Core Viewpoint - Casey's General Stores, Inc. is expected to report a decline in quarterly earnings while projecting an increase in revenue for the fourth quarter [1] Financial Performance - Analysts anticipate quarterly earnings of $1.95 per share, down from $2.34 per share in the same period last year [1] - The company projects quarterly revenue of $3.95 billion, compared to $3.6 billion a year earlier [1] Analyst Coverage - Keybanc analyst Bradley Thomas initiated coverage of Casey's with an Overweight rating and set a price target of $500 [2] Dividend Information - Casey's offers an annual dividend yield of 0.45%, translating to a quarterly dividend of $0.50 per share, or $2.00 annually [2] - To achieve a monthly dividend income of $500, an investor would need to own approximately 3,000 shares, equating to a total investment of about $1,337,070 [4] - For a more conservative monthly income goal of $100, an investor would need 600 shares, requiring an investment of approximately $267,414 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on stock price changes [5] - An increase in stock price results in a lower dividend yield, while a decrease leads to a higher yield [5] - Changes in the dividend payment itself can also impact the dividend yield, with increases leading to higher yields and decreases resulting in lower yields [6] Stock Performance - Shares of Casey's fell by 0.6% to close at $445.69 on Thursday [6]

Group 1 - Casey's General Stores is expected to report fiscal fourth-quarter earnings on June 9, 2025, with analysts predicting earnings of $1.95 per share and revenue of $3.95 billion, reflecting a 17% decrease in earnings year-over-year and a 10% increase in sales compared to the previous year [2] - In the third quarter, Casey's reported an 11% year-over-year rise in EBITDA, with net income remaining unchanged but projected to have increased by 15% when excluding one-off expenses from a $1.1 billion acquisition [3] - The company has a market capitalization of $17 billion, with total revenue reaching $16 billion over the last twelve months, operational profits of $768 million, and net income of $535 million [3] Group 2 - Historical trends indicate that Casey's stock has dipped 65% of the time after earnings announcements, with a median one-day decline of 2.9% and a maximum drop of 7% [2] - Over the last five years, there have been 20 earnings data points for Casey's, with 7 positive and 13 negative one-day returns, resulting in positive returns approximately 35% of the time [6] - The median of the 7 positive returns is 7.4%, while the median of the 13 negative returns is -2.9% [6]

Core Insights - Analysts expect Casey's General Stores (CASY) to report quarterly earnings of $1.93 per share, reflecting a year-over-year decline of 17.5% [1] - Revenue is projected to be $3.97 billion, indicating a 10.3% increase from the same quarter last year [1] Earnings and Revenue Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a reevaluation of initial estimates by analysts [1] - Analysts forecast 'Net Sales- Fuel' to reach $2.40 billion, representing a year-over-year increase of 5.3% [3] - The estimate for 'Net Sales- Other' stands at $134.72 million, suggesting a significant year-over-year increase of 104% [4] Sales and Store Metrics - 'Net Sales- Prepared Food & Dispensed Beverage' is estimated at $400.18 million, indicating a 12.1% increase from the prior year [4] - 'Net Sales- Grocery & General Merchandise' is projected to be $1.02 billion, reflecting a year-over-year change of 13.1% [4] - 'Same-store sales - Grocery & General Merchandise' are expected to reach a year-over-year change of 2.0%, down from 4.3% [5] - The 'Number of Stores (EOP)' is predicted to be 2,918, up from 2,658 year-over-year [5] Profit Estimates - 'Gross Profit- Grocery & General Merchandise' is expected to reach $348.35 million, compared to $310.17 million in the same quarter last year [7] - 'Gross Profit- Prepared Food & Dispensed Beverage' is projected at $228.54 million, up from $207.44 million in the same quarter last year [7] - 'Gross Profit- Other' is estimated to be $37.11 million, compared to $26.85 million from the previous year [8] Market Performance - Shares of Casey's have decreased by 6.1% in the past month, contrasting with a 5.2% increase in the Zacks S&P 500 composite [8] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [8]

