Latest news with #CEFCO
Yahoo
4 days ago
- Business
- Yahoo
This Pizza Chain's Stock Surged 360%--But Is the Slice Still Worth the Price?
Once a turnaround story, Casey's (NASDAQ:CASY) has quietly become one of the market's most impressive retail compounders. Since 2018, shares have climbed more than 360% as the company revamped its strategy under CEO Darren Rebelezcentralizing procurement, streamlining operations, and betting big on fresh food. That bet's paid off. Prepared food now contributes nearly a third of gross profit, well above peers, while private-label items are benefiting from the company's strong reputation. Bloomberg Second Measure data shows Casey's outpacing the broader staples sector in sales growthdriven by pizza, donuts, breakfast burritos, and even a trial menu of wings and fries. Warning! GuruFocus has detected 6 Warning Sign with CASY. But it's not just food that's fueling the run. Casey's has leaned into M&A, targeting small chains that make up over 60% of the 150,000+ U.S. convenience stores. Its biggest deal yetlast year's $1.1 billion acquisition of CEFCOadded nearly 200 stores and a key fuel terminal, extending Casey's reach into high-growth states like Texas and Florida. The company has been adding around 100 stores a year, with a current footprint of about 2,900 locations across 19 states. That's still far behind giants like 7-Eleven or Circle K, but Casey's rural focus gives it pricing power and customer loyalty in markets with limited competition. Still, not every analyst is on board at these levels. The stock closed at $518.28 on Thursday, trading at roughly 35x earningsa premium to convenience store peers and even most pizza chains. BMO's Kelly Bania noted that rising expectations leave little margin for error, while Wells Fargo's Anthony Bonadio flagged that any slowdown in growthor signs of strength from other retailerscould trigger a rotation. Others remain constructive, pointing to Casey's unique traffic drivers: fuel, beer, tobacco, and foodan edge that traditional QSRs can't match. But with the bar set this high, Casey's next chapter will need more than just good pizza. This article first appeared on GuruFocus.
Globe and Mail
28-07-2025
- Business
- Globe and Mail
Bitcoin Depot Rides on Kiosk Expansion: Bullish on Bitcoin Potential?
Bitcoin Depot Inc. BTM revenues have been growing in the past couple of years, primarily driven by BTM Kiosks, which accounted for roughly 99.7% of its total revenues in the first quarter of 2025. As of March 31, 2025, Bitcoin Depot had 8,463 BTM Kiosks installed across the United States, Canada and Puerto Rico, with a median kiosk transaction size of $300. Further, in June 2025, the company acquired the assets of Pelicoin, LLC, to strengthen its presence in the Gulf South region of the United States. The transaction will expand kiosk locations across Louisiana, Mississippi, Tennessee, Alabama and Texas. Moreover, Bitcoin Depot purchased additional Bitcoin under its treasury strategy, holding more than 100 Bitcoins in its treasury. This reinforces its confidence in Bitcoin's long-term potential as both a strategic asset and a store of value. Last year, the company entered into seven franchise profit-sharing arrangements, under which counterparties will earn a share in profits generated by a particular group of kiosks. Also, it secured a deal with CEFCO for 72 out of their more than 200 locations to diversify within the convenience store industry. The company also signed a master placement agreement with EG America LLC to install BTM kiosks in more than 900 locations. Thus, Bitcoin Depot aims to capitalize on existing partnerships and new ones to expand its BTM Kiosks to drive higher transaction volumes, which, in turn, will boost revenues. What are BTM's Peers Doing? Bitcoin Depot's close peers like Coinbase Global Inc. COIN and BTCS, Inc. BTCS have been capitalizing on cryptocurrency tailwinds. While Coinbase has been emphasizing stablecoins and staking services, BTCS focuses on an Ethereum-focused strategy. The recent wave of deregulation in crypto policies is expected to favor companies like Bitcoin Depot, Coinbase and BTCS by reducing compliance burdens and opening up new revenue opportunities. Bitcoin Depot's Price Performance, Valuation and Estimates Bitcoin Depot shares have soared 228.4% this year, significantly outperforming the S&P 500's gain of 8.3%. From a valuation standpoint, BTM trades at a 12-month forward price-to-earnings ratio (P/E F12M) of 10.98X, below the industry average. The Zacks Consensus Estimate for Bitcoin Depot's 2025 earnings implies a surge of 176.7% on a year-over-year basis, while 2026 earnings are expected to grow at a rate of 10.3%. In the past week, earnings estimates for 2025 and 2026 have remained unchanged. BTM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bitcoin Depot Inc. (BTM): Free Stock Analysis Report BTCS Inc. (BTCS): Free Stock Analysis Report
Yahoo
12-06-2025
- Business
- Yahoo
Ankeny-based Casey's sees record stock price on strong fiscal year 2025 report
