Casey’s General Stores (NASDAQ:CASY) had its target price raised by Wells Fargo & Co from $97.00 to $120.00 in a report released on Wednesday morning, The Fly reports. They currently have a market perform rating on the stock.

CASY has been the subject of a number of other research reports. BMO Capital Markets lifted their price target on shares of Casey’s General Stores from $92.00 to $96.00 and gave the stock a hold rating in a research note on Thursday, August 23rd. BidaskClub upgraded shares of Casey’s General Stores from a hold rating to a buy rating in a research note on Friday, September 7th. Stephens set a $137.00 price target on shares of Casey’s General Stores and gave the stock a buy rating in a research note on Wednesday. ValuEngine upgraded shares of Casey’s General Stores from a hold rating to a buy rating in a research note on Wednesday, August 22nd. Finally, Jefferies Financial Group set a $134.00 price target on shares of Casey’s General Stores and gave the stock a buy rating in a research note on Wednesday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $132.78.

Shares of CASY stock opened at $126.11 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $4.69 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 3.09 and a beta of 0.55. Casey’s General Stores has a fifty-two week low of $90.42 and a fifty-two week high of $130.50.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, September 10th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.23. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. research analysts predict that Casey’s General Stores will post 4.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a $0.29 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $1.16 dividend on an annualized basis and a yield of 0.92%. Casey’s General Stores’s dividend payout ratio is currently 30.45%.

In other news, SVP Brian Joseph Johnson sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $127.43, for a total transaction of $191,145.00. Following the completion of the sale, the senior vice president now owns 10,471 shares in the company, valued at approximately $1,334,319.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terry W. Handley sold 1,342 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 33,287 shares of the company’s stock, valued at approximately $3,332,694.44. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Olstein Capital Management L.P. lifted its position in shares of Casey’s General Stores by 9.8% during the 2nd quarter. Olstein Capital Management L.P. now owns 51,780 shares of the company’s stock worth $5,441,000 after buying an additional 4,602 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Casey’s General Stores by 32.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,052 shares of the company’s stock worth $635,000 after buying an additional 1,470 shares during the last quarter. BlackRock Inc. lifted its position in shares of Casey’s General Stores by 1.2% during the 1st quarter. BlackRock Inc. now owns 3,076,859 shares of the company’s stock worth $337,749,000 after buying an additional 36,294 shares during the last quarter. Kwmg LLC purchased a new stake in shares of Casey’s General Stores during the 2nd quarter worth approximately $106,000. Finally, Keybank National Association OH lifted its position in shares of Casey’s General Stores by 25.3% during the 2nd quarter. Keybank National Association OH now owns 9,758 shares of the company’s stock worth $1,025,000 after buying an additional 1,970 shares during the last quarter. Institutional investors and hedge funds 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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