Several analysts have recently updated their ratings and price targets for Casey’s General Stores (NASDAQ: CASY):

  • 9/12/2019 – Casey’s General Stores had its price target raised by analysts at JPMorgan Chase & Co. from $152.00 to $169.00. They now have a “neutral” rating on the stock.
  • 9/11/2019 – Casey’s General Stores had its price target raised by analysts at Stephens from $181.00 to $197.00. They now have an “overweight” rating on the stock.
  • 9/11/2019 – Casey’s General Stores had its price target raised by analysts at BMO Capital Markets to $170.00. They now have a “market perform” rating on the stock.
  • 9/11/2019 – Casey’s General Stores had its price target raised by analysts at Wells Fargo & Co from $145.00 to $165.00. They now have a “market perform” rating on the stock.
  • 9/11/2019 – Casey’s General Stores had its price target raised by analysts at Barclays PLC from $140.00 to $170.00. They now have an “equal weight” rating on the stock.
  • 9/10/2019 – Casey’s General Stores was given a new $192.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 9/4/2019 – Casey’s General Stores had its price target raised by analysts at Jefferies Financial Group Inc from $183.00 to $192.00. They now have a “buy” rating on the stock.
  • 9/4/2019 – Casey’s General Stores was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/3/2019 – Casey’s General Stores had its price target raised by analysts at Sidoti from $147.00 to $166.00. They now have a “neutral” rating on the stock.
  • 9/3/2019 – Casey’s General Stores had its price target raised by analysts at Deutsche Bank AG from $166.00 to $185.00. They now have a “buy” rating on the stock.
  • 8/29/2019 – Casey’s General Stores was downgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating. They now have a $158.00 price target on the stock, up previously from $144.00.
  • 8/17/2019 – Casey’s General Stores was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/7/2019 – Casey’s General Stores was downgraded by analysts at G.Research, Llc from a “buy” rating to a “hold” rating.
  • 8/7/2019 – Casey’s General Stores was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating.
  • 8/1/2019 – Casey’s General Stores was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/19/2019 – Casey’s General Stores was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/18/2019 – Casey’s General Stores had its price target raised by analysts at Jefferies Financial Group Inc from $167.00 to $183.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of CASY traded up $1.18 during mid-day trading on Friday, reaching $170.98. The company had a trading volume of 237,882 shares, compared to its average volume of 338,992. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.23 and a current ratio of 0.76. The firm has a 50-day moving average price of $167.08 and a 200 day moving average price of $145.70. Casey’s General Stores Inc has a 52 week low of $116.23 and a 52 week high of $173.31. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.24 and a beta of 0.55.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, September 9th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.28. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm posted $1.90 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts forecast that Casey’s General Stores Inc will post 6.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.75%. Casey’s General Stores’s dividend payout ratio is currently 23.23%.

In other news, SVP Brian Joseph Johnson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total value of $625,920.00. Following the sale, the senior vice president now directly owns 14,817 shares of the company’s stock, valued at approximately $2,318,564.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director H Lynn Horak sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $154.55, for a total transaction of $463,650.00. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC purchased a new position in Casey’s General Stores in the 2nd quarter worth approximately $26,000. Advisory Services Network LLC raised its holdings in Casey’s General Stores by 119.3% in the 2nd quarter. Advisory Services Network LLC now owns 193 shares of the company’s stock worth $31,000 after acquiring an additional 105 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new position in Casey’s General Stores in the 1st quarter worth approximately $29,000. Kavar Capital Partners LLC purchased a new position in Casey’s General Stores in the 2nd quarter worth approximately $47,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Casey’s General Stores in the 2nd quarter worth approximately $51,000. Institutional investors own 87.60% of the company’s stock.

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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