Casey’s General Stores (NASDAQ:CASY) Price Target Lowered to $345.00 at Evercore ISI

Casey’s General Stores (NASDAQ:CASY) had its price objective decreased by investment analysts at Evercore ISI from $350.00 to $345.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s target price indicates a potential upside of 10.43% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average target price of $312.63.

Casey’s General Stores Stock Down 0.1 %

Shares of Casey’s General Stores stock traded down $0.37 during trading on Tuesday, hitting $312.41. 37,515 shares of the stock traded hands, compared to its average volume of 275,808. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. Casey’s General Stores has a 52-week low of $212.50 and a 52-week high of $324.40. The stock’s fifty day simple moving average is $302.48 and its 200 day simple moving average is $285.16. The firm has a market cap of $11.57 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the business earned $2.36 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Casey’s General Stores will post 12.81 earnings per share for the current fiscal year.

Institutional Trading of Casey’s General Stores

A number of hedge funds have recently bought and sold shares of CASY. Money Concepts Capital Corp grew its holdings in shares of Casey’s General Stores by 62.7% in the fourth quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock valued at $27,000 after purchasing an additional 47 shares during the period. Point72 Europe London LLP acquired a new position in Casey’s General Stores in the fourth quarter valued at about $27,000. BKM Wealth Management LLC acquired a new position in Casey’s General Stores in the fourth quarter valued at about $29,000. Rise Advisors LLC acquired a new stake in shares of Casey’s General Stores during the first quarter valued at about $30,000. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.