Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Has Consensus Target Price of $835.38 According to Analysts

Casey’s General Stores, Inc. (NASDAQ:CASY) has earned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $835.38.

A number of brokerages recently weighed in on CASY. Evercore reiterated an “outperform” rating and issued a $775.00 target price on shares of Casey’s General Stores in a research note on Friday, September 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $933.00 target price on shares of Casey’s General Stores in a research note on Thursday, September 10th. KeyCorp reduced their target price on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a research note on Thursday, September 10th. Raymond James Financial upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price objective on the stock in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. cut their price target on 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.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $680.19 on Monday. The firm has a 50-day simple moving average of $672.65 and a 200-day simple moving average of $739.73. Casey’s General Stores has a one year low of $497.38 and a one year high of $927.85. The firm has a market cap of $25.14 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.20 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.78 by $0.59. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. Casey’s General Stores’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company posted $5.77 earnings per share. Equities analysts anticipate that Casey’s General Stores will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 12.52%.

Hedge Funds Weigh In On Casey’s General Stores

Hedge funds have recently bought and sold shares of the business. Kathmere Capital Management LLC increased its position in shares of Casey’s General Stores by 3.5% in the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock valued at $282,000 after buying an additional 13 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Casey’s General Stores by 4.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock valued at $221,000 after buying an additional 14 shares in the last quarter. Lincoln Capital LLC lifted its position in shares of Casey’s General Stores by 4.0% during the 2nd quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock valued at $291,000 after buying an additional 14 shares in the last quarter. Jag Capital Management LLC grew its stake in Casey’s General Stores by 1.0% in the 1st quarter. Jag Capital Management LLC now owns 1,753 shares of the company’s stock valued at $1,276,000 after acquiring an additional 18 shares during the period. Finally, Anchor Investment Management LLC grew its stake in Casey’s General Stores by 72.0% in the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock valued at $34,000 after acquiring an additional 18 shares during the period. 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.