Casey’s General Stores (NASDAQ:CASY – Get Free Report) had its target price increased by research analysts at The Goldman Sachs Group from $385.00 to $450.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 11.24% from the company’s current price.
A number of other research firms have also recently issued reports on CASY. Evercore ISI raised their target price on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $460.00 to $540.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. BMO Capital Markets upped their price target on Casey’s General Stores from $450.00 to $515.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, KeyCorp increased their price target on shares of Casey’s General Stores from $500.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $453.00.
Read Our Latest Research Report on Casey’s General Stores
Casey’s General Stores Stock Performance
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.69. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the business earned $2.34 earnings per share. Casey’s General Stores’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts expect that Casey’s General Stores will post 13.94 earnings per share for the current year.
Insider Activity
In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.
Hedge Funds Weigh In On Casey’s General Stores
Several institutional investors and hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC increased its stake in shares of Casey’s General Stores by 4.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock valued at $256,000 after purchasing an additional 23 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in Casey’s General Stores by 1.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock worth $628,000 after buying an additional 25 shares in the last quarter. Burns J W & Co. Inc. NY increased its stake in 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 worth $522,000 after buying an additional 25 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Casey’s General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock valued at $812,000 after purchasing an additional 26 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its position in shares of Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.
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.
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