Analysts Set Casey’s General Stores, Inc. (NASDAQ:CASY) Price Target at $430.33

Casey’s General Stores, Inc. (NASDAQ:CASY) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $430.33.

A number of research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, KeyCorp started coverage on shares of Casey’s General Stores in a research report on Friday, April 11th. They set an “overweight” rating and a $500.00 price objective for the company.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos acquired 256 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CASY. Barclays PLC grew its position in shares of Casey’s General Stores by 110.5% in the 3rd quarter. Barclays PLC now owns 22,487 shares of the company’s stock worth $8,450,000 after acquiring an additional 11,802 shares in the last quarter. Synovus Financial Corp boosted its position in Casey’s General Stores by 74.4% during the 3rd quarter. Synovus Financial Corp now owns 16,595 shares of the company’s stock valued at $6,235,000 after purchasing an additional 7,078 shares during the period. Franklin Resources Inc. boosted its position in Casey’s General Stores by 49.9% during the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock valued at $204,861,000 after purchasing an additional 174,586 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Casey’s General Stores during the 3rd quarter valued at approximately $899,000. Finally, Logan Capital Management Inc. acquired a new position in Casey’s General Stores during the 3rd quarter valued at approximately $2,049,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $454.23 on Thursday. Casey’s General Stores has a 1-year low of $313.67 and a 1-year high of $468.88. The stock has a market cap of $16.86 billion, a PE ratio of 31.65, a P/E/G ratio of 2.40 and a beta of 0.74. The firm has a 50-day simple moving average of $423.87 and a two-hundred day simple moving average of $414.09. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts forecast that Casey’s General Stores will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.