Casey's General Stores (NASDAQ:CASY) had its price target lifted by research analysts at Wells Fargo & Co from $105.00 to $118.00 in a report issued on Thursday, January 4th. The firm presently has a “market perform” rating on the stock. Wells Fargo & Co’s target price would indicate a potential downside of 7.62% from the stock’s current price.
Several other analysts have also recently weighed in on the company. Stephens set a $119.00 price target on Casey's General Stores and gave the company a “buy” rating in a report on Wednesday, January 3rd. Barclays reaffirmed a “hold” rating on shares of Casey's General Stores in a report on Friday, December 15th. Raymond James Financial cut Casey's General Stores from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, December 12th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Casey's General Stores in a report on Friday, December 8th. Finally, Zacks Investment Research cut Casey's General Stores from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $120.78.
Shares of Casey's General Stores (NASDAQ:CASY) traded up $3.37 on Thursday, reaching $127.73. The company had a trading volume of 834,144 shares, compared to its average volume of 637,218. The stock has a market cap of $4,800.00, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.17 and a beta of 0.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.23 and a quick ratio of 0.72. Casey's General Stores has a twelve month low of $99.76 and a twelve month high of $128.51.
Casey's General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. research analysts predict that Casey's General Stores will post 4.17 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. increased its position in shares of Casey's General Stores by 34.9% during the 3rd quarter. Brown Advisory Inc. now owns 513,007 shares of the company’s stock valued at $56,149,000 after purchasing an additional 132,694 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Casey's General Stores during the 2nd quarter valued at about $162,421,000. Bank of New York Mellon Corp increased its position in shares of Casey's General Stores by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 504,745 shares of the company’s stock valued at $55,244,000 after purchasing an additional 1,487 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Casey's General Stores by 4.6% during the 2nd quarter. New York State Common Retirement Fund now owns 147,865 shares of the company’s stock valued at $15,838,000 after purchasing an additional 6,444 shares during the last quarter. Finally, Engine Capital Management LLC increased its position in shares of Casey's General Stores by 46.5% during the 3rd quarter. Engine Capital Management LLC now owns 2,930 shares of the company’s stock valued at $321,000 after purchasing an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.
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Casey's General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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