Casey’s General Stores (NASDAQ:CASY) had its price objective boosted by stock analysts at Wells Fargo & Co from $145.00 to $165.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Co‘s price objective suggests a potential downside of 3.49% from the company’s current price.
Several other equities analysts also recently commented on CASY. JPMorgan Chase & Co. upped their price objective on shares of Casey’s General Stores from $140.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, June 14th. BidaskClub downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 4th. Sidoti upped their price objective on shares of Casey’s General Stores from $147.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Barclays upped their price objective on shares of Casey’s General Stores from $123.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, June 12th. Finally, Deutsche Bank upped their price objective on shares of Casey’s General Stores from $166.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Casey’s General Stores has an average rating of “Hold” and a consensus price target of $172.00.
CASY traded up $1.16 during trading on Wednesday, reaching $170.96. 4,795 shares of the stock were exchanged, compared to its average volume of 388,886. The stock has a market cap of $6.34 billion, a P/E ratio of 30.97, a price-to-earnings-growth 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. The stock’s 50 day moving average price is $167.08 and its two-hundred day moving average price is $145.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.23 and a current ratio of 0.76.
Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, September 9th. The company reported $2.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.28. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.55%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts predict that Casey’s General Stores will post 6.04 earnings per share for the current fiscal year.
In related news, SVP Brian Joseph Johnson sold 4,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the sale, the senior vice president now owns 14,817 shares of the company’s stock, valued at $2,318,564.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H Lynn Horak sold 3,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $154.55, for a total transaction of $463,650.00. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dearborn Partners LLC lifted its position in Casey’s General Stores by 4.5% during the second quarter. Dearborn Partners LLC now owns 170,761 shares of the company’s stock worth $26,637,000 after purchasing an additional 7,409 shares during the period. NN Investment Partners Holdings N.V. bought a new position in shares of Casey’s General Stores in the second quarter worth about $325,000. TD Asset Management Inc. lifted its holdings in shares of Casey’s General Stores by 4.7% in the first quarter. TD Asset Management Inc. now owns 89,230 shares of the company’s stock worth $11,490,000 after acquiring an additional 3,970 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Casey’s General Stores in the first quarter worth about $5,461,000. Finally, Carillon Tower Advisers Inc. lifted its holdings in shares of Casey’s General Stores by 29.1% in the second quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock worth $129,553,000 after acquiring an additional 187,330 shares during the last quarter. 87.60% of the stock is 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. 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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