Casey’s General Stores (CASY) Price Target Increased to $125.00 by Analysts at Royal Bank of Canada

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Casey’s General Stores (NASDAQ:CASY) had its price objective upped by Royal Bank of Canada from $120.00 to $125.00 in a research note released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a sector perform rating on the stock.

CASY has been the topic of several other reports. BidaskClub raised shares of Casey’s General Stores from a hold rating to a buy rating in a research report on Tuesday, July 24th. Deutsche Bank lowered their target price on shares of Casey’s General Stores from $120.00 to $116.00 and set a buy rating on the stock in a research report on Wednesday, June 13th. Jefferies Financial Group set a $134.00 target price on shares of Casey’s General Stores and gave the stock a buy rating in a research report on Wednesday, August 22nd. ValuEngine raised shares of Casey’s General Stores from a hold rating to a buy rating in a research report on Wednesday, August 22nd. Finally, BMO Capital Markets increased their target price on shares of Casey’s General Stores from $92.00 to $96.00 and gave the stock a hold rating in a research report on Thursday, August 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $132.78.

NASDAQ CASY opened at $127.78 on Tuesday. Casey’s General Stores has a 1-year low of $90.42 and a 1-year high of $130.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.31 and a current ratio of 0.77. The firm has a market capitalization of $4.69 billion, a PE ratio of 33.54, a P/E/G ratio of 3.09 and a beta of 0.55.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 10th. The company reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.23. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business posted $1.46 earnings per share. Casey’s General Stores’s revenue for the quarter was up 23.6% compared to the same quarter last year. sell-side analysts predict that Casey’s General Stores will post 4.53 EPS for the current 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. This represents a $1.16 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, October 31st. Casey’s General Stores’s payout ratio is 30.45%.

In other news, insider Terry W. Handley sold 1,342 shares of the firm’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $100.12, for a total value of $134,361.04. Following the sale, the insider now directly owns 33,287 shares of the company’s stock, valued at $3,332,694.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brian Joseph Johnson sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were 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 directly owns 10,471 shares in the company, valued at $1,334,319.53. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Several large investors have recently modified their holdings of the company. Aristotle Atlantic Partners LLC lifted its stake 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 buying an additional 603 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Casey’s General Stores by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 23,087 shares of the company’s stock valued at $2,535,000 after buying an additional 637 shares during the period. Arizona State Retirement System lifted its stake in shares of Casey’s General Stores by 2.5% in the second quarter. Arizona State Retirement System now owns 26,060 shares of the company’s stock valued at $2,738,000 after buying an additional 637 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Casey’s General Stores by 0.6% in the second quarter. Macquarie Group Ltd. now owns 121,063 shares of the company’s stock valued at $12,721,000 after buying an additional 664 shares during the period. Finally, Financial Counselors Inc. lifted its stake in shares of Casey’s General Stores by 2.5% in the second quarter. Financial Counselors Inc. now owns 30,927 shares of the company’s stock valued at $3,250,000 after buying an additional 746 shares during the period. 95.71% of the stock is currently owned by institutional investors.

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

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