Capital One Financial Begins Coverage on Casey’s General Stores (NASDAQ:CASY)

Capital One Financial began coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a research note issued to investors on Monday. The firm set an “equal weight” rating and a $896.00 price target on the stock. Capital One Financial‘s price objective indicates a potential upside of 6.38% from the stock’s current price.

A number of other brokerages also recently commented on CASY. The Goldman Sachs Group reissued a “neutral” rating and issued a $695.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. KeyCorp increased their target price on Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,000.00 price target on shares of Casey’s General Stores in a research note on Monday, June 15th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $923.00.

Casey’s General Stores Price Performance

CASY stock opened at $842.25 on Monday. The business’s fifty day moving average price is $812.00 and its 200 day moving average price is $696.85. Casey’s General Stores has a 12-month low of $490.00 and a 12-month high of $927.85. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $31.13 billion, a PE ratio of 43.96, a P/E/G ratio of 2.55 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 EPS. On average, sell-side analysts anticipate that Casey’s General Stores will post 20.9 EPS for the current year.

Institutional Investors Weigh In On Casey’s General Stores

Several institutional investors have recently modified their holdings of the company. Kathmere Capital Management LLC lifted its stake in Casey’s General Stores by 3.5% during the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock valued at $282,000 after purchasing an additional 13 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Casey’s General Stores by 4.8% during the first quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock worth $221,000 after buying an additional 14 shares in the last quarter. Menard Financial Group LLC grew its position in Casey’s General Stores by 1.2% in the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after buying an additional 15 shares during the last quarter. Cibc World Market Inc. grew its position in Casey’s General Stores by 0.3% in the fourth quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock worth $2,839,000 after buying an additional 16 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. increased its holdings in shares of Casey’s General Stores by 0.8% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock valued at $1,292,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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.