Brokerages Set Casey’s General Stores, Inc. (NASDAQ:CASY) Price Target at $285.22

Casey’s General Stores, Inc. (NASDAQ:CASYGet Free Report) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $285.22.

Several analysts have commented on CASY shares. Royal Bank of Canada increased their target price on Casey’s General Stores from $291.00 to $296.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 12th. Benchmark reiterated a “buy” rating and set a $312.00 target price on shares of Casey’s General Stores in a research note on Wednesday, January 17th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. BMO Capital Markets downgraded Casey’s General Stores from an “outperform” rating to a “market perform” rating and set a $290.00 price target on the stock. in a research note on Friday, December 8th. Finally, Stephens raised their price target on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th.

Check Out Our Latest Stock Report on Casey’s General Stores

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $274.74 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $10.20 billion, a P/E ratio of 21.26, a PEG ratio of 2.05 and a beta of 0.79. The stock’s 50 day moving average is $277.91 and its 200 day moving average is $267.80. Casey’s General Stores has a twelve month low of $202.13 and a twelve month high of $291.51.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last posted its quarterly earnings results on Tuesday, December 12th. The company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.44. Casey’s General Stores had a return on equity of 17.28% and a net margin of 3.32%. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the business posted $3.67 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores will post 12.64 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.43 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $1.72 dividend on an annualized basis and a yield of 0.63%. Casey’s General Stores’s dividend payout ratio is currently 13.31%.

Insider Buying and Selling

In related news, Director Mike Spanos bought 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were bought at an average cost of $275.43 per share, with a total value of $199,686.75. Following the acquisition, the director now owns 1,791 shares in the company, valued at $493,295.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Thomas P. Brennan, Jr. sold 1,430 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $276.11, for a total value of $394,837.30. Following the transaction, the insider now directly owns 7,375 shares in the company, valued at $2,036,311.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos acquired 725 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was acquired at an average price of $275.43 per share, for a total transaction of $199,686.75. Following the completion of the transaction, the director now directly owns 1,791 shares of the company’s stock, valued at $493,295.13. The disclosure for this purchase can be found here. 0.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Casey’s General Stores

Several large investors have recently made changes to their positions in CASY. Alaska Permanent Fund Corp purchased a new position in shares of Casey’s General Stores in the second quarter valued at about $25,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Casey’s General Stores by 100.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 106 shares of the company’s stock worth $26,000 after buying an additional 53 shares in the last quarter. Money Concepts Capital Corp lifted its position in shares of Casey’s General Stores by 62.7% in the fourth quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock worth $27,000 after buying an additional 47 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth about $29,000. Finally, Global Retirement Partners LLC lifted its position in shares of Casey’s General Stores by 49.4% in the second quarter. Global Retirement Partners LLC now owns 124 shares of the company’s stock worth $30,000 after buying an additional 41 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

About Casey’s General Stores

(Get Free Report

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 pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

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

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