Casey’s General Stores (NASDAQ:CASY) Given New $145.00 Price Target at Wells Fargo & Co

Casey’s General Stores (NASDAQ:CASY) had its price objective upped by analysts at Wells Fargo & Co from $130.00 to $145.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Co‘s price objective would suggest a potential downside of 4.10% from the stock’s current price.

Several other analysts have also weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Casey’s General Stores in a research report on Thursday, April 25th. They set a “neutral” rating and a $140.00 target price on the stock. BidaskClub upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Gabelli reiterated a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, March 13th. Sidoti set a $138.00 target price on shares of Casey’s General Stores and gave the company a “hold” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Casey’s General Stores has a consensus rating of “Hold” and a consensus target price of $144.40.

NASDAQ:CASY opened at $151.20 on Wednesday. Casey’s General Stores has a 52-week low of $95.27 and a 52-week high of $151.29. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.36 billion, a PE ratio of 27.44, a P/E/G ratio of 2.67 and a beta of 0.45.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, June 10th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.27. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Casey’s General Stores will post 5.46 earnings per share for the current year.

In other Casey’s General Stores news, VP William J. Walljasper sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total value of $378,150.00. Following the transaction, the vice president now directly owns 24,785 shares in the company, valued at $3,124,149.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Julia L. Jackowski sold 12,500 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $125.95, for a total transaction 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 $4,149,296.80. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Casey’s General Stores by 1.2% in the first quarter. BlackRock Inc. now owns 3,224,026 shares of the company’s stock valued at $415,157,000 after buying an additional 36,695 shares in the last quarter. Clearbridge Investments LLC boosted its position in Casey’s General Stores by 2.0% in the first quarter. Clearbridge Investments LLC now owns 1,425,212 shares of the company’s stock valued at $183,525,000 after buying an additional 28,550 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Casey’s General Stores by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 711,674 shares of the company’s stock valued at $91,641,000 after buying an additional 7,095 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Casey’s General Stores in the first quarter valued at about $70,795,000. Finally, Atlanta Capital Management Co. L L C boosted its position in Casey’s General Stores by 0.3% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 497,586 shares of the company’s stock valued at $63,761,000 after buying an additional 1,501 shares in the last quarter. Hedge funds and other 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.

See Also: P/E Growth (PEG)

The Fly

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

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