Capital One Financial Begins Coverage on Casey’s General Stores (NASDAQ:CASY)

Capital One Financial assumed coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a report issued on Monday. The firm set an “equal weight” rating and a $896.00 price target on the stock. Capital One Financial‘s target price would indicate a potential upside of 6.38% from the stock’s previous close.

A number of other brokerages also recently commented on CASY. William Blair began coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They issued an “outperform” rating for the company. BMO Capital Markets raised their price target on shares of Casey’s General Stores from $700.00 to $950.00 and gave the company a “market perform” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,000.00 price objective on shares of Casey’s General Stores in a research report on Monday, June 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Finally, Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $923.00.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $842.25 on Monday. The company has a market cap of $31.13 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. Casey’s General Stores has a twelve month low of $490.00 and a twelve month high of $927.85. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $812.00 and a 200-day simple moving average of $696.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. Casey’s General Stores’s quarterly revenue was up 14.5% on a year-over-year basis. Analysts anticipate that Casey’s General Stores will post 20.9 EPS for the current year.

Hedge Funds Weigh In On Casey’s General Stores

A number of institutional investors and hedge funds have recently bought and sold shares of CASY. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Casey’s General Stores during the 3rd quarter worth approximately $25,000. Central Pacific Bank Trust Division grew its position in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC grew its position in Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Whipplewood Advisors LLC acquired a new stake in Casey’s General Stores during the first quarter worth $33,000. Finally, ORG Partners LLC increased its stake in Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after acquiring an additional 20 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Company Profile

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.