Casey's General Stores (NASDAQ:CASY) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other research firms have also recently weighed in on CASY. Royal Bank of Canada reiterated a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 8th. Zacks Investment Research cut shares of Casey's General Stores from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Raymond James Financial restated a “market perform” rating on shares of Casey's General Stores in a report on Wednesday, December 6th. Wells Fargo & Co boosted their price target on shares of Casey's General Stores from $105.00 to $118.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Stephens set a $119.00 price target on shares of Casey's General Stores and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $116.00.

Casey's General Stores (NASDAQ:CASY) traded down $1.26 during midday trading on Friday, reaching $121.44. 696,291 shares of the company’s stock traded hands, compared to its average volume of 747,281. Casey's General Stores has a 12-month low of $99.76 and a 12-month high of $125.35. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.23. The stock has a market cap of $4,607.05, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.28 and a beta of 0.46.

Casey's General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 11th. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.12). Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts expect that Casey's General Stores will post 4.13 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Clear Perspective Advisors LLC grew its holdings in shares of Casey's General Stores by 8.9% during the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock valued at $131,000 after acquiring an additional 100 shares in the last quarter. Zions Bancorporation bought a new stake in Casey's General Stores in the third quarter worth $164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Casey's General Stores by 46.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after purchasing an additional 566 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Casey's General Stores in the third quarter worth $264,000. Finally, Trexquant Investment LP bought a new stake in Casey's General Stores in the third quarter worth $267,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

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Casey's General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

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

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