Casey’s General Stores, Inc. (NASDAQ:CASY) Receives $424.00 Consensus Target Price from Analysts

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $424.00.

Several brokerages recently weighed in on CASY. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada raised their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

Casey’s General Stores Trading Up 0.1 %

CASY stock opened at $391.51 on Tuesday. Casey’s General Stores has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. The business has a fifty day moving average price of $408.49 and a 200 day moving average price of $389.02. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 2.20 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.24 EPS. Analysts expect that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Casey’s General Stores

Institutional investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in Casey’s General Stores in the 2nd quarter valued at $209,000. American Century Companies Inc. raised its holdings in Casey’s General Stores by 189.1% during the second quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock worth $50,509,000 after acquiring an additional 86,582 shares in the last quarter. Federated Hermes Inc. raised its holdings in Casey’s General Stores by 6.8% during the second quarter. Federated Hermes Inc. now owns 4,275 shares of the company’s stock worth $1,631,000 after acquiring an additional 273 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Casey’s General Stores by 14.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,910 shares of the company’s stock valued at $2,637,000 after purchasing an additional 875 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Casey’s General Stores by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after purchasing an additional 77,515 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.