Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $460.00 at Evercore ISI

Casey’s General Stores (NASDAQ:CASY) had its price target lifted by Evercore ISI from $450.00 to $460.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

CASY has been the subject of a number of other reports. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Up 1.5 %

Shares of Casey’s General Stores stock opened at $440.63 on Tuesday. Casey’s General Stores has a twelve month low of $306.45 and a twelve month high of $445.17. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.40 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The business’s 50 day simple moving average is $414.96 and its 200-day simple moving average is $403.98.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 EPS. Equities research analysts forecast that Casey’s General Stores will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares of the company’s stock, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Casey’s General Stores

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CASY. Sanctuary Advisors LLC increased its stake in shares of Casey’s General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after purchasing an additional 3,065 shares during the period. JLB & Associates Inc. lifted its holdings in shares of Casey’s General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after buying an additional 749 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Casey’s General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock worth $21,131,000 after buying an additional 4,458 shares during the last quarter. South Dakota Investment Council boosted its position in shares of Casey’s General Stores by 28.0% in the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock valued at $3,988,000 after acquiring an additional 2,200 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter worth $45,224,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.