What is Sheetz’s stock price, and are they publicly traded? Unfortunately, investors cannot purchase Sheetz shares because they are private companies. However, Casey’s (NASDAQ: CASY), Seven and I (OTC: SVNDY ), and Alimentation Couche-Tard (TSE: ATD) are convenience store stocks that traders can invest in.
If you live on the East Coast of the United States, chances are you’ve been to a Sheetz store. They are convenient and plentiful and provide all the snacks and refreshments you can request. With such minimal options for 24-hour grocery shopping, convenient stores are a saving grace for people who work odd-hour shifts.
As an investor, I’m always looking for businesses that can survive in any economy while used by all socioeconomic classes. Most people need to fill up their cars with gas every week. Chain stores like Sheetz make it easy to be loyal customers, and the markups on convenience store products provide them with healthy profit margins. This article will provide a corporate history of Sheetz and talk about whether Sheetz Stock is a good investment to make.
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Sheetz Introduction (No Stock Symbol)
East Coasters knows all about Sheetz, as it is one of the region’s most prominent convenience store chains. Sheetz was founded in 1952 by G. Robert Sheetz when he purchased a dairy store from his father in Altoona, Pennsylvania.
It is an interesting parallel to another East Coast convenience store chain called Wawa. Both companies were initially founded in the dairy industry, as Wawa started as a Pennsylvania dairy farm.
Sheetz expanded and accelerated once Bob brought on his brother Steve to manage. The pair opened the second location in 1963 and a third in 1968. By 1972, the two brothers had opened 14 locations around Pennsylvania.
In 1973, Sheetz began selling gasoline and established the first self-serve gas pumps in the region. By 1983, there were more than 100 Sheetz locations across the Northeastern United States.
In 1995, Bob’s son Stanton Sheetz took over as company president and the Chairman of the Board. He would later be replaced by Joe Sheetz, Stan’s cousin, in 2013.
Today, Sheetz remains a family-run business with Joe’s son, Travis Sheetz, as the President and CEO of the company. Stanton Sheetz remains the Chairman of the Board, and Joe Sheetz is the Vice Chairman. The Sheetz family’s net worth is well over $2 billion.
As of August 2024, there are more than 650 Sheetz locations across seven states. The company announced that it will be opening its first stores in Michigan in 2025. Most recently, Sheetz cemented itself as an iconic Pennsylvania brand by signing a deal with the MLB‘s Pittsburgh Pirates to have the company’s logo patched on the team’s jerseys.
Is Sheetz a Publicly Traded Company?
Given its iconic status in the Northeastern United States, you might wonder about investing in Sheetz. After all, with a strong brand and over 650 stores, Sheetz has a loyal customer base. Further expansion into states like Michigan is only expanding its total addressable market.
Unfortunately, as of August 2024, Sheetz is not publicly traded. You cannot buy Sheetz stock on any public stock exchange or through any brokerage. Sheetz has been a family-owned business since 1952, and as long as it stays within the Sheetz family, there are no plans to bring the company public via an IPO.
I should clarify this a bit more. There is a way to buy Sheetz stock if you belong to a certain group, and I’ll talk about that next.
Sheetz Employee Stock Ownership
That’s right, you can own Sheetz stock if you are an employee of the brand. Even though Sheetz is a private company, it does offer employees the ability to own a part of the company through an employee stock ownership plan offered to all Sheetz employees.
So, how can you qualify for the Sheetz stock ownership program? First, you need to get a job with the company, anything from a convenience store clerk to an executive position. Next, you must work for Sheetz for at least three years. It’s fairly standard for companies that offer employees the ability to purchase company stock. Sheetz allows employees to own company shares in their 401K retirement plan.
Although Sheetz is not public, it does have a valuation that can dictate the price of the employee shares. The share price of Sheetz stock is not as volatile as publicly traded companies. It is a great incentive for employees to remain with the company and see their ownership in Sheetz grow.
The program is similar to that of other private companies like Wawa. Unlike Sheetz, Wawa allows employees to begin buying Wawa stock once they have worked 1,000 hours in the previous year. Employees must work with Wawa for at least one year before buying shares.
