Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $591.00

Casey’s General Stores (NASDAQ:CASY) had its target price raised by stock analysts at Royal Bank Of Canada from $570.00 to $591.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 4.31% from the stock’s current price.

CASY has been the topic of several other reports. Stephens increased their price target on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. UBS Group started coverage on shares of Casey’s General Stores in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $600.00 target price for the company. BMO Capital Markets increased their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Wells Fargo & Company lifted their price target on shares of Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Jefferies Financial Group upped their price objective on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $581.22.

Casey’s General Stores Stock Up 0.6%

Casey’s General Stores stock opened at $566.56 on Wednesday. The stock has a market cap of $21.07 billion, a PE ratio of 36.41 and a beta of 0.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The stock’s fifty day moving average is $549.17 and its two-hundred day moving average is $523.98. Casey’s General Stores has a 1-year low of $372.08 and a 1-year high of $573.76.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the prior year, the firm posted $4.85 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts expect that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

A number of hedge funds have recently added to or reduced their stakes in CASY. IFP Advisors Inc increased its stake in shares of Casey’s General Stores by 16.6% during the third quarter. IFP Advisors Inc now owns 1,195 shares of the company’s stock worth $691,000 after acquiring an additional 170 shares during the period. Swiss Life Asset Management Ltd lifted its position in Casey’s General Stores by 79.8% in the third quarter. Swiss Life Asset Management Ltd now owns 1,731 shares of the company’s stock valued at $979,000 after purchasing an additional 768 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new stake in Casey’s General Stores in the 3rd quarter valued at approximately $35,000. CIBC Private Wealth Group LLC increased its position in Casey’s General Stores by 136.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 426 shares of the company’s stock worth $241,000 after purchasing an additional 246 shares during the period. Finally, Capital Square LLC increased its position in Casey’s General Stores by 13.5% during the 3rd quarter. Capital Square LLC now owns 588 shares of the company’s stock worth $332,000 after purchasing an additional 70 shares during the period. 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.