Casey's General Stores plans to add 80 locations in the next fiscal year, its executives said as the company reported a strong fiscal year 2025 performance that pushed its stock price to an all-time high. The Ankeny-based company reported Monday, June 10, that net income was $546.5 million, up 8.9% from fiscal 2024, and earnings before interest, taxes, depreciation, and amortization were $1.2 billion, up 13.3%. Casey's stock hit an all-time high of $509.08 on the news. Its value is up nearly 50% from a year ago. The plan for continued expansion comes after a year when Casey's, the county's third-largest convenience store chain, added 270 stores, moving for the first time into Alabama, Florida and Mississippi. It also expanded its footprint in Texas, where it entered the market in 2023 with the purchase of 22 Lone Star Food Stores, then bought 148 CEFCO locations last year. Chief Financial Officer Steve Bramlage, in a conference call with analysts and reporters, said that by the end of fiscal year 2026, the chain will have added about 500 stores over three years, beating a goal of 350 set in 2024 . CEO Darren Rebelez in a separate call told analysts that the CEFCO stores and "proof of concept" Casey's stores in Texas and Florida are performing well. 'While we're in different states we tend to be in those smaller towns and rural communities. That is right in our wheelhouse,' Rebelez said. 'There's a little bit of nuance between one state and another, but by and large they're behaving exactly like we expected.' As in past years, he said, about half of Casey's new stores in the coming year will be acquisitions and the rest will be newly built. The CEFECO acquisition was rare, he said, adding that Casey's typically buys one or two stores at a time. "Sometimes acquisitions get a little expensive and maybe we don't want to go down that path," he said. "Sometimes construction costs are more expensive. So we like to lean heavier the other way. It gives us great optionality to have rateable, steady growth without having to sacrifice too much." Related: Casey's pizza turns 40 years old. Find out how this Iowa staple was invented Non-gas sales showed strong growth in fiscal year 2025: In-store sales of goods increased 10.98% to $5.76 billion and prepared food sales, which include pizza, increased 10.2% to $1.61 billion. About half of Casey's prepared food revenues come from pizza sales. Casey's also is test marketing chicken wings at 225 stores. "We're very encouraged with what we've seen so far," Rebelez said. "Guest feedback has been really strong. We're continuing to learn and making some modifications as we look forward." President Donald Trump's on-again, off-again tariffs have roiled other retailers and shaken consumer confidence this spring. But Casey's has largely been spared, Bramlage and Rebelez said. Less than 5% of products Casey's sells are imported, Bramlage said. Stagnating incomes and worries about the tariffs and inflation have led to plunging consumer confidence this spring, according to the University of Michigan's Consumer Sentiment Survey. But Rebelez, in keeping with a March comment that Casey's weathers poor economic times well, said that while consumers are "modifying some purchasing behavior," sales have remained strong. "The consumer is really hanging in there and continuing to visit our stores as frequently as they have historically," he said. Philip Joens covers retail and real estate for the Des Moines Register. He can be reached at 515-284-8184 or pjoens@ This article originally appeared on Des Moines Register: Casey's stock booms as chain posts high earnings for fiscal year 2025
Yahoo
04-04-2025
- Business
- Yahoo
East Texas State Fair hopes for economic impact from Pro-Rodeo
TYLER, Texas (KETK) – The East Texas State Fair made a historic move on Wednesday. 'For 113 years, the East Texas State Fair has been deeply rooted in the culture and traditions of Tyler and East Texas,' East Texas State Fair chairman Michael Stoltz said. East Texas 12-year-old sells record setting pig for over $500,000 at Houston Rodeo 2024 was a big year for the East Texas State Fair, not only did they move locations, but they saw more guests than ever before. 'We experienced record attendance days at the fair with overall attendance of over 100,000 visitors,' Stoltz said. Businesses around the new fair grounds like the CEFCO gas station down the road said more traffic has brought in more sales. On Wednesday, the fair announced they would be bringing in even more traffic by adding a pro-rodeo to their line-up. 'This first year, we're expecting over $100,000 payout, for a first year rodeo that's outstanding,' Pickett Pro Rodeo owner Cullen Pickett said. The fair plans to build a temporary 2,500 seat arena, and they hope to pack it every night. It will also be one of the last qualifying events for the National Finals Rodeo in Las Vegas. Students present projects at Smith County Junior Livestock Show 'There's going to be a lot of world champions here, there's going to be a lot of decisions made about who goes to the National Finals Rodeo from this rodeo here,' Pickett said. When it came to choosing the dates for the rodeo, the president of the East Texas State Fair said the goal is to attract more people from start to finish. 'On the second weekend is when we really hit max capacity, so we know we are prepared to handle an additional 2500 visitors based on what we do in the second weekend of the fair,' East Texas State Fair president/CEO Cody Rosenbalm said. He added that the rodeo will bring extra weekend of business for the city. 'I know the impact of rodeo in East Texas is going to be phenomenal,' City of Tyler Mayor Don Warren said. The East Texas State Fair will run from Sept. 19 through Sept. 28, with the rodeo kicking things off during the first three days. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
