Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $725.00

Casey’s General Stores (NASDAQ:CASY) had its price objective increased by Wells Fargo & Company from $625.00 to $725.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

CASY has been the subject of several other research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $530.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Bank of America assumed coverage on Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating for the company. Royal Bank Of Canada restated a “sector perform” rating and set a $662.00 price objective on shares of Casey’s General Stores in a report on Friday, January 23rd. Finally, KeyCorp restated an “overweight” rating and set a $700.00 price objective on shares of Casey’s General Stores in a report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $647.00.

Casey’s General Stores Stock Up 0.8%

Casey’s General Stores stock opened at $683.89 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. Casey’s General Stores has a one year low of $372.08 and a one year high of $690.00. The company has a 50-day simple moving average of $628.11 and a 200-day simple moving average of $572.05. The firm has a market capitalization of $25.35 billion, a P/E ratio of 42.06, a P/E/G ratio of 2.39 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.85 earnings per share. As a group, equities analysts expect that Casey’s General Stores will post 13.94 earnings per share for the current year.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The stock was bought at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

A number of institutional investors have recently bought and sold shares of CASY. Stenger Family Office LLC boosted its position in shares of Casey’s General Stores by 233.3% during the 4th quarter. Stenger Family Office LLC now owns 1,743 shares of the company’s stock valued at $963,000 after purchasing an additional 1,220 shares in the last quarter. Banque Transatlantique SA grew its stake in Casey’s General Stores by 9.2% in the fourth quarter. Banque Transatlantique SA now owns 16,579 shares of the company’s stock valued at $9,164,000 after acquiring an additional 1,401 shares during the period. MidFirst Bank bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $549,000. Astoria Portfolio Advisors LLC. acquired a new position in shares of Casey’s General Stores during the fourth quarter worth approximately $196,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Casey’s General Stores during the fourth quarter worth approximately $516,000. Institutional investors own 85.63% of the company’s stock.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.