Analysts Set Casey’s General Stores Inc (NASDAQ:CASY) PT at $174.67

Shares of Casey’s General Stores Inc (NASDAQ:CASY) have been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $175.56.

A number of equities analysts have commented on the company. BidaskClub lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada lowered Casey’s General Stores from a “sector perform” rating to an “underperform” rating and raised their price objective for the stock from $144.00 to $158.00 in a research note on Thursday, August 29th. JPMorgan Chase & Co. raised their price objective on Casey’s General Stores from $152.00 to $169.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Jefferies Financial Group set a $192.00 target price on Casey’s General Stores and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Barclays raised their target price on Casey’s General Stores from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th.

In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 4,000 shares of Casey’s General Stores stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total transaction of $625,920.00. Following the transaction, the senior vice president now directly owns 14,817 shares of the company’s stock, valued at approximately $2,318,564.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC raised its position in shares of Casey’s General Stores by 1,322.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 417,519 shares of the company’s stock worth $65,129,000 after acquiring an additional 388,168 shares in the last quarter. Carillon Tower Advisers Inc. increased its position in Casey’s General Stores by 29.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock valued at $129,553,000 after buying an additional 187,330 shares in the last quarter. AQR Capital Management LLC increased its position in Casey’s General Stores by 320.4% in the 2nd quarter. AQR Capital Management LLC now owns 194,800 shares of the company’s stock valued at $30,387,000 after buying an additional 148,466 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Casey’s General Stores in the 2nd quarter valued at about $22,867,000. Finally, Canada Pension Plan Investment Board bought a new stake in Casey’s General Stores in the 2nd quarter valued at about $19,110,000. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores stock traded down $1.23 during mid-day trading on Friday, reaching $163.99. 137,112 shares of the company were exchanged, compared to its average volume of 392,363. The company has a fifty day simple moving average of $167.74 and a 200-day simple moving average of $146.82. Casey’s General Stores has a 12 month low of $116.23 and a 12 month high of $173.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.29. The firm has a market cap of $6.11 billion, a PE ratio of 29.76, a PEG ratio of 2.93 and a beta of 0.55.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 9th. The company reported $2.31 EPS for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.28. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the company earned $1.90 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that Casey’s General Stores will post 6.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, October 31st. Casey’s General Stores’s payout ratio is presently 23.23%.

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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