Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $250.00 at Royal Bank of Canada

Casey’s General Stores (NASDAQ:CASYGet Rating) had its price target lifted by Royal Bank of Canada from $238.00 to $250.00 in a report published on Thursday, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other equities research analysts also recently commented on CASY. StockNews.com raised shares of Casey’s General Stores from a buy rating to a strong-buy rating in a research report on Monday, July 11th. Stephens lifted their target price on shares of Casey’s General Stores from $230.00 to $250.00 and gave the stock an overweight rating in a research report on Thursday, August 18th. Benchmark assumed coverage on shares of Casey’s General Stores in a research report on Monday, July 18th. They issued a buy rating and a $230.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Casey’s General Stores from $255.00 to $276.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Wolfe Research assumed coverage on shares of Casey’s General Stores in a research report on Wednesday, August 17th. They issued an outperform rating and a $228.00 target price for the company. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of Buy and an average price target of $244.56.

Casey’s General Stores Price Performance

Shares of CASY opened at $219.90 on Thursday. The company has a market capitalization of $8.19 billion, a P/E ratio of 24.19 and a beta of 0.79. The company has a quick ratio of 0.36, a current ratio of 0.80 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $205.90 and a 200 day moving average of $200.13. Casey’s General Stores has a twelve month low of $170.82 and a twelve month high of $222.40.

Casey’s General Stores (NASDAQ:CASYGet Rating) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.98. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a net margin of 2.62% and a return on equity of 15.84%. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. As a group, equities research analysts anticipate that Casey’s General Stores will post 9.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CASY. First Republic Investment Management Inc. lifted its stake in shares of Casey’s General Stores by 7.9% during the 4th quarter. First Republic Investment Management Inc. now owns 2,808 shares of the company’s stock valued at $554,000 after buying an additional 206 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Casey’s General Stores by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 467,718 shares of the company’s stock valued at $92,301,000 after buying an additional 17,699 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Casey’s General Stores by 45.8% during the 4th quarter. Lazard Asset Management LLC now owns 468 shares of the company’s stock valued at $92,000 after buying an additional 147 shares in the last quarter. AlphaCrest Capital Management LLC lifted its stake in shares of Casey’s General Stores by 72.5% during the 4th quarter. AlphaCrest Capital Management LLC now owns 2,893 shares of the company’s stock valued at $571,000 after buying an additional 1,216 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Casey’s General Stores by 86.1% in the 4th quarter. BNP Paribas Arbitrage SA now owns 13,280 shares of the company’s stock worth $2,621,000 after purchasing an additional 6,143 shares in the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.

Casey’s General Stores Company Profile

(Get Rating)

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items.

Recommended Stories

The Fly logo

Analyst Recommendations for Casey's General Stores (NASDAQ:CASY)

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.