Arizona State Retirement System Lifts Stake in Casey’s General Stores,

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The Arizona State Retirement System has recently increased its stake in Casey’s General Stores ($NASDAQ:CASY), Inc. This move comes as no surprise as Casey’s General Stores is one of the leading convenience store retailers in the United States. It also offers a variety of other items including snacks, grocery items, cigarettes, and alcohol. Casey’s General Stores is a publicly traded company based in Ankeny, Iowa, and its stock is listed on the NASDAQ exchange. With the recent increase in the Arizona State Retirement System’s stake, it is clear that Casey’s General Stores is an attractive investment for many investors.

Stock Price

The stock opened at $255.1 and closed at $256.1, representing a slight 0.6% increase from its previous closing price of $254.5. This rise in stock price demonstrates ASRS’ confidence in the performance of the company. This movement was also accompanied by an increase in trading volume for the day, indicating a positive outlook for Casey’s General Stores. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CASY. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CASY. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CASY. More…

Key Ratios Snapshot

Some of the financial key ratios for CASY are shown below. More…

Analysis

As a part of our Wellbeing Analysis of CASEY’S GENERAL STORES, we have classified the company as a “Gorilla”, a type of company that has seen stable and high revenue or earnings growth due to its strong competitive advantage. With a high health score of 8/10 with regard to its cashflows and debt, CASEY’S GENERAL STORES is capable to pay off debt and fund future operations. We believe investors who are seeking growth, dividend and profitability in their investments may be interested in CASEY’S GENERAL STORES. The company is strong in dividend, growth, profitability and medium in asset. We believe that CASEY’S GENERAL STORES is well positioned to benefit from these qualities for years to come. 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 company has also been investing heavily in store remodels and new store openings, as well as expanding its delivery capability, which further indicate a positive outlook for the future. Analysts have also noted that the company’s strong liquidity position and cost-saving measures have allowed it to remain resilient during the pandemic, aiding its stock performance. Given its strong fundamentals, Casey’s General Stores is an attractive option for investors seeking long-term returns.