Casey’s General Stores (NASDAQ:CASY) had its price target hoisted by stock analysts at Barclays from $123.00 to $140.00 in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 5.57% from the company’s previous close.
A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Casey’s General Stores from $151.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Co reaffirmed a “market perform” rating and set a $140.00 price target (up from $130.00) on shares of Casey’s General Stores in a research report on Wednesday. BMO Capital Markets lifted their price target on shares of Casey’s General Stores from $5.64 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday. Sidoti set a $147.00 price target on shares of Casey’s General Stores and gave the company a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $144.40.
CASY opened at $148.26 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.22 and a current ratio of 0.76. Casey’s General Stores has a 1 year low of $90.42 and a 1 year high of $149.48. The company has a market capitalization of $5.36 billion, a P/E ratio of 38.91, a P/E/G ratio of 2.45 and a beta of 0.45.
Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, June 10th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.27. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. As a group, equities research analysts anticipate that Casey’s General Stores will post 5.2 EPS for the current year.
In related news, SVP Julia L. Jackowski sold 12,500 shares of Casey’s General Stores stock in a transaction on 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 completion of the sale, the senior vice president now owns 32,944 shares in the company, valued at $4,149,296.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP William J. Walljasper sold 3,000 shares of Casey’s General Stores stock in a transaction on 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 sale, the vice president now owns 24,785 shares of the company’s stock, valued at approximately $3,124,149.25. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Enlightenment Research LLC bought a new stake in shares of Casey’s General Stores in the fourth quarter worth $26,000. Mckinley Capital Management LLC Delaware bought a new stake in Casey’s General Stores during the fourth quarter valued at $29,000. FinTrust Capital Advisors LLC bought a new stake in Casey’s General Stores during the first quarter valued at $29,000. Rockefeller Capital Management L.P. bought a new stake in Casey’s General Stores during the first quarter valued at $32,000. Finally, Valeo Financial Advisors LLC increased its stake in Casey’s General Stores by 2,500.0% during the first quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.
About Casey’s General Stores
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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