Wells Fargo & Company Increases Casey’s General Stores (NASDAQ:CASY) Price Target to $725.00

Casey’s General Stores (NASDAQ:CASY) had its price target raised by equities research analysts at Wells Fargo & Company from $625.00 to $725.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 6.44% from the stock’s current price.

CASY has been the topic of a number of other research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research note on Wednesday, December 10th. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. KeyCorp reissued an “overweight” rating and set a $700.00 price objective on shares of Casey’s General Stores in a report on Thursday, February 12th. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $662.00 price target on shares of Casey’s General Stores in a research report on Friday, January 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $631.00.

Casey’s General Stores Price Performance

Shares of CASY stock traded down $4.43 during trading on Monday, hitting $681.16. The company had a trading volume of 82,922 shares, compared to its average volume of 375,670. Casey’s General Stores has a 52 week low of $372.08 and a 52 week high of $690.00. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.65. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average is $621.30 and its two-hundred day moving average is $568.80.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.85 EPS. As a group, analysts predict that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Insider Transactions at Casey’s General Stores

In related news, Director Moats Maria Castanon purchased 300 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Casey’s General Stores

A number of institutional investors have recently made changes to their positions in CASY. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Casey’s General Stores during the third quarter valued at about $25,000. Westside Investment Management Inc. grew its holdings in shares of Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after acquiring an additional 23 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC raised its position in shares of Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Finally, Nvwm LLC purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.