Casey’s General Stores Inc. (NASDAQ:CASY) gapped up before the market opened on Thursday . The stock had previously closed at $132.05, but opened at $132.32. Casey’s General Stores shares last traded at $134.28, with a volume of 136,791 shares changing hands.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and set a $118.00 price target (up from $115.00) on shares of Casey’s General Stores in a research report on Wednesday, June 8th. Jefferies Group reiterated a “hold” rating and set a $113.00 price target (up from $102.00) on shares of Casey’s General Stores in a research report on Tuesday, June 7th. Bank of America Corp. assumed coverage on Casey’s General Stores in a research report on Monday, July 25th. They set a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research upgraded Casey’s General Stores from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, May 10th. Finally, Goldman Sachs Group Inc. upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $123.00 to $145.00 in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Casey’s General Stores presently has a consensus rating of “Buy” and an average target price of $129.89.

The firm’s 50-day moving average is $132.45 and its 200 day moving average is $118.20. The firm has a market capitalization of $5.26 billion and a P/E ratio of 23.45.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, June 6th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.03. During the same period in the previous year, the firm earned $1.05 earnings per share. The firm had revenue of $1.58 billion for the quarter. The firm’s revenue was down 4.3% on a year-over-year basis. Analysts anticipate that Casey’s General Stores Inc. will post $5.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, July 28th. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.22.

In other news, SVP Cindi Webb Summers sold 1,163 shares of the stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $117.04, for a total value of $136,117.52. Following the completion of the transaction, the senior vice president now directly owns 1,771 shares in the company, valued at $207,277.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey M. Lamberti sold 4,000 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $119.12, for a total transaction of $476,480.00. Following the completion of the transaction, the director now owns 32,875 shares of the company’s stock, valued at $3,916,070. The disclosure for this sale can be found here.

Other hedge funds have modified their holdings of the company. New York State Common Retirement Fund boosted its stake in shares of Casey’s General Stores by 3.6% in the fourth quarter. New York State Common Retirement Fund now owns 37,300 shares of the company’s stock worth $4,493,000 after buying an additional 1,300 shares during the last quarter. Morgan Stanley increased its stake in shares of Casey’s General Stores by 209.4% in the fourth quarter. Morgan Stanley now owns 197,491 shares of the company’s stock valued at $23,788,000 after buying an additional 133,666 shares during the period. Wells Fargo & Company MN increased its stake in shares of Casey’s General Stores by 11.6% in the fourth quarter. Wells Fargo & Company MN now owns 211,828 shares of the company’s stock valued at $25,515,000 after buying an additional 22,054 shares during the period. Principal Financial Group Inc. increased its stake in shares of Casey’s General Stores by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 124,387 shares of the company’s stock valued at $14,983,000 after buying an additional 3,283 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $1,301,000.

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.