Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $425.00 at Wells Fargo & Company

Casey’s General Stores (NASDAQ:CASY) had its price target lifted by analysts at Wells Fargo & Company from $415.00 to $425.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 11.62% from the stock’s previous close.

Several other research firms also recently weighed in on CASY. Royal Bank of Canada lifted their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research note on Tuesday. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Jefferies Financial Group lifted their target price on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Evercore ISI lifted their target price on shares of Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.20.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $380.74 on Friday. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 2.52 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. Casey’s General Stores has a 52 week low of $238.44 and a 52 week high of $401.07. The firm’s 50-day simple moving average is $373.73 and its two-hundred day simple moving average is $341.57.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.52 earnings per share. As a group, equities analysts forecast that Casey’s General Stores will post 14.06 earnings per share for the current year.

Hedge Funds Weigh In On Casey’s General Stores

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc raised its holdings in Casey’s General Stores by 10.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 317 shares of the company’s stock valued at $121,000 after buying an additional 29 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Casey’s General Stores by 0.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company’s stock valued at $4,872,000 after buying an additional 37 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in Casey’s General Stores by 9.3% during the 4th quarter. AdvisorShares Investments LLC now owns 469 shares of the company’s stock valued at $129,000 after buying an additional 40 shares during the last quarter. GAMMA Investing LLC raised its holdings in Casey’s General Stores by 12.8% during the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $112,000 after buying an additional 40 shares during the last quarter. Finally, Prairie Wealth Advisors Inc. raised its holdings in Casey’s General Stores by 0.9% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 4,535 shares of the company’s stock valued at $1,730,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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. 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.