Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $256.00 at Royal Bank of Canada

Casey’s General Stores (NASDAQ:CASYGet Rating) had its target price hoisted by analysts at Royal Bank of Canada from $250.00 to $256.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 6.41% from the stock’s current price.

Several other equities analysts have also issued reports on CASY. Stephens boosted their price target on shares of Casey’s General Stores from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, November 7th. StockNews.com assumed coverage on shares of Casey’s General Stores in a report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Casey’s General Stores from $276.00 to $269.00 in a research note on Friday, September 9th. Wolfe Research assumed coverage on shares of Casey’s General Stores in a research note on Wednesday, August 17th. They issued an “outperform” rating and a $228.00 target price for the company. Finally, BMO Capital Markets upped their target price on shares of Casey’s General Stores from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, September 9th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $247.63.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $240.59 on Tuesday. Casey’s General Stores has a 12-month low of $170.82 and a 12-month high of $241.28. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 24.08 and a beta of 0.81. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $216.20 and a 200-day moving average of $207.05.

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 (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.23). Casey’s General Stores had a net margin of 2.63% and a return on equity of 16.73%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period last year, the firm earned $3.19 EPS. Casey’s General Stores’s quarterly revenue was up 40.0% on a year-over-year basis. On average, equities research analysts forecast that Casey’s General Stores will post 10.02 earnings per share for the current year.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos purchased 454 shares of the business’s stock in a transaction on Monday, September 12th. The shares were purchased at an average cost of $220.45 per share, with a total value of $100,084.30. Following the transaction, the director now directly owns 454 shares of the company’s stock, valued at approximately $100,084.30. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in shares of Casey’s General Stores in the 1st quarter valued at about $28,000. HBK Sorce Advisory LLC bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $28,000. Ronald Blue Trust Inc. raised its holdings in shares of Casey’s General Stores by 1,200.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the company’s stock valued at $31,000 after purchasing an additional 156 shares during the period. New Millennium Group LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter valued at about $57,000. Finally, Lumature Wealth Partners LLC raised its holdings in shares of Casey’s General Stores by 80.2% in the 1st quarter. Lumature Wealth Partners LLC now owns 310 shares of the company’s stock valued at $61,000 after purchasing an additional 138 shares during the period. 76.68% of the stock is owned by institutional investors.

About Casey’s General Stores

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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.

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