Casey’s General Stores (NASDAQ:CASY) has been assigned a $131.00 target price by equities researchers at Royal Bank of Canada in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 5.58% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Stephens set a $137.00 target price on Casey’s General Stores and gave the stock a “buy” rating in a report on Wednesday, September 12th. BidaskClub raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Friday, September 7th. BMO Capital Markets boosted their target price on Casey’s General Stores from $92.00 to $96.00 and gave the stock a “hold” rating in a report on Thursday, August 23rd. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating in a report on Tuesday, September 18th. Finally, ValuEngine raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Casey’s General Stores currently has an average rating of “Buy” and an average price target of $133.60.
NASDAQ:CASY traded down $2.50 during midday trading on Thursday, hitting $124.08. 69,825 shares of the stock were exchanged, compared to its average volume of 235,749. Casey’s General Stores has a one year low of $90.42 and a one year high of $133.07. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 3.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.27.
In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $127.43, for a total value of $191,145.00. Following the transaction, the senior vice president now owns 10,471 shares of the company’s stock, valued at $1,334,319.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CASY. Victory Capital Management Inc. bought a new position in shares of Casey’s General Stores in the third quarter valued at $62,974,000. Hennessy Advisors Inc. purchased a new position in Casey’s General Stores during the 3rd quarter worth approximately $31,193,000. Epoch Investment Partners Inc. purchased a new position in Casey’s General Stores during the 2nd quarter worth approximately $25,147,000. Dimensional Fund Advisors LP grew its position in Casey’s General Stores by 43.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 658,071 shares of the company’s stock worth $69,152,000 after purchasing an additional 198,263 shares in the last quarter. Finally, Carillon Tower Advisers Inc. grew its position in Casey’s General Stores by 38.6% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 643,593 shares of the company’s stock worth $67,628,000 after purchasing an additional 179,379 shares in the last quarter. 91.03% of the stock is currently 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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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