Deutsche Bank Boosts Casey’s General Stores (CASY) Price Target to $142.00

Casey’s General Stores (NASDAQ:CASY) had its target price upped by Deutsche Bank to $142.00 in a report issued on Wednesday, September 12th, The Fly reports. Deutsche Bank currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets lifted their target price on Casey’s General Stores from $92.00 to $96.00 and gave the stock a hold rating in a report on Thursday, August 23rd. BidaskClub upgraded Casey’s General Stores from a hold rating to a buy rating in a research report on Friday, September 7th. Stephens set a $137.00 price target on Casey’s General Stores and gave the stock a buy rating in a research report on Wednesday, September 12th. ValuEngine upgraded Casey’s General Stores from a sell rating to a hold rating in a research report on Wednesday, June 6th. Finally, Jefferies Financial Group set a $134.00 price target on Casey’s General Stores and gave the stock a buy rating in a research report on Wednesday, August 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $132.78.

NASDAQ:CASY traded up $0.18 on Wednesday, reaching $123.58. 304,200 shares of the company’s stock traded hands, compared to its average volume of 462,227. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market cap of $4.72 billion, a PE ratio of 32.31, a P/E/G ratio of 3.05 and a beta of 0.49. Casey’s General Stores has a 12 month low of $90.42 and a 12 month high of $130.74.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 10th. The company reported $1.90 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.23. Casey’s General Stores had a return on equity of 12.38% and a net margin of 3.73%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 23.6% on a year-over-year basis. Sell-side analysts anticipate that Casey’s General Stores will post 4.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, October 31st. This represents a $1.16 annualized dividend and a dividend yield of 0.94%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.

In related news, SVP Brian Joseph Johnson sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $127.43, for a total value of $191,145.00. Following the completion of the sale, the senior vice president now owns 10,471 shares in the company, valued at $1,334,319.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CASY. Kwmg LLC purchased a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $106,000. Cerebellum GP LLC purchased a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $142,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $204,000. Aristotle Atlantic Partners LLC boosted its holdings in shares of Casey’s General Stores by 33.1% in the first quarter. Aristotle Atlantic Partners LLC now owns 2,426 shares of the company’s stock valued at $266,000 after purchasing an additional 603 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Casey’s General Stores in the third quarter valued at approximately $310,000. Hedge funds and other institutional investors own 95.72% of the company’s stock.

Casey’s General Stores Company Profile

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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The Fly

Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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