Casey’s General Stores (NASDAQ:CASY) Given New $169.00 Price Target at JPMorgan Chase & Co.

Casey’s General Stores (NASDAQ:CASY) had its price target hoisted by JPMorgan Chase & Co. from $152.00 to $169.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on CASY. Gabelli downgraded Casey’s General Stores from a buy rating to a hold rating in a research report on Wednesday, August 7th. Wells Fargo & Co boosted their price objective on Casey’s General Stores from $145.00 to $165.00 and gave the stock a market perform rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on Casey’s General Stores to $170.00 and gave the stock a market perform rating in a research report on Wednesday. Deutsche Bank boosted their price objective on Casey’s General Stores from $166.00 to $185.00 and gave the stock a buy rating in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada downgraded Casey’s General Stores from a sector perform rating to an underperform rating and boosted their price objective for the stock from $144.00 to $158.00 in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $172.00.

Shares of NASDAQ CASY traded up $1.18 during midday trading on Thursday, hitting $170.98. 330,774 shares of the company’s stock were exchanged, compared to its average volume of 338,992. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.23. The stock’s 50 day moving average price is $167.08 and its 200-day moving average price is $145.70. The firm has a market cap of $6.34 billion, a P/E ratio of 31.03, a PEG ratio of 3.24 and a beta of 0.55. Casey’s General Stores has a twelve month low of $116.23 and a twelve month high of $173.31.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.28. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 earnings per share. On average, analysts expect that Casey’s General Stores will post 6.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 0.75%. Casey’s General Stores’s dividend payout ratio (DPR) is 23.23%.

In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total value of $625,920.00. Following the completion of the sale, the senior vice president now directly owns 14,817 shares in the company, valued at $2,318,564.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Lynn Horak sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $154.55, for a total value of $463,650.00. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Several large investors have recently made changes to their positions in CASY. Nuveen Asset Management LLC lifted its position in shares of Casey’s General Stores by 1,322.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 417,519 shares of the company’s stock valued at $65,129,000 after acquiring an additional 388,168 shares during the last quarter. Carillon Tower Advisers Inc. lifted its position in shares of Casey’s General Stores by 29.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock valued at $129,553,000 after acquiring an additional 187,330 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Casey’s General Stores by 320.4% during the 2nd quarter. AQR Capital Management LLC now owns 194,800 shares of the company’s stock valued at $30,387,000 after acquiring an additional 148,466 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $22,867,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $19,110,000. Institutional investors own 87.60% of the company’s stock.

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.

Featured Article: Are all No-Load Funds Equal?

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

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit