Brokerages Set Casey’s General Stores, Inc. (NASDAQ:CASY) PT at $621.36

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $624.0909.

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. BNP Paribas Exane started coverage on Casey’s General Stores in a research report on Tuesday, January 20th. They set an “outperform” rating and a $730.00 price objective for the company. Finally, Northcoast Research lowered Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st.

Insider Transactions at Casey’s General Stores

In related news, Director Moats Maria Castanon bought 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director owned 803 shares of the company’s stock, valued at $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cannon Global Investment Management LLC bought a new position in Casey’s General Stores during the 3rd quarter worth approximately $1,018,000. UNIVEST FINANCIAL Corp increased its stake in Casey’s General Stores by 157.2% in the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after purchasing an additional 5,230 shares in the last quarter. Franklin Resources Inc. raised its holdings in Casey’s General Stores by 0.3% in the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock worth $361,727,000 after purchasing an additional 2,467 shares during the period. West Bancorporation Inc. bought a new position in shares of Casey’s General Stores during the second quarter worth $278,000. Finally, Kathmere Capital Management LLC bought a new position in shares of Casey’s General Stores during the second quarter worth $280,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $617.12 on Friday. The stock has a market capitalization of $22.88 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.20 and a beta of 0.67. The business has a 50-day moving average of $574.92 and a two-hundred day moving average of $546.27. Casey’s General Stores has a fifty-two week low of $372.08 and a fifty-two week high of $647.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same quarter in the prior year, the firm posted $4.85 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts predict that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be paid a $0.57 dividend. The ex-dividend date is Friday, January 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

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.