Deutsche Bank Aktiengesellschaft Raises Casey’s General Stores (NASDAQ:CASY) Price Target to $454.00

Casey’s General Stores (NASDAQ:CASY) had its target price raised by equities researchers at Deutsche Bank Aktiengesellschaft from $451.00 to $454.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 10.29% from the company’s current price.

A number of other analysts also recently weighed in on CASY. JPMorgan Chase & Co. downgraded shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Evercore ISI boosted their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a research report on Thursday, July 11th. Melius Research started coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Stock Up 3.7 %

Casey’s General Stores stock traded up $14.74 during midday trading on Wednesday, hitting $411.64. 49,168 shares of the stock were exchanged, compared to its average volume of 269,465. Casey’s General Stores has a 1 year low of $266.56 and a 1 year high of $415.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The firm has a market cap of $15.28 billion, a P/E ratio of 29.87 and a beta of 0.79. The company has a 50 day moving average price of $379.15 and a two-hundred day moving average price of $364.67.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the firm posted $4.52 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Casey’s General Stores will post 14.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was 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 owns 73,838 shares in the company, valued at $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Casey’s General Stores

Several large investors have recently modified their holdings of CASY. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Casey’s General Stores during the first quarter valued at $794,000. Bailard Inc. acquired a new position in shares of Casey’s General Stores in the second quarter worth about $1,021,000. SG Americas Securities LLC purchased a new position in shares of Casey’s General Stores in the second quarter worth approximately $2,183,000. Cetera Investment Advisers increased its position in shares of Casey’s General Stores by 255.8% in the first quarter. Cetera Investment Advisers now owns 9,291 shares of the company’s stock worth $2,959,000 after acquiring an additional 6,680 shares in the last quarter. Finally, Evexia Wealth LLC raised its holdings in shares of Casey’s General Stores by 42.7% during the third quarter. Evexia Wealth LLC now owns 14,606 shares of the company’s stock valued at $5,440,000 after acquiring an additional 4,369 shares during the period. 85.63% 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. 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.