Casey’s General Stores (NASDAQ:CASY) PT Raised to $183.00 at Jefferies Financial Group

Casey’s General Stores (NASDAQ:CASY) had its price objective increased by Jefferies Financial Group from $167.00 to $183.00 in a research note published on Thursday morning, The Fly reports. Jefferies Financial Group currently has a buy rating on the stock. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently commented on the stock. Barclays cut shares of Axel Springer from an overweight rating to an equal weight rating in a research note on Wednesday, June 12th. Sidoti set a $147.00 price objective on shares of Casey’s General Stores and gave the stock a hold rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. set a $24.00 price objective on shares of Urovant Sciences and gave the stock a buy rating in a research note on Friday, June 14th. Zacks Investment Research lowered Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. Finally, BidaskClub upgraded Acceleron Pharma from a strong sell rating to a sell rating in a research report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $151.90.

Shares of NASDAQ CASY opened at $164.80 on Thursday. The firm has a market cap of $6.06 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.00 and a beta of 0.60. Casey’s General Stores has a 12 month low of $106.75 and a 12 month high of $165.38. The stock’s 50 day moving average price is $150.65. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 0.91.



Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 10th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.27. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, equities analysts forecast that Casey’s General Stores will post 5.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.32 per share. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.78%. Casey’s General Stores’s dividend payout ratio (DPR) is 21.05%.

In other Casey’s General Stores news, insider Terry W. Handley sold 8,106 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $149.67, for a total value of $1,213,225.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julia L. Jackowski sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $149.49, for a total value of $2,989,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,106 shares of company stock worth $5,292,595 in the last quarter. Insiders own 0.72% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CASY. FinTrust Capital Advisors LLC purchased a new position in Casey’s General Stores in the 1st quarter valued at $29,000. Valeo Financial Advisors LLC lifted its holdings in Casey’s General Stores by 2,500.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Casey’s General Stores by 170.3% in the 1st quarter. Quadrant Capital Group LLC now owns 346 shares of the company’s stock valued at $42,000 after purchasing an additional 218 shares in the last quarter. Carroll Financial Associates Inc. purchased a new position in Casey’s General Stores in the 1st quarter valued at $48,000. Finally, Rehmann Capital Advisory Group lifted its holdings in Casey’s General Stores by 188.4% in the 1st quarter. Rehmann Capital Advisory Group now owns 398 shares of the company’s stock valued at $51,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 90.06% of the company’s stock.

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. 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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Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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