Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $830.00
by Amy Steele · The Cerbat GemCasey’s General Stores (NASDAQ:CASY – Get Free Report) had its target price raised by analysts at KeyCorp from $730.00 to $830.00 in a research report issued on Monday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 9.97% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Wells Fargo & Company lifted their price target on Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. UBS Group lifted their price target on Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. started coverage on Casey’s General Stores in a research note on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $711.91.
View Our Latest Stock Analysis on Casey’s General Stores
Casey’s General Stores Price Performance
Casey’s General Stores stock opened at $754.72 on Monday. Casey’s General Stores has a 52 week low of $430.00 and a 52 week high of $774.23. The business has a 50-day simple moving average of $694.71 and a 200 day simple moving average of $613.19. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The stock has a market cap of $27.89 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 2.46 and a beta of 0.61.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last posted its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, research analysts forecast that Casey’s General Stores will post 13.94 earnings per share for the current fiscal year.
Insider Activity
In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the purchase, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.
Institutional Investors Weigh In On Casey’s General Stores
Hedge funds and other institutional investors have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $25,000. Westside Investment Management Inc. lifted its stake in shares of Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after acquiring an additional 23 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $33,000. Institutional investors own 85.63% of the company’s stock.
About Casey’s General Stores
Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.
The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.