Evercore ISI Boosts Casey’s General Stores (NASDAQ:CASY) Price Target to $460.00

by · The Cerbat Gem

Casey’s General Stores (NASDAQ:CASY – Free Report) had its target price increased by Evercore ISI from $450.00 to $460.00 in a report published on Tuesday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Read Our Latest Stock Analysis on CASY

Casey’s General Stores Trading Up 1.2 %

Shares of CASY stock opened at $449.17 on Tuesday. Casey’s General Stores has a 1-year low of $306.45 and a 1-year high of $458.92. The firm’s 50-day simple moving average is $416.64 and its 200-day simple moving average is $404.57. The firm has a market cap of $16.67 billion, a P/E ratio of 31.30, a PEG ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. As a group, equities analysts forecast that Casey’s General Stores will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of Casey’s General Stores by 40.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,346 shares of the company’s stock valued at $6,517,000 after buying an additional 5,021 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in Casey’s General Stores by 76.7% in the third quarter. CreativeOne Wealth LLC now owns 1,002 shares of the company’s stock valued at $376,000 after acquiring an additional 435 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Casey’s General Stores by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,273 shares of the company’s stock valued at $3,108,000 after acquiring an additional 336 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Casey’s General Stores by 1.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,839 shares of the company’s stock worth $39,389,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Holocene Advisors LP increased its position in shares of Casey’s General Stores by 266.4% in the 3rd quarter. Holocene Advisors LP now owns 96,406 shares of the company’s stock worth $36,221,000 after purchasing an additional 70,096 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

About Casey’s General Stores

(Get Free Report)

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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