Casey’s General Stores (NASDAQ:CASY) had its price objective raised by Royal Bank of Canada from $120.00 to $125.00 in a research note published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a sector perform rating on the stock.

CASY has been the subject of a number of other reports. Zacks Investment Research raised Casey’s General Stores from a sell rating to a hold rating in a report on Thursday, June 14th. Deutsche Bank decreased their price objective on Casey’s General Stores from $120.00 to $116.00 and set a buy rating for the company in a report on Wednesday, June 13th. BidaskClub lowered Casey’s General Stores from a buy rating to a hold rating in a report on Tuesday, August 28th. Northcoast Research reissued a neutral rating on shares of Casey’s General Stores in a report on Tuesday, June 5th. Finally, Jefferies Financial Group set a $134.00 price objective on Casey’s General Stores and gave the stock a buy rating in a report on Wednesday, August 22nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $132.78.

Shares of CASY stock opened at $127.78 on Tuesday. Casey’s General Stores has a 12-month low of $90.42 and a 12-month high of $130.50. The company has a market capitalization of $4.69 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 3.09 and a beta of 0.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.31.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 10th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.23. Casey’s General Stores had a return on equity of 12.38% and a net margin of 3.73%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company posted $1.46 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. equities research analysts forecast that Casey’s General Stores will post 4.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.16 dividend on an annualized basis and a yield of 0.91%. Casey’s General Stores’s dividend payout ratio (DPR) is 30.45%.

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

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Casey’s General Stores by 2.4% during the 2nd quarter. BlackRock Inc. now owns 3,152,172 shares of the company’s stock valued at $331,231,000 after acquiring an additional 75,313 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Casey’s General Stores by 14.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,376,978 shares of the company’s stock valued at $144,692,000 after acquiring an additional 174,842 shares during the last quarter. Iridian Asset Management LLC CT lifted its position in shares of Casey’s General Stores by 16.9% during the 1st quarter. Iridian Asset Management LLC CT now owns 1,277,835 shares of the company’s stock valued at $140,268,000 after acquiring an additional 184,641 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Casey’s General Stores by 5.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 666,602 shares of the company’s stock valued at $70,046,000 after acquiring an additional 36,588 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Casey’s General Stores by 43.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 658,071 shares of the company’s stock valued at $69,152,000 after acquiring an additional 198,263 shares during the last quarter. Institutional investors own 95.71% of the company’s stock.

Casey’s General Stores Company Profile

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

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