Stephens Boosts Casey’s General Stores (NASDAQ:CASY) Price Target to $165.00

Casey’s General Stores (NASDAQ:CASY) had its price target boosted by analysts at Stephens from $143.00 to $165.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price target indicates a potential upside of 8.57% from the stock’s previous close.

CASY has been the topic of a number of other reports. Gabelli restated a “buy” rating on shares of Casey’s General Stores in a report on Wednesday, March 13th. Zacks Investment Research raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Tuesday, April 23rd. BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. initiated coverage on shares of Casey’s General Stores in a research report on Thursday, April 25th. They issued a “neutral” rating and a $140.00 target price for the company. Finally, Barclays raised their target price on shares of Casey’s General Stores from $123.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Casey’s General Stores presently has an average rating of “Hold” and a consensus target price of $148.30.

Shares of NASDAQ:CASY opened at $151.98 on Thursday. Casey’s General Stores has a 12 month low of $99.06 and a 12 month high of $154.35. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.91. The firm has a market cap of $5.57 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.71 and a beta of 0.45.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 10th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.27. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts predict that Casey’s General Stores will post 5.51 earnings per share for the current fiscal year.

In other news, insider Terry W. Handley sold 8,106 shares of Casey’s General Stores stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $149.67, for a total value of $1,213,225.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William J. Walljasper sold 3,000 shares of Casey’s General Stores stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total transaction of $378,150.00. Following the completion of the transaction, the vice president now directly owns 24,785 shares of the company’s stock, valued at approximately $3,124,149.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,606 shares of company stock valued at $6,155,550. 0.72% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CASY. Clearbridge Investments LLC boosted its holdings in shares of Casey’s General Stores by 2.0% during the 1st quarter. Clearbridge Investments LLC now owns 1,425,212 shares of the company’s stock worth $183,525,000 after buying an additional 28,550 shares during the period. Rehmann Capital Advisory Group boosted its holdings in shares of Casey’s General Stores by 188.4% during the 1st quarter. Rehmann Capital Advisory Group now owns 398 shares of the company’s stock worth $51,000 after buying an additional 260 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Casey’s General Stores by 48.7% during the 1st quarter. Nordea Investment Management AB now owns 71,542 shares of the company’s stock worth $9,212,000 after buying an additional 23,442 shares during the period. WealthPLAN Partners LLC boosted its holdings in shares of Casey’s General Stores by 7.8% during the 1st quarter. WealthPLAN Partners LLC now owns 31,113 shares of the company’s stock worth $4,135,000 after buying an additional 2,254 shares during the period. Finally, One Wealth Advisors LLC bought a new stake in shares of Casey’s General Stores during the 1st quarter worth about $189,000. 90.23% of the stock is owned by institutional investors.

About Casey’s General Stores

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.

Featured Article: What does relative strength index mean?

The Fly

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

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.