Core Insights - Casey's General Stores, Inc. (CASY) is expected to report a revenue increase of 10.3% year over year for Q4 fiscal 2025, with projected revenues of $3,969 million [1][9] - Earnings per share (EPS) are anticipated to decline by 17.5% year over year, with a consensus estimate of $1.93 per share [2][9] Revenue Drivers - The company's strong performance is attributed to its resilient business model, enhanced omnichannel capabilities, and exclusive private-label offerings [3] - Significant growth is expected in the prepared food and dispensed beverage segments, with a projected revenue increase of 13.2% [4] - Grocery and general merchandise categories are also expected to see a 12.7% increase in sales, driven by trending items like energy drinks [5] - Inside sales are projected to rise by 12.8%, with same-store sales growing by 2.6%, reflecting strong foodservice innovation and effective promotions [6] Challenges - The anticipated decline in earnings is primarily due to the dilutive impact of the Fikes acquisition, which has led to higher interest expenses and additional integration costs [7][9] - Other factors affecting profitability include the absence of the leap day benefit from the previous year and adverse weather conditions impacting February sales [7][9] - Operating expenses are expected to increase by 14.9% for the quarter [7]

Company Overview - Casey's General Stores, Inc. operates nearly 2900 convenience stores across 20 states in the U.S. [1] - The company differentiates itself by focusing on small towns and emphasizing prepared food offerings [1] Investment Philosophy - The investment philosophy revolves around identifying mispriced securities by understanding the drivers behind a company's financials [1] - A DCF model valuation is often used to reveal the true value of a stock, allowing for a flexible approach to investment that considers all prospects [1]

Core Viewpoint - Casey's General Stores has shown significant growth and potential for future expansion, making it an attractive investment opportunity despite trading near all-time highs [2][4]. Group 1: Company Overview - Casey's General Stores operates over 2,900 locations, making it the third-largest convenience store and fifth-largest pizza chain in the U.S. [3] - The company primarily serves small towns with populations under 20,000, acting as a key community eatery [3]. - Since its IPO in 1983, Casey's has delivered remarkable returns, with a $100 investment now worth $47,380 [3][8]. Group 2: Expansion Opportunities - Casey's has nearly doubled its store count since 2010, with significant growth potential remaining, particularly in states outside its current stronghold of Iowa, Illinois, and Missouri [5]. - Approximately 75% of towns with populations between 500 and 20,000 within its distribution reach still lack a Casey's store, indicating substantial room for growth [6]. - The company is also exploring expansion through mergers and acquisitions into new markets like Texas, Tennessee, and Florida [7]. Group 3: Mergers and Acquisitions Strategy - Casey's M&A team focuses on integrating smaller c-store chains, enhancing kitchen capabilities, which boosts inside sales by 20% and EBITDA by 70% [10][11]. - The high gross margin of 58% on prepared food and beverage sales allows for a 15% return on investment for acquired stores [12]. - Successful integration into larger cities has led to an increase in cash return on invested capital (ROIC) [12][14]. Group 4: Dividend Potential - Despite a current dividend yield of only 0.5%, Casey's has raised its dividend for 25 consecutive years, with payouts using only 13% of net income [15]. - The company could increase its dividend yield significantly while still maintaining a healthy payout ratio, indicating strong future dividend growth potential [16]. - Historical performance shows that long-term investors could achieve a 20% dividend yield based on their original cost basis [16]. Group 5: Valuation and Market Position - Casey's is currently trading at a higher valuation than usual, but this reflects its growth story and a 19% annual increase in net income over the last decade [19]. - The price-to-CFO ratio of 16 is higher than historical averages but remains attractive compared to the broader market, which averages closer to 30 [20][21]. - The company's ongoing expansion and annual dividend increases at a sub-market valuation support the case for continued investment [21].

