Casey’s General Stores, Inc. (NASDAQ:CASY) Receives $424.00 Consensus Target Price from Brokerages

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $424.00.

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Gordon Haskett initiated coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 target price for the company. Finally, Evercore ISI boosted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. YANKCOM Partnership bought a new stake in shares of Casey’s General Stores during the 4th quarter worth $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores during the fourth quarter worth about $36,000. Venturi Wealth Management LLC raised its position in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares during the period. V Square Quantitative Management LLC boosted its stake in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $435.35 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $16.16 billion, a PE ratio of 30.34, a P/E/G ratio of 2.48 and a beta of 0.83. The firm has a fifty day simple moving average of $409.54 and a 200 day simple moving average of $394.60. Casey’s General Stores has a twelve month low of $279.99 and a twelve month high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the business earned $4.24 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Casey’s General Stores will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Casey’s General Stores’s payout ratio is 13.94%.

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.