Analysts Set Casey’s General Stores, Inc. (NASDAQ:CASY) Price Target at $307.56

Shares of Casey’s General Stores, Inc. (NASDAQ:CASYGet Free Report) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $307.56.

Several research firms have recently weighed in on CASY. Royal Bank of Canada upped their price objective 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. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets upped their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Stephens lifted their target price on shares of Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, Evercore ISI dropped their price target on Casey’s General Stores from $345.00 to $342.00 and set an “outperform” rating for the company in a report on Wednesday, March 13th.

Get Our Latest Research Report on CASY

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos bought 725 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were bought at an average cost of $275.43 per share, for a total transaction of $199,686.75. Following the completion of the acquisition, the director now owns 1,791 shares in the company, valued at approximately $493,295.13. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Institutional Trading of Casey’s General Stores

Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Casey’s General Stores by 16.2% in the 1st quarter. American Century Companies Inc. now owns 12,483 shares of the company’s stock worth $2,474,000 after purchasing an additional 1,736 shares during the period. Private Advisor Group LLC lifted its stake in Casey’s General Stores by 13.5% in the 1st quarter. Private Advisor Group LLC now owns 2,478 shares of the company’s stock valued at $491,000 after acquiring an additional 294 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Casey’s General Stores by 3.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company’s stock valued at $344,000 after purchasing an additional 54 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Casey’s General Stores by 9.8% in the first quarter. Great West Life Assurance Co. Can now owns 21,127 shares of the company’s stock valued at $4,311,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in Casey’s General Stores by 1.9% in the 1st quarter. Yousif Capital Management LLC now owns 15,024 shares of the company’s stock valued at $2,977,000 after buying an additional 273 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $316.59 on Wednesday. The company’s fifty day moving average is $291.61 and its two-hundred day moving average is $279.60. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 2.52 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. Casey’s General Stores has a 52-week low of $205.42 and a 52-week high of $319.98.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. Casey’s General Stores’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.36 earnings per share. Equities research analysts forecast that Casey’s General Stores will post 12.86 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 13.67%.

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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