Stephens Analysts Give Casey's General Stores (CASY) a $150.00 Price Target

Casey's General Stores (NASDAQ:CASY) received a $150.00 target price from analysts at Stephens in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Stephens’ target price would indicate a potential upside of 22.74% from the stock’s current price.

CASY has been the topic of a number of other reports. BidaskClub upgraded shares of Casey's General Stores from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded shares of Casey's General Stores from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Raymond James Financial restated a “market perform” rating on shares of Casey's General Stores in a research note on Wednesday, December 6th. Royal Bank of Canada restated a “hold” rating on shares of Casey's General Stores in a research note on Friday, December 8th. Finally, Barclays restated a “hold” rating on shares of Casey's General Stores in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Casey's General Stores currently has an average rating of “Hold” and a consensus price target of $119.44.

Shares of Casey's General Stores (NASDAQ:CASY) traded up $2.13 during trading hours on Friday, reaching $122.21. 337,600 shares of the company’s stock were exchanged, compared to its average volume of 632,025. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.23 and a quick ratio of 0.72. The stock has a market capitalization of $4,590.00, a price-to-earnings ratio of 29.95, a PEG ratio of 2.26 and a beta of 0.46. Casey's General Stores has a one year low of $99.76 and a one year high of $125.35.

Casey's General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.12). The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share. equities analysts forecast that Casey's General Stores will post 4.13 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its stake in shares of Casey's General Stores by 34.9% during the third quarter. Brown Advisory Inc. now owns 513,007 shares of the company’s stock worth $56,149,000 after buying an additional 132,694 shares during the period. Janus Henderson Group PLC acquired a new position in Casey's General Stores in the second quarter valued at approximately $162,421,000. Bank of New York Mellon Corp boosted its holdings in Casey's General Stores by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 504,745 shares of the company’s stock valued at $55,244,000 after purchasing an additional 1,487 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Casey's General Stores by 4.6% in the second quarter. New York State Common Retirement Fund now owns 147,865 shares of the company’s stock valued at $15,838,000 after purchasing an additional 6,444 shares in the last quarter. Finally, Engine Capital Management LLC boosted its holdings in Casey's General Stores by 46.5% in the third quarter. Engine Capital Management LLC now owns 2,930 shares of the company’s stock valued at $321,000 after purchasing an additional 930 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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Casey's General Stores Company Profile

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.

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