Casey’s General Stores (NASDAQ:CASY) Stock Rating Upgraded by StockNews.com

Casey’s General Stores (NASDAQ:CASY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Other analysts have also recently issued reports about the company. Royal Bank of Canada lifted their price target 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. Evercore ISI boosted their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Trading Up 0.1 %

CASY stock opened at $426.21 on Tuesday. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.46 and a beta of 0.83. The company has a fifty day moving average price of $410.62 and a two-hundred day moving average price of $396.28. Casey’s General Stores has a one year low of $286.46 and a one year high of $445.17. 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 announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.24 EPS. Equities analysts anticipate that Casey’s General Stores will post 13.94 EPS for the current year.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now directly owns 2,247 shares in the company, valued at $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 owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. YANKCOM Partnership bought a new position in shares of Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. bought a new position in Casey’s General Stores during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at $76,000. 85.63% of the stock is owned by institutional investors and hedge funds.

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.