Barclays PLC initiated coverage on shares of Casey’s General Stores Inc. (NASDAQ:CASY) in a research note released on Thursday morning. The brokerage issued an equal weight rating and a $116.00 price target on the stock.

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

A number of other research analysts have also commented on the company. Goldman Sachs Group Inc. upgraded Casey’s General Stores from a neutral rating to a buy rating and upped their price target for the stock from $123.00 to $145.00 in a report on Wednesday, June 29th. Bank of America Corp. started coverage on Casey’s General Stores in a report on Monday, July 25th. They set a buy rating and a $150.00 price target for the company. Royal Bank Of Canada upped their price target on Casey’s General Stores from $139.00 to $145.00 and gave the stock an outperform rating in a report on Thursday, September 1st. 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 report on Tuesday, June 7th. Finally, Deutsche Bank AG upped their price target on Casey’s General Stores from $130.00 to $141.00 and gave the stock a buy rating in a report on Friday, August 19th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $136.20.

Casey’s General Stores (NASDAQ:CASY) opened at 119.70 on Thursday. The firm has a market cap of $4.69 billion, a P/E ratio of 20.42 and a beta of 0.50. Casey’s General Stores has a one year low of $98.80 and a one year high of $136.22. The stock’s 50 day moving average is $128.35 and its 200 day moving average is $120.86.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, September 6th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by $0.11. Casey’s General Stores had a return on equity of 21.62% and a net margin of 3.29%. The business had revenue of $1.97 billion for the quarter. During the same period in the previous year, the business posted $1.57 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Casey’s General Stores will post $5.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, October 28th. This represents a $0.96 annualized dividend and a yield of 0.80%. Casey’s General Stores’s dividend payout ratio is currently 16.38%.

In other Casey’s General Stores news, SVP Julia L. Jackowski sold 3,000 shares of the stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $127.75, for a total transaction of $383,250.00. Following the completion of the transaction, the senior vice president now directly owns 21,939 shares in the company, valued at $2,802,707.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard A. Wilkey acquired 340 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were bought at an average price of $117.80 per share, with a total value of $40,052.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at $1,767,000. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $132,000. IFP Advisors Inc boosted its stake in shares of Casey’s General Stores by 179.3% in the first quarter. IFP Advisors Inc now owns 1,271 shares of the company’s stock valued at $144,000 after buying an additional 816 shares during the last quarter. Calamos Wealth Management LLC acquired a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $205,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $211,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $221,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

About Casey’s General Stores

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.

5 Day Chart for NASDAQ:CASY

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