Analysts Set Casey’s General Stores, Inc. (NASDAQ:CASY) Price Target at $430.33

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $430.33.

CASY has been the topic of a number of recent research reports. Stephens raised Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. Evercore ISI raised their target price on Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, KeyCorp began coverage on Casey’s General Stores in a research report on Friday, April 11th. They issued an “overweight” rating and a $500.00 price objective on the stock.

Insiders Place Their Bets

In other news, insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos bought 256 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CASY. Versant Capital Management Inc acquired a new stake in Casey’s General Stores during the first quarter worth about $25,000. Global Financial Private Client LLC increased its position in Casey’s General Stores by 325.0% during the first quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. YANKCOM Partnership acquired a new stake in Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey’s General Stores during the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC increased its position in Casey’s General Stores by 160.0% during the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company’s stock worth $51,000 after purchasing an additional 72 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $454.23 on Thursday. Casey’s General Stores has a 1-year low of $313.67 and a 1-year high of $468.88. 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 business has a fifty day moving average price of $423.87 and a 200-day moving average price of $414.09. The company has a market capitalization of $16.86 billion, a PE ratio of 31.65, a PEG ratio of 2.40 and a beta of 0.74.

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

Casey’s General Stores Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.44%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

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.