Casey’s General Stores (NASDAQ:CASY) Stock Rating Reaffirmed by Raymond James

Casey’s General Stores (NASDAQ:CASY)‘s stock had its “market perform” rating reiterated by research analysts at Raymond James in a research note issued to investors on Tuesday, Benzinga reports.

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Casey’s General Stores from $220.00 to $217.00 in a research report on Wednesday, March 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Casey’s General Stores currently has a consensus rating of “Hold” and a consensus target price of $208.10.

Shares of NASDAQ:CASY opened at $217.51 on Tuesday. The business’s 50 day moving average is $209.51 and its 200 day moving average is $191.69. The company has a quick ratio of 0.85, a current ratio of 1.30 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.04 billion, a P/E ratio of 24.66 and a beta of 0.88. Casey’s General Stores has a 52-week low of $139.41 and a 52-week high of $221.29.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Sunday, March 7th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.07. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Casey’s General Stores had a net margin of 3.92% and a return on equity of 19.21%. On average, sell-side analysts anticipate that Casey’s General Stores will post 7.95 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in Casey’s General Stores by 5.1% during the fourth quarter. Parallel Advisors LLC now owns 1,106 shares of the company’s stock worth $198,000 after acquiring an additional 54 shares during the period. Blair William & Co. IL lifted its stake in Casey’s General Stores by 3.6% in the 4th quarter. Blair William & Co. IL now owns 2,068 shares of the company’s stock valued at $369,000 after buying an additional 72 shares in the last quarter. First Bank & Trust boosted its holdings in Casey’s General Stores by 6.6% in the 4th quarter. First Bank & Trust now owns 1,727 shares of the company’s stock worth $308,000 after buying an additional 107 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Casey’s General Stores by 4.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,380 shares of the company’s stock worth $425,000 after buying an additional 108 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in Casey’s General Stores by 7.4% during the 4th quarter. SeaCrest Wealth Management LLC now owns 2,351 shares of the company’s stock worth $420,000 after buying an additional 161 shares in the last quarter. 83.08% of the stock is owned by 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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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

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