Casey’s General Stores (NASDAQ:CASY – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.
CASY has been the subject of a number of other research reports. Stephens increased their target price on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Benchmark reiterated a “buy” rating and set a $312.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 6th. BMO Capital Markets increased their target price on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Wells Fargo & Company increased their target price on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $291.00 to $296.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 12th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.56.
Casey’s General Stores Stock Performance
CASY traded up $2.96 during trading on Thursday, hitting $318.11. 296,820 shares of the company traded hands, compared to its average volume of 268,582. The firm has a market cap of $11.78 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.47 and a beta of 0.83. The stock’s fifty day moving average is $290.41 and its 200 day moving average is $278.82. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. Casey’s General Stores has a one year low of $205.42 and a one year high of $318.27.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.36 earnings per share. As a group, equities analysts predict that Casey’s General Stores will post 12.86 EPS for the current fiscal year.
Insiders Place Their Bets
In other Casey’s General Stores news, Director Mike Spanos purchased 725 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were purchased at an average cost of $275.43 per share, with a total value of $199,686.75. Following the completion of the purchase, the director now owns 1,791 shares of the company’s stock, valued at approximately $493,295.13. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Money Concepts Capital Corp grew its holdings in shares of Casey’s General Stores by 62.7% in the fourth quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares during the last quarter. Point72 Europe London LLP bought a new stake in Casey’s General Stores in the fourth quarter valued at $27,000. BKM Wealth Management LLC bought a new stake in Casey’s General Stores in the fourth quarter valued at $29,000. Sunbelt Securities Inc. boosted its holdings in shares of Casey’s General Stores by 46.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 129 shares of the company’s stock valued at $31,000 after buying an additional 41 shares in the last quarter. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Casey’s General Stores during the 1st quarter valued at $31,000. 85.43% of the stock is owned by hedge funds and other 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.