Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $454.00 at Deutsche Bank Aktiengesellschaft

Casey’s General Stores (NASDAQ:CASY) had its price objective boosted by analysts at Deutsche Bank Aktiengesellschaft from $451.00 to $454.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 10.29% from the stock’s previous close.

CASY has been the topic of a number of other research reports. Gordon Haskett assumed coverage on Casey’s General Stores in a research note on Monday. They issued a “hold” rating and a $400.00 target price on the stock. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a research note on Thursday, July 11th. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Benchmark reissued a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, Melius Research started coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average target price of $408.25.

Casey’s General Stores Stock Up 3.7 %

Shares of CASY traded up $14.74 during trading hours on Wednesday, reaching $411.64. The company’s stock had a trading volume of 49,168 shares, compared to its average volume of 269,465. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 29.87 and a beta of 0.79. The company has a 50 day moving average of $379.15 and a two-hundred day moving average of $364.67. Casey’s General Stores has a 1-year low of $266.56 and a 1-year high of $415.00.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.52 EPS. As a group, research analysts predict that Casey’s General Stores will post 14.01 EPS for the current fiscal year.

Insider Transactions at Casey’s General Stores

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Mike Spanos bought 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Casey’s General Stores

Several institutional investors have recently made changes to their positions in the business. First Trust Direct Indexing L.P. bought a new position in Casey’s General Stores during the first quarter worth about $212,000. Norden Group LLC bought a new position in Casey’s General Stores during the 1st quarter valued at about $320,000. Private Advisor Group LLC boosted its position in Casey’s General Stores by 3.5% in the first quarter. Private Advisor Group LLC now owns 3,426 shares of the company’s stock valued at $1,091,000 after buying an additional 117 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Casey’s General Stores by 46.1% during the first quarter. Janney Montgomery Scott LLC now owns 8,309 shares of the company’s stock worth $2,646,000 after buying an additional 2,620 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Casey’s General Stores by 0.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,477 shares of the company’s stock worth $10,342,000 after acquiring an additional 284 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

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. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.