Casey’s General Stores, Inc. (NASDAQ:CASY) Receives $408.09 Consensus Price Target from Analysts

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

Several equities analysts recently weighed in on CASY shares. Melius Research started coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Evercore ISI raised their price target on Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 10th.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos purchased 267 shares of Casey’s General Stores stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores 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 completion of the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mike Spanos bought 267 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Casey’s General Stores

Institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC raised its position in Casey’s General Stores by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after purchasing an additional 10,841 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Casey’s General Stores by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after acquiring an additional 14,750 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Casey’s General Stores by 20.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after purchasing an additional 77,515 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $959,880,000. Finally, TD Asset Management Inc lifted its position in shares of Casey’s General Stores by 2.5% in the 1st quarter. TD Asset Management Inc now owns 220,257 shares of the company’s stock worth $70,141,000 after purchasing an additional 5,296 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 3.1 %

Shares of Casey’s General Stores stock opened at $409.18 on Thursday. Casey’s General Stores has a fifty-two week low of $266.56 and a fifty-two week high of $416.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The company has a market capitalization of $15.19 billion, a P/E ratio of 29.78 and a beta of 0.79. The company has a fifty day moving average of $379.15 and a 200 day moving average of $364.67.

Casey’s General Stores (NASDAQ:CASY) last released its 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 return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the business posted $4.52 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Casey’s General Stores will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.50 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

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.