Casey’s General Stores (NASDAQ:CASY) had its price objective raised by research analysts at JPMorgan Chase & Co. from $152.00 to $169.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 1.45% from the company’s current price.
Several other analysts also recently commented on the stock. Stephens raised their target price on shares of Casey’s General Stores from $181.00 to $197.00 and gave the stock an “overweight” rating in a report on Wednesday. G.Research downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. BidaskClub downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th. Barclays upped their target price on Casey’s General Stores from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, BMO Capital Markets upped their target price on Casey’s General Stores to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Casey’s General Stores currently has an average rating of “Hold” and an average target price of $172.00.
CASY stock opened at $166.58 on Thursday. The firm has a market capitalization of $6.15 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.20 and a beta of 0.55. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.69 and a quick ratio of 0.23. The company’s 50 day simple moving average is $167.08 and its 200-day simple moving average is $145.70. Casey’s General Stores has a 52-week low of $116.23 and a 52-week high of $173.31.
Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, September 9th. The company reported $2.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.28. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.84%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company earned $1.90 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts predict that Casey’s General Stores will post 5.92 EPS for the current fiscal year.
In related news, Director H Lynn Horak sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $154.55, for a total transaction of $463,650.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brian Joseph Johnson sold 4,000 shares of Casey’s General Stores stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the transaction, the senior vice president now owns 14,817 shares in the company, valued at approximately $2,318,564.16. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new position in Casey’s General Stores during the 2nd quarter valued at about $26,000. FinTrust Capital Advisors LLC bought a new stake in shares of Casey’s General Stores during the 1st quarter worth $29,000. Advisory Services Network LLC boosted its holdings in Casey’s General Stores by 119.3% in the 2nd quarter. Advisory Services Network LLC now owns 193 shares of the company’s stock valued at $31,000 after purchasing an additional 105 shares during the period. Kavar Capital Partners LLC acquired a new position in shares of Casey’s General Stores in the 2nd quarter valued at $47,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Casey’s General Stores by 188.4% in the 1st quarter. Rehmann Capital Advisory Group now owns 398 shares of the company’s stock valued at $51,000 after buying an additional 260 shares in the last quarter. 87.60% of the stock is owned by institutional investors.
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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