|
|
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 | $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.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q2 2022 | 2022-12-05 | Future report Set alerts | |
Q1 2022 | 2022-09-07 | 4.09 | 4.09 |
Q4 2021 | 2022-06-07 | 1.60 | 1.60 |
Q3 2021 | 2022-03-08 | 1.71 | 1.71 |
Q2 2021 | 2021-12-07 | 2.59 | 2.59 |
Q1 2021 | 2021-09-07 | 3.19 | 3.19 |
Q4 2020 | 2021-06-08 | 1.12 | 1.12 |
Q3 2020 | 2021-03-08 | 1.04 | 1.04 |
Q1 2020 | 2020-09-08 | 3.24 | 3.24 |
Q4 2019 | 2020-06-08 | 1.67 | 1.67 |
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
In CASY 305 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 3.73M |
BlackRock Inc. | 3.09M |
BlackRock Fund Advisors | 1.52M |
STATE STREET CORP | 1.43M |
Clearbridge Investments, LLC | 1.39M |
BlackRock Institutional Trust Company, N.A. | 1.19M |
VONTOBEL ASSET MANAGEMENT INC | 1.02M |
HENDERSON GROUP PLC | 0.92M |
BROWN ADVISORY INC | 0.80M |
JANUS CAPITAL MANAGEMENT LLC | 0.80M |
Perkins Investment Management, LLC | 0.73M |
THRIVENT FINANCIAL FOR LUTHERANS | 0.66M |
GOLDMAN SACHS GROUP INC | 0.57M |
JPMORGAN CHASE & CO | 0.54M |
GEODE CAPITAL MANAGEMENT, LLC | 0.51M |
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 / |