Casey’s General Stores (NASDAQ:CASY) Given New $294.00 Price Target at Deutsche Bank Aktiengesellschaft

Casey’s General Stores (NASDAQ:CASY – Get Rating) had its price target increased by Deutsche Bank Aktiengesellschaft from $285.00 to $294.00 in a research report released on Thursday, The Fly reports. They currently have a buy rating on the stock.

CASY has been the subject of several other reports. Credit Suisse Group began coverage on Casey’s General Stores in a research note on Monday, December 19th. They issued a neutral rating and a $254.00 price target for the company. JPMorgan Chase & Co. upgraded Casey’s General Stores from an underweight rating to a neutral rating and upped their price target for the stock from $173.00 to $211.00 in a research note on Friday, March 3rd. Royal Bank of Canada upped their price target on Casey’s General Stores from $268.00 to $273.00 and gave the stock a sector perform rating in a research note on Wednesday, March 8th. Northcoast Research downgraded Casey’s General Stores from a buy rating to a neutral rating in a research note on Thursday, December 8th. Finally, Stephens restated an overweight rating and issued a $280.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 8th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $259.44.

Casey’s General Stores Trading Down 2.8 %

Shares of NASDAQ:CASY opened at $211.72 on Thursday. The stock has a 50 day moving average of $221.36 and a 200 day moving average of $222.79. The company has a market cap of $7.89 billion, a PE ratio of 17.60 and a beta of 0.82. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.63. Casey’s General Stores has a 12-month low of $174.05 and a 12-month high of $249.90.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.53. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.35 billion. Casey’s General Stores had a return on equity of 18.02% and a net margin of 2.96%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 EPS. As a group, equities research analysts expect that Casey’s General Stores will post 11.6 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, April 28th. This represents a $1.52 annualized dividend and a yield of 0.72%. Casey’s General Stores’s payout ratio is presently 12.64%.

Institutional Trading of Casey’s General Stores

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Money Concepts Capital Corp raised its holdings in Casey’s General Stores by 62.7% during the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock valued at $27,000 after buying an additional 47 shares during the period. Column Capital Advisors LLC raised its holdings in Casey’s General Stores by 16.6% during the 4th quarter. Column Capital Advisors LLC now owns 345 shares of the company’s stock valued at $77,000 after buying an additional 49 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Casey’s General Stores by 4.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 1,236 shares of the company’s stock valued at $277,000 after buying an additional 49 shares during the period. Steph & Co. raised its holdings in Casey’s General Stores by 3.0% during the 3rd quarter. Steph & Co. now owns 1,705 shares of the company’s stock valued at $345,000 after buying an additional 50 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in Casey’s General Stores by 4.4% during the 3rd quarter. Personal CFO Solutions LLC now owns 1,294 shares of the company’s stock valued at $262,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 84.74% of the company’s stock.

About Casey’s General Stores

(Get Rating)

Casey’s General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.