Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $460.00

Casey’s General Stores (NASDAQ:CASY) had its price target increased by Evercore ISI from $450.00 to $460.00 in a research report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

CASY has been the subject of several other reports. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. BMO Capital Markets restated a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Finally, Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $449.17 on Tuesday. The firm’s fifty day simple moving average is $416.64 and its 200-day simple moving average is $404.57. Casey’s General Stores has a 12 month low of $306.45 and a 12 month high of $458.92. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the business posted $2.33 earnings per share. Casey’s General Stores’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities analysts forecast that Casey’s General Stores will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos purchased 256 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Institutional Trading of Casey’s General Stores

A number of large investors have recently made changes to their positions in CASY. Sanctuary Advisors LLC lifted its holdings in Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after purchasing an additional 3,065 shares in the last quarter. JLB & Associates Inc. raised its position in shares of Casey’s General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after buying an additional 749 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Casey’s General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock valued at $21,131,000 after buying an additional 4,458 shares during the period. South Dakota Investment Council boosted its position in Casey’s General Stores by 28.0% during the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Casey’s General Stores in the 4th quarter worth approximately $45,224,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

About Casey’s General Stores

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.