BMO Capital Markets Raises Casey’s General Stores (NASDAQ:CASY) Price Target to $515.00

Casey’s General Stores (NASDAQ:CASY) had its price objective raised by equities researchers at BMO Capital Markets from $450.00 to $515.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 1.58% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Stephens restated an “overweight” rating and set a $490.00 price objective on shares of Casey’s General Stores in a report on Tuesday. Evercore ISI raised their price objective on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $453.00.

Casey’s General Stores Trading Up 1.5%

NASDAQ:CASY opened at $506.99 on Wednesday. Casey’s General Stores has a 12 month low of $350.52 and a 12 month high of $509.08. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.40 and a beta of 0.65. The firm has a fifty day simple moving average of $451.87 and a two-hundred day simple moving average of $425.81.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $1.94 by $0.69. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the business posted $2.34 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts expect that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Casey’s General Stores

Several large investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC grew its position in Casey’s General Stores by 4.1% during the first quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock valued at $256,000 after buying an additional 23 shares during the period. HighPoint Advisor Group LLC boosted its stake in Casey’s General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after acquiring an additional 25 shares during the last quarter. Burns J W & Co. Inc. NY grew its position in shares of Casey’s General Stores by 2.1% during the 1st quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company’s stock valued at $522,000 after acquiring an additional 25 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Casey’s General Stores by 1.4% during the 1st quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock worth $812,000 after purchasing an additional 26 shares during the last quarter. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Casey’s General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after purchasing an additional 26 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.