Casey’s General Stores, Inc. (NASDAQ:CASY) Receives $928.53 Average Price Target from Analysts

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $928.5333.

CASY has been the topic of a number of research reports. The Goldman Sachs Group lifted their price target on shares of Casey’s General Stores from $695.00 to $795.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. William Blair initiated coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $913.00 target price on shares of Casey’s General Stores in a research note on Wednesday, July 29th.

More Casey’s General Stores News

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Diluted earnings per share rose 27.7% year over year to $7.37, exceeding the $6.78 consensus estimate. Revenue increased 24.3% to approximately $5.68 billion, also topping expectations. Casey’s Announces First Quarter Results
• Positive Sentiment: Net income climbed 27.1% to $273.7 million, while EBITDA increased 17.1% to $485.1 million, indicating solid operating performance. Casey’s General Stores Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: A surge in fuel margins helped drive the quarterly earnings beat, providing an important boost to profitability. Casey’s Beats Q1 Estimates on Fuel Margin Surge
• Neutral Sentiment: Revenue growth benefited from the company’s scale and broader business performance, but the earnings reports did not indicate that all growth was coming from mature-store demand. Casey’s Q1 Key Metrics Versus Estimates
• Negative Sentiment: Inside same-store sales increased 3.2%, but growth slowed from the prior year. Investors may view the deceleration as a sign of softer underlying customer demand, particularly given Casey’s elevated valuation. Casey’s Same-Store Sales Growth Declines Despite Higher Revenue
• Negative Sentiment: Despite the earnings and revenue beats, Casey’s stock fell in extended trading, suggesting the strong results and fuel-margin benefit were already anticipated or that investors were concerned about the slower same-store sales trend. Casey’s Stock Tumbles After Q1 Earnings

Insider Buying and Selling

In other news, insider Chad Frazell sold 3,013 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the transaction, the insider directly owned 9,823 shares of the company’s stock, valued at $7,735,514.27. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Darren Rebelez sold 19,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value of $15,227,740.00. Following the transaction, the chief executive officer directly owned 89,174 shares of the company’s stock, valued at $71,469,394.04. This represents a 17.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,243 shares of company stock valued at $24,421,877. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Casey’s General Stores

Several hedge funds have recently made changes to their positions in the business. Fiduciary Financial Advisors bought a new stake in shares of Casey’s General Stores in the second quarter worth $26,000. Whipplewood Advisors LLC bought a new position in Casey’s General Stores in the first quarter valued at $33,000. Bell Investment Advisors Inc bought a new position in Casey’s General Stores in the second quarter valued at $33,000. Caitlin John LLC bought a new position in Casey’s General Stores in the second quarter valued at $35,000. Finally, Larson Financial Group LLC increased its stake in Casey’s General Stores by 252.4% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock valued at $41,000 after buying an additional 53 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Down 3.0%

Shares of Casey’s General Stores stock opened at $733.49 on Friday. The company has a market capitalization of $27.14 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.58 and a beta of 0.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The business has a 50-day moving average of $825.39 and a two-hundred day moving average of $786.82. Casey’s General Stores has a 1 year low of $497.38 and a 1 year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the business posted $5.77 EPS. Casey’s General Stores’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, equities analysts predict that Casey’s General Stores will post 21.13 EPS for the current year.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.