Casey’s General Stores (NASDAQ:CASY) had its target price increased by investment analysts at JPMorgan Chase & Co. from $140.00 to $152.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 0.71% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Jefferies Financial Group upped their price objective on shares of Casey’s General Stores from $151.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday. Sidoti set a $147.00 price objective on shares of Casey’s General Stores and gave the stock a “hold” rating in a research report on Tuesday. BMO Capital Markets upped their price objective on shares of Casey’s General Stores to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Wells Fargo & Co upped their price objective on shares of Casey’s General Stores from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $148.30.
Shares of CASY stock traded up $0.80 on Friday, hitting $153.09. The company’s stock had a trading volume of 99,084 shares, compared to its average volume of 304,845. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.22 and a current ratio of 0.69. Casey’s General Stores has a fifty-two week low of $98.85 and a fifty-two week high of $153.54. The company has a market capitalization of $5.49 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.45.
Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, June 10th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $2.13 billion. During the same period in the prior year, the company posted $0.51 earnings per share. Casey’s General Stores’s revenue was up 4.3% compared to the same quarter last year. On average, analysts forecast that Casey’s General Stores will post 5.51 EPS for the current year.
In other news, VP William J. Walljasper sold 3,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total value of $378,150.00. Following the completion of the transaction, the vice president now owns 24,785 shares of the company’s stock, valued at $3,124,149.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julia L. Jackowski sold 12,500 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the completion of the transaction, the senior vice president now directly owns 32,944 shares of the company’s stock, valued at approximately $4,149,296.80. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Enlightenment Research LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $26,000. Mckinley Capital Management LLC Delaware bought a new position in Casey’s General Stores in the 4th quarter valued at approximately $29,000. FinTrust Capital Advisors LLC bought a new position in Casey’s General Stores in the 1st quarter valued at approximately $29,000. Rockefeller Capital Management L.P. bought a new position in Casey’s General Stores in the 1st quarter valued at approximately $32,000. Finally, Valeo Financial Advisors LLC raised its holdings in Casey’s General Stores by 2,500.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after buying an additional 300 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other 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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