Casey’s General Stores (NASDAQ:CASY) Given New $167.00 Price Target at Jefferies Financial Group
Casey’s General Stores (NASDAQ:CASY) had its price target hoisted by Jefferies Financial Group from $151.00 to $167.00 in a report released on Wednesday morning, The Fly reports. Jefferies Financial Group currently has a buy rating on the stock. Jefferies Financial Group also issued estimates for Casey’s General Stores’ Q1 2020 earnings at $1.89 EPS, Q2 2020 earnings at $2.23 EPS, Q3 2020 earnings at $1.06 EPS, Q4 2020 earnings at $0.71 EPS, FY2020 earnings at $5.86 EPS, Q1 2021 earnings at $2.04 EPS, Q2 2021 earnings at $2.41 EPS, Q3 2021 earnings at $1.15 EPS, Q4 2021 earnings at $0.65 EPS, FY2021 earnings at $6.27 EPS, FY2022 earnings at $7.10 EPS, FY2023 earnings at $7.95 EPS and FY2024 earnings at $8.60 EPS.
Other equities research analysts also recently issued reports about the company. BidaskClub upgraded Casey’s General Stores from a sell rating to a hold rating in a report on Friday, May 10th. BMO Capital Markets raised their target price on Casey’s General Stores to $140.00 and gave the company a market perform rating in a report on Wednesday. JPMorgan Chase & Co. began coverage on Casey’s General Stores in a report on Thursday, April 25th. They set a neutral rating and a $140.00 target price on the stock. Sidoti set a $147.00 target price on Casey’s General Stores and gave the company a hold rating in a report on Tuesday. Finally, Zacks Investment Research lowered Casey’s General Stores from a buy rating to a hold rating in a research note on Tuesday, May 14th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Casey’s General Stores currently has a consensus rating of Hold and an average price target of $148.30.
Shares of NASDAQ:CASY opened at $151.98 on Wednesday. The stock has a market cap of $5.58 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.66 and a beta of 0.45. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.91. Casey’s General Stores has a one year low of $99.06 and a one year high of $154.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.29. Casey’s General Stores’s dividend payout ratio (DPR) is 21.05%.
In other news, SVP Julia L. Jackowski sold 12,500 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $125.95, for a total value of $1,574,375.00. Following the completion of the transaction, the senior vice president now owns 32,944 shares in the company, valued at approximately $4,149,296.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP William J. Walljasper sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.05, for a total value of $378,150.00. Following the completion of the transaction, the vice president now owns 24,785 shares of the company’s stock, valued at approximately $3,124,149.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,606 shares of company stock valued at $6,155,550. 0.72% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Enlightenment Research LLC acquired a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $26,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $29,000. FinTrust Capital Advisors LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter worth approximately $29,000. Rockefeller Capital Management L.P. acquired a new position in shares of Casey’s General Stores in the 1st quarter worth approximately $32,000. Finally, Valeo Financial Advisors LLC grew its position in shares of Casey’s General Stores by 2,500.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock worth $40,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.
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; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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