State of Alaska Department of Revenue Sells 80 Shares of Casey’s General Stores, at Defense World
July 5, 2023
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The State of Alaska Department of Revenue recently sold 80 shares of Casey’s General Stores ($NASDAQ:CASY), Inc. through Defense World. The company’s stores offer a variety of items including hot and cold beverages, snacks, tobacco products, beer and wine, grocery items, and gasoline.
Additionally, they provide prepared food such as pizza, donuts, sandwiches, and other items. Casey’s General Stores, Inc. is listed on the NASDAQ stock exchange under the ticker symbol CASY. Investors have shown an increasing interest in Casey’s General Stores, Inc. due to its strong financial performance over the past year. With its strong performance, the company has been able to increase its dividend to shareholders and continue to expand its store network.
Earnings
The company’s earnings report for FY2023 Q4 ending April 30 2021 revealed a total revenue of 2378.24M USD and a net income of 41.7M USD. This marks a 31.2% decrease in total revenue and a 30.2% decrease in net income compared to the previous year. Looking at the past three years, Casey’s General Stores has seen an increase in total revenue from 2378.24M USD to 3328.7M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CASY. More…
| Total Revenues | Net Income | Net Margin |
| 15.09k | 446.69 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CASY. More…
| Operations | Investing | Financing |
| 881.95 | -545.03 | -116.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CASY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.94k | 3.28k | 69.96 |
Key Ratios Snapshot
Some of the financial key ratios for CASY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.0% | 17.4% | 4.2% |
| FCF Margin | ROE | ROA |
| 2.7% | 15.3% | 6.7% |
Stock Price
The stock opened at $243.7 and closed at $243.2, down by 0.3% from its prior closing price of $243.9. It is unclear whether the shares were sold by the Department of Revenue or by an individual or other entity, but it is clear that the sale was made at Defense World. This could be an indication that the department is looking to reduce its stake in the company, or it could be an indication that an individual investor is taking advantage of the recent decrease in Casey’s General Stores’ stock price. Either way, it is a noteworthy event that could have implications for the company’s future. Live Quote…
Analysis
We are pleased to report that, based on our Risk Rating, CASEY’S GENERAL STORES is a low risk investment in terms of financial and business aspects. During our analysis, we detected 2 risk warnings in the income sheet and balance sheet. To learn more about what these warnings entail, we invite you to register with GoodWhale. Our team of experienced analysts will be more than happy to go over the details and provide helpful insights. More…
Peers
Casey’s General Stores Inc is in competition with Murphy USA Inc, Nanning Department Store Co Ltd, Hunan Friendship & Apollo Commercial Co Ltd. All four of these companies are retailers that offer similar products and services. The competition between these companies is based on price, quality, convenience, and customer service.
– Murphy USA Inc ($NYSE:MUSA)
Murphy USA Inc is a gas station and convenience store chain that operates in the southern and midwestern United States. As of 2022, the company has a market cap of 6.47B and a return on equity of 64.41%. The company was founded in 1996 and is headquartered in El Dorado, Arkansas. Murphy USA operates over 1,400 gas stations and convenience stores across the United States. The company’s gas stations offer a variety of fuels, including regular, premium, and diesel. In addition to gasoline, Murphy USA convenience stores sell a variety of food and beverage items, such as snacks, candy, soft drinks, and coffee.
– Nanning Department Store Co Ltd ($SHSE:600712)
Nanning Department Store Co Ltd has a market cap of $2.04 billion as of 2022 and a Return on Equity of 0.63%. The company operates department stores in Nanning, Guangxi, China. It offers a range of merchandise, including apparel, cosmetics, and home appliances. The company also operates a loyalty program that offers discounts and rewards to customers who shop at its stores.
– Hunan Friendship & Apollo Commercial Co Ltd ($SZSE:002277)
Hunan Friendship & Apollo Commercial Co Ltd is a company that operates in the commercial sector. It has a market capitalization of 4.99 billion as of 2022 and a return on equity of 3.02%. The company focuses on providing commercial services to businesses in China. These services include leasing, property management, and investment management. The company also provides consulting services for businesses expanding into China.
Summary
The State of Alaska Department of Revenue recently sold 80 shares of Casey’s General Stores, Inc., a publicly traded company on the NYSE. This transaction provides insight into the financial investments of the state of Alaska. Investors should consider the current stock price of Casey’s General Stores, its historical performance, and its current market position.
Additionally, analysts should consider the company’s current market capitalization, financial statements, analyst ratings, and other available financial information. Other factors to consider include risk-return tradeoff, competitive landscape, dividend yield, and available financial ratios. With these factors in mind, investors can form an opinion on whether or not to invest in Casey’s General Stores, Inc.
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