Casey’s General Stores (NASDAQ:CASY) PT Lowered to $165.00 at BMO Capital Markets

Casey’s General Stores (NASDAQ:CASY) had its price objective trimmed by BMO Capital Markets from $170.00 to $165.00 in a report published on Wednesday morning, The Fly reports. The firm currently has a market perform rating on the stock.

Several other equities analysts have also recently weighed in on the company. ValuEngine cut Casey’s General Stores from a buy rating to a hold rating in a report on Wednesday, October 2nd. Wells Fargo & Co raised their price target on Casey’s General Stores from $145.00 to $165.00 and gave the company a market perform rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their price target on Casey’s General Stores from $152.00 to $169.00 and gave the company a neutral rating in a report on Thursday, September 12th. Sidoti raised their price target on Casey’s General Stores from $166.00 to $174.00 and gave the company a neutral rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group set a $192.00 price objective on Casey’s General Stores and gave the company a buy rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $172.30.

CASY stock traded down $2.56 during mid-day trading on Wednesday, hitting $154.31. The company had a trading volume of 132,360 shares, compared to its average volume of 235,345. The company has a 50-day moving average price of $170.46 and a 200 day moving average price of $161.89. Casey’s General Stores has a 12-month low of $116.23 and a 12-month high of $179.21. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 3.05 and a beta of 0.52. The company has a quick ratio of 0.29, a current ratio of 0.76 and a debt-to-equity ratio of 0.88.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.06. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Casey’s General Stores had a return on equity of 16.43% and a net margin of 2.51%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. As a group, analysts expect that Casey’s General Stores will post 6.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, January 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 23.23%.

In other Casey’s General Stores news, Director Allison M. Wing sold 554 shares of Casey’s General Stores stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total transaction of $91,914.14. Following the completion of the sale, the director now directly owns 998 shares of the company’s stock, valued at approximately $165,578.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CASY. Vanguard Group Inc. grew its holdings in Casey’s General Stores by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,732,899 shares of the company’s stock worth $582,295,000 after purchasing an additional 76,321 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Casey’s General Stores by 2.0% during the second quarter. BlackRock Inc. now owns 3,289,827 shares of the company’s stock valued at $513,180,000 after buying an additional 65,801 shares during the last quarter. Carillon Tower Advisers Inc. increased its position in shares of Casey’s General Stores by 29.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock valued at $129,553,000 after acquiring an additional 187,330 shares during the period. Scout Investments Inc. raised its stake in Casey’s General Stores by 114.5% in the 3rd quarter. Scout Investments Inc. now owns 529,288 shares of the company’s stock worth $85,300,000 after acquiring an additional 282,484 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Casey’s General Stores by 10.1% in the second quarter. Victory Capital Management Inc. now owns 447,014 shares of the company’s stock valued at $69,730,000 after purchasing an additional 40,998 shares during the period. 86.23% of the stock is owned by hedge funds and other 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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Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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