Casey’s General Stores (NASDAQ:CASY) had its price target increased by Deutsche Bank to $142.00 in a research report released on Wednesday, The Fly reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on CASY. BidaskClub raised shares of Casey’s General Stores from a sell rating to a hold rating in a research note on Friday, June 22nd. Wells Fargo & Co boosted their price objective on shares of Casey’s General Stores from $97.00 to $120.00 and gave the stock a market perform rating in a research note on Wednesday. Zacks Investment Research raised Casey’s General Stores from a sell rating to a hold rating in a research report on Thursday, June 14th. Royal Bank of Canada upped their price target on Casey’s General Stores from $120.00 to $125.00 and gave the stock a sector perform rating in a research report on Tuesday. Finally, BMO Capital Markets set a $125.00 price target on Casey’s General Stores and gave the stock a hold rating in a research report on Wednesday. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Casey’s General Stores currently has an average rating of Hold and a consensus target price of $132.78.

Shares of NASDAQ:CASY opened at $128.24 on Wednesday. The company has a market capitalization of $4.57 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 3.01 and a beta of 0.55. Casey’s General Stores has a 52 week low of $90.42 and a 52 week high of $130.50. The company has a quick ratio of 0.31, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 10th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.23. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. Casey’s General Stores’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. sell-side analysts predict that Casey’s General Stores will post 4.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, October 31st. Casey’s General Stores’s payout ratio is presently 30.45%.

In related news, insider Terry W. Handley sold 1,342 shares of the company’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $100.12, for a total value of $134,361.04. Following the transaction, the insider now directly owns 33,287 shares of the company’s stock, valued at approximately $3,332,694.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brian Joseph Johnson sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $127.43, for a total value of $191,145.00. Following the completion of the transaction, the senior vice president now directly owns 10,471 shares in the company, valued at $1,334,319.53. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aristotle Atlantic Partners LLC increased its position in shares of Casey’s General Stores by 33.1% in the 1st quarter. Aristotle Atlantic Partners LLC now owns 2,426 shares of the company’s stock valued at $266,000 after acquiring an additional 603 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Casey’s General Stores by 2.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,087 shares of the company’s stock valued at $2,535,000 after acquiring an additional 637 shares during the period. Arizona State Retirement System increased its position in shares of Casey’s General Stores by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 26,060 shares of the company’s stock valued at $2,738,000 after acquiring an additional 637 shares during the period. Macquarie Group Ltd. increased its position in shares of Casey’s General Stores by 0.6% in the 2nd quarter. Macquarie Group Ltd. now owns 121,063 shares of the company’s stock valued at $12,721,000 after acquiring an additional 664 shares during the period. Finally, Financial Counselors Inc. increased its position in shares of Casey’s General Stores by 2.5% in the 2nd quarter. Financial Counselors Inc. now owns 30,927 shares of the company’s stock valued at $3,250,000 after acquiring an additional 746 shares during the period. 95.71% of the stock is currently owned by hedge funds and other institutional investors.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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The Fly

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

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