Casey’s General Stores (NASDAQ:CASY) PT Raised to $300.00

Casey’s General Stores (NASDAQ:CASY) had its price target lifted by research analysts at JPMorgan Chase & Co. from $298.00 to $300.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 21.21% from the stock’s previous close.

A number of other analysts have also commented on the company. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price for the company in a research report on Thursday, July 11th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $393.00 price objective on shares of Casey’s General Stores in a report on Monday, July 29th. Jefferies Financial Group boosted their price objective on Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Evercore ISI boosted their price objective on Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $400.20.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $380.74 on Wednesday. Casey’s General Stores has a one year low of $238.44 and a one year high of $401.07. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.52 and a beta of 0.80. The business has a 50-day simple moving average of $373.73 and a 200 day simple moving average of $341.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.87 and a quick ratio of 0.42.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company posted $4.52 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Casey’s General Stores will post 14.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CASY. Van ECK Associates Corp bought a new position in shares of Casey’s General Stores in the fourth quarter worth $2,623,000. Private Advisor Group LLC increased its holdings in shares of Casey’s General Stores by 37.2% in the fourth quarter. Private Advisor Group LLC now owns 3,309 shares of the company’s stock worth $909,000 after purchasing an additional 897 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Casey’s General Stores by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,915 shares of the company’s stock worth $73,057,000 after purchasing an additional 6,867 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Casey’s General Stores in the fourth quarter worth $82,000. Finally, Principal Securities Inc. bought a new position in shares of Casey’s General Stores in the fourth quarter worth $666,000. Institutional investors own 85.63% of the company’s stock.

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. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.