Casey’s General Stores (NASDAQ:CASY) Price Target Increased to $140.00 by Analysts at BMO Capital Markets

Casey’s General Stores (NASDAQ:CASY) had its target price hoisted by investment analysts at BMO Capital Markets to $140.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 8.07% from the stock’s previous close.

Several other brokerages have also recently commented on CASY. Sidoti set a $147.00 price target on shares of Casey’s General Stores and gave the stock a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. started coverage on shares of Casey’s General Stores in a report on Thursday, April 25th. They issued a “neutral” rating and a $140.00 target price on the stock. Zacks Investment Research raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Tuesday, April 23rd. Finally, Gabelli reissued a “buy” rating on shares of Casey’s General Stores in a report on Wednesday, March 13th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $147.10.

Shares of CASY stock opened at $152.29 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.91. Casey’s General Stores has a one year low of $98.85 and a one year high of $153.54. The stock has a market cap of $5.49 billion, a PE ratio of 27.20, a P/E/G ratio of 2.71 and a beta of 0.45.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, June 10th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.41 by $0.27. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores will post 5.51 EPS for the current year.

In other Casey’s General Stores news, SVP Julia L. Jackowski sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $125.95, for a total value of $1,574,375.00. Following the transaction, the senior vice president now owns 32,944 shares of the company’s stock, valued at $4,149,296.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William J. Walljasper sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.05, for a total transaction of $378,150.00. Following the completion of the transaction, the vice president now directly owns 24,785 shares in the company, valued at approximately $3,124,149.25. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwest Wealth Management LLC raised its holdings in shares of Casey’s General Stores by 69.6% during the first quarter. Northwest Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $251,000 after buying an additional 800 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Casey’s General Stores by 4.7% during the first quarter. TD Asset Management Inc. now owns 89,230 shares of the company’s stock valued at $11,490,000 after buying an additional 3,970 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Casey’s General Stores by 3.8% during the first quarter. Texas Permanent School Fund now owns 24,855 shares of the company’s stock valued at $3,201,000 after buying an additional 900 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Casey’s General Stores by 0.3% during the fourth quarter. Victory Capital Management Inc. now owns 489,000 shares of the company’s stock valued at $62,660,000 after buying an additional 1,250 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $11,066,000. 90.23% of the stock is currently owned by institutional investors.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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The Fly

Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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