Group 1: Kroger - Kroger's stock forecast indicates a 12-month price target of $67.06, with a current price of $68.91, suggesting a potential downside of 2.69% [3] - The company is expected to deliver significant capital returns to investors, including a $5 billion accelerated plan and $2.5 billion remaining on the existing authorization [3][4] - Despite a contraction in FQ4 2024 results, the organic adjusted comparable figure rose modestly, and growth is anticipated to return in 2025, supported by a reliable dividend [5][6] Group 2: Casey's General Stores - Casey's General Stores has a 12-month stock price forecast of $430.33, with a current price of $436.80, indicating a downside of 1.48% [9] - The company is growing through acquisitions and organic expansion, with revenue growth of 17% in Q3 driven by the acquisition of Fikes [9] - Casey's maintains a reliable dividend with a payout ratio of almost 15% of earnings, aiming to extend its history of annual distribution increases [11] Group 3: AutoZone - AutoZone's stock forecast shows a 12-month price target of $3,821.91, with a current price of $3,663.00, indicating an upside of 4.34% [13] - The company focuses on share buybacks instead of dividends, reducing its share count by over 3.25% year-over-year in FQ2, with $1.3 billion remaining for buybacks [14] - AutoZone is expected to continue modest single-digit growth, supported by a strong balance sheet and cash flow [15]

Core Points - A public hearing is scheduled to discuss a Casey's development project at 20 E. Ogden Ave. in Naperville, set for May 7 at 7 p.m. [1] - The developers are requesting a conditional use agreement and a zoning variance to construct a new 3,218 square foot convenience store, replacing the existing Bucky's gas station, which was acquired by Casey's General Stores in 2021 [2] - The zoning variance aims to permit the replacement of three light fixtures within a major arterial setback, as outlined in village documents [2]

Core Insights - IntelAgree has entered into an enterprise agreement with Casey's, a Fortune 500 company and a major player in the convenience store and pizza chain sectors in the U.S. [1][5] - Casey's will utilize IntelAgree's full capabilities, including the generative AI assistant Saige Assist, to enhance contract operations across various departments [2][3]. Company Overview - Casey's operates approximately 2,900 convenience stores and is recognized as the third-largest convenience store retailer and the fifth-largest pizza chain in the United States [5]. - The company focuses on providing freshly prepared foods, quality fuel, and friendly service, with a diverse menu including pizza and bakery items [5]. Technology and Implementation - The implementation of IntelAgree's platform reflects Casey's commitment to operational excellence, automation, and enterprise-wide visibility [2][3]. - IntelAgree's tools will support every stage of the contract lifecycle, offering features such as a centralized contract repository, automated approvals, and real-time dashboards [3][4]. - The platform aims to transform contracts into a strategic advantage for Casey's by simplifying the contract process from end to end [4]. Strategic Alignment - Both companies share a commitment to making a meaningful impact in their communities, with Casey's focusing on delivering value to its guests and team members [3]. - IntelAgree emphasizes the importance of streamlining contract management to allow teams to focus on impactful work rather than busy work [6].

Core Insights - Zacks Premium offers various tools and services to help investors achieve long-term success in the stock market [1] - The Zacks Focus List is a curated portfolio of 50 stocks expected to outperform the market over the next 12 months [3][4] Performance Metrics - In 2020, the Focus List gained 13.85% on an annualized basis, outperforming the S&P 500's return of 9.38% [5] - Cumulatively, the Focus List has returned 2,519.23% from February 1, 1996, to March 31, 2021, compared to the S&P's return of 854.95% during the same period [5] Methodology - The Focus List is based on earnings estimate revisions, which are critical for predicting future growth and profitability [6][7] - The Zacks Rank, a proprietary stock-rating model, utilizes changes in quarterly earnings expectations to help build a winning portfolio [8] Zacks Rank Components - The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise, which are recalculated nightly [9] - Stocks in the Focus List are primarily from 1 (Strong Buy) or 2 (Buy) ranked companies, indicating a bullish earnings consensus among analysts [9] Case Study: Casey's General Stores - Casey's General Stores, added to the Focus List at $171.98 per share, has seen a share price increase of 167.93% to $460.78 [12] - The Zacks Consensus Estimate for Casey's earnings has increased to $13.95, with an average earnings surprise of 22.7% [13]