Sheetz Stock Competitors
Yes, investing in convenience stores and gas stations has long been a profitable strategy. Why? These businesses tend to charge higher, marked-up prices for products. Many will trade the convenience of buying these things in one store rather than traveling to different outlets.
Buying gas, snacks, ready-made food, cigarettes, and alcohol in one store is a winning formula. Although you can’t buy Sheetz stock, here are some alternatives for your stock portfolio.
1. Casey’s General Store (NASDAQ: CASY)
Casey’s General Store is one of the largest American convenience store chains. It was established in 1967 and has over 2,500 locations across the country. Casey’s was founded in Iowa and is one of the state’s two Fortune 500 companies.
The convenience stores are known across the midwest as gas stations and are among the leading places to get a good pizza! Casey’s is the fifth-largest pizza chain in the United States.
Not only is Casey a great place to get pizza, but it has also been a great investment for shareholders. Shares of CASY are up by more than 122.5% over the past five years, including 36% alone in 2024.
Casey’s stock trades at a valuation of 0.95x sales and 26.8x future earnings. It also pays a quarterly dividend with an annualized yield of 0.53%.
2. Seven and I Holdings (OTC: SVNDY)
Not all great companies trade in the United States! We head to Japan for our second stock to consider the company Seven and I Holdings.
Westerners will likely know this company as the parent company of 7-Eleven and some other Japanese chains. As of 2024, there are over 20,000 7-Eleven stores in Japan alone, with over 100,000 employees.
How has Seven and I Holdings been as an investment? In the United States, you can buy this stock on the OTC markets under its ticker symbol SVNDY. In Japan, you can trade Seven and I Holdings under its Japanese ticker symbol: TYO:3382.
Over the past five years, 3382 has returned more than 43% to shareholders. The stock is a component of Japan’s TOPIX Core 30 Index, like the Dow Jones Industrial Average.
It tracks the 30 stocks with the highest liquidity and market cap on the TOPIX index. In Japan, 3382 stock also pays a dividend with a yield of 2.28%.
3. Alimentation Couche-Tard (TSE: ATD)
The name is a mouthful, but this French-Canadian convenience store and gas station chain has been one of the best investments on the Toronto Stock Exchange.
This company owns convenience store chains like Couche-Tard, Mac’s, Circle K, and On the Run. Alimentation Couche-Tard owns more than 14,000 stores across 24 different countries worldwide.
I mentioned that ATD has been a great stock for Canadian investors. Shares have gained more than 101% over the past five years and are up by more than 7% in 2024. As of August 2024, it is the twelfth-largest company in Canada by market capitalization and is a component of the S&P/TSX 60 index.
Final Thoughts: Sheetz Stock
Sheetz stock competitors are a good investment. They are some of the best-performing retail stocks on any market. I gave you three incredible stocks from the United States, Japan, and Canada. All three companies operate thousands of convenience stores, providing market-beating returns. Why do convenience stores do well?
As their name suggests, they are convenient, and in today’s world, convenience often beats value in many people’s eyes. With so many ICE cars on the road, gas stations are still necessary. Don’t be surprised if you see convenience stores at electric vehicle charging stations in the future, though!
As for Sheetz, it is a wonderful business with a loyal following. It would be a great investment if it chooses to go public. The Sheetz employees who are a part of the stock ownership plan would agree. Until it goes public, consider the three publicly traded convenience store alternatives I outlined in this article.
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Frequently Asked Questions
As of August 2024, Sheetz is not a public company. You cannot buy Sheetz stock as the Sheetz family privately owns it.
Sort of! Sheetz is privately and family-owned by the Sheetz family. The company has an employee stock ownership program, meaning that employees can buy private shares in the company as investors.
Sheetz is a 72-year-old privately owned company, so there does not seem to be any reason for it to go public. There has been no discussion or desire by the Sheetz family to take the company public, so don’t expect to buy Sheetz stock anytime soon.
Buc-ee’s is a rival of Sheetz, operating across the midwest and southern United States. So far, it has about 50 locations, including some of the largest gas stations in the world. Buc-ee’s is also a privately owned company, so you cannot buy Buc-ee’s stock on the market.
Wawa is another gas station and convenience store to Sheetz and Buc-ee’s. Wawa is also a privately owned and family-owned company. Like Sheetz, Wawa has an employee stock ownership program that allows employees to own a part of the company.
