Analysts Set Casey’s General Stores, Inc. (NASDAQ:CASY) PT at $408.25

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $408.25.

CASY has been the subject of several research reports. Gordon Haskett began coverage on Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Evercore ISI boosted their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The trade was a 24.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Park Place Capital Corp bought a new stake in Casey’s General Stores in the second quarter valued at $31,000. Innealta Capital LLC bought a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new stake in shares of Casey’s General Stores during the first quarter valued at approximately $32,000. Bank & Trust Co bought a new position in Casey’s General Stores in the second quarter worth $40,000. Finally, Venturi Wealth Management LLC lifted its position in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 113 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $420.98 on Monday. The stock has a 50 day simple moving average of $392.28 and a 200 day simple moving average of $374.41. The stock has a market cap of $15.63 billion, a P/E ratio of 30.70 and a beta of 0.79. Casey’s General Stores has a 1-year low of $266.56 and a 1-year high of $435.60. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business posted $4.52 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts anticipate that Casey’s General Stores will post 14.22 earnings per share for the current year.

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. 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.