Casey’s General Stores (NASDAQ:CASY) Rating Increased to Strong-Buy at StockNews.com

Casey’s General Stores (NASDAQ:CASY) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

A number of other analysts have also commented on CASY. BMO Capital Markets raised their price target on Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research note on Thursday, June 13th. Evercore ISI dropped their price target on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price target on Casey’s General Stores from $375.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Royal Bank of Canada raised their price target on Casey’s General Stores from $322.00 to $361.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 12th. Finally, Benchmark raised their price target on Casey’s General Stores from $350.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $383.10.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $376.44 on Thursday. The firm has a market cap of $13.97 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. Casey’s General Stores has a fifty-two week low of $238.44 and a fifty-two week high of $389.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. The business has a 50 day moving average price of $351.90 and a 200-day moving average price of $316.23.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 earnings per share. Equities research analysts predict that Casey’s General Stores will post 14.2 earnings per share for the current year.

Institutional Investors Weigh In On Casey’s General Stores

Several large investors have recently bought and sold shares of the business. LexAurum Advisors LLC increased its holdings in Casey’s General Stores by 3.1% in the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock worth $362,000 after buying an additional 40 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in Casey’s General Stores by 9.3% in the 4th quarter. AdvisorShares Investments LLC now owns 469 shares of the company’s stock worth $129,000 after buying an additional 40 shares in the last quarter. GAMMA Investing LLC boosted its position in Casey’s General Stores by 12.8% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $112,000 after purchasing an additional 40 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its position in Casey’s General Stores by 0.9% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 4,567 shares of the company’s stock worth $1,261,000 after purchasing an additional 42 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in Casey’s General Stores by 5.0% in the fourth quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock worth $284,000 after purchasing an additional 49 shares during the last quarter. 85.63% 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. 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.