Buy
2014-11-26 Boost Price Target Deutsche Bank Hold $70.00 to $80.00
2014-11-25 Downgrade Northcoast Research Buy to Neutral $83.00
2014-10-16 Boost Price Target RBC Capital Sector Perform $76.00 to $80.00
2014-09-17 Upgrade Northcoast Research Neutral to Buy $83.00
2014-09-10 Upgrade Feltl & Co. Hold to Buy
2014-06-11 Boost Price Target Raymond James $77.00 to $80.00
2014-05-12 Upgrade Ned Davis Research Neutral to Buy
2014-03-11 Downgrade Feltl & Co. Buy to Hold
2014-02-21 Initiated Coverage Macquarie Neutral $70.00
2014-01-16 Upgrade Raymond James Market Perform to Outperform $77.00
2013-12-10 Reiterated RBC Capital Mkts Sector Perform $75 to $78
2013-12-10 Boost Price Target RBC Capital Sector Perform $75.00 to $78.00
2013-11-15 Reiterated The Benchmark Company Buy $79 to $86
2013-11-15 Reiterated Rating RBC Capital Sector Perform $75.00
2013-11-15 Boost Price Target Benchmark Co. Buy $79.00 to $86.00
2013-11-11 Downgrade Ned Davis Research Buy to Neutral
2013-10-16 Reiterated Rating RBC Capital Sector Perform $71.00 to $75.00
2013-10-16 Initiated Coverage BMO Capital Markets Underperform
2013-09-26 Initiated Deutsche Bank Hold $70
2013-09-25 Initiated Coverage Deutsche Bank Hold $70.00
2013-09-18 Reiterated Rating Feltl & Co. Buy $79.00
2013-09-18 Boost Price Target RBC Capital Sector Perform $66.00 to $70.00
2013-09-11 Reiterated The Benchmark Company Buy $73 to $79
2013-09-10 Reiterated Feltl & Co. Buy $74 to $79
2013-07-17 Reiterated Feltl & Co. Buy $66 to $74
2013-06-17 Reiterated Feltl & Co. Buy $66 to $69
2013-06-11 Initiated The Benchmark Company Buy $73
2013-05-16 Reiterated RBC Capital Mkts Sector Perform $61 to $63
2013-03-12 Reiterated Feltl & Co. Buy $64 to $66
2012-09-11 Reiterated Feltl & Co. Buy $61 to $64.60
2012-06-14 Upgrade Feltl & Co. Hold to Buy $46.20 to $61
2011-06-15 Reiterated RBC Capital Mkts Sector Perform $43 to $49
2011-03-09 Reiterated RBC Capital Mkts Sector Perform $46 to $43
2011-03-08 Downgrade Feltl & Co. Strong Buy to Buy
2010-12-08 Reiterated Feltl & Co. Strong Buy $50 to $52.50
2010-09-07 Reiterated Feltl & Co. Strong Buy $46 to $50
2010-07-28 Upgrade Feltl & Co. Buy to Strong Buy $43 to $46
2010-06-16 Upgrade Feltl & Co. Hold to Buy $40 to $43
2016-06-29 Upgrade Goldman Sachs Neutral to Buy $123.00 to $145.00
2016-06-29 Upgrade Goldman Sachs Group Inc. Neutral to Buy $123.00 to $145.00
2016-06-08 Reiterated Rating BMO Capital Markets Hold $115.00 to $118.00
2016-06-08 Boost Price Target Jefferies Group $113.00
2016-06-07 Reiterated Rating Jefferies Group Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MYERS ROBERT J President and CEO 0.21%  (80136) CASY /
Lamberti Jeffrey M 0.08%  (31885) CASY /
HANDLEY TERRY W Chief Operating Officer 0.08%  (29682) CASY /
HAYNIE KENNETH H 0.07%  (26962) CASY /
Jackowski Julia L SVP, Corp Gen Counsel & HR 0.05%  (20714) CASY /
Walljasper William J Senior VP and CFO 0.05%  (20452) CASY /
KIMBALL WILLIAM C 0.05%  (19951) CASY /
Horak H Lynn 0.04%  (15483) CASY /
Bridgewater Diane C 0.04%  (14324) CASY /
DANOS JOHNNY 0.04%  (14224) CASY /
Wilkey Richard A 0.03%  (13500) CASY /
Billmeyer Sam J Senior Vice President 0.03%  (13153) CASY /
RENDA LARREE M 0.02%  (9347) CASY / ISCA / SWY /
Johnson Brian Joseph SVP, Store Development 0.02%  (7229) CASY /
Heiden Cara Kay 0.01%  (5043) CASY /
SUMMERS CINDI WEBB SVP, Human Resources 0.01%  (3839) CASY /
LENHARDT DAVID K 0.01%  (2300) CASY / PETM /

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