Casey's General Stores (NASDAQ:CASY – Get Rating)'s stock had its "overweight" rating restated by investment analysts at Stephens in a report released on Wednesday, Benzinga reports. They currently have a $280.00 price objective on the stock. Stephens' target price would suggest a potential upside of 28.58% from the stock's current price.
Other equities research analysts also recently issued research reports about the company. Benchmark upped their target price on Casey's General Stores from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, December 8th. Royal Bank of Canada boosted their price target on Casey's General Stores from $268.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on Casey's General Stores to $270.00 in a research note on Monday, December 12th. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Casey's General Stores from $286.00 to $291.00 and gave the stock a "buy" rating in a research note on Thursday, December 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $259.44.
Get Casey's General Stores alerts:Casey's General Stores Stock Performance
Casey's General Stores stock opened at $217.77 on Wednesday. The stock has a fifty day moving average price of $221.61 and a 200 day moving average price of $222.77. Casey's General Stores has a 52 week low of $174.05 and a 52 week high of $249.90. The company has a current ratio of 1.08, a quick ratio of 0.65 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $8.11 billion, a P/E ratio of 18.10 and a beta of 0.82.
Casey's General Stores (NASDAQ:CASY – Get Rating) last posted its quarterly earnings results on Wednesday, March 8th. The company reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.53. Casey's General Stores had a return on equity of 18.45% and a net margin of 2.96%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the business earned $1.71 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Casey's General Stores will post 11.47 earnings per share for the current year.
Hedge Funds Weigh In On Casey's General Stores
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Money Concepts Capital Corp raised its holdings in shares of Casey's General Stores by 62.7% during the fourth quarter. Money Concepts Capital Corp now owns 122 shares of the company's stock worth $27,000 after acquiring an additional 47 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Casey's General Stores during the fourth quarter worth $29,000. Belpointe Asset Management LLC purchased a new stake in shares of Casey's General Stores during the fourth quarter worth $36,000. Ronald Blue Trust Inc. raised its holdings in shares of Casey's General Stores by 1,200.0% during the third quarter. Ronald Blue Trust Inc. now owns 169 shares of the company's stock worth $31,000 after acquiring an additional 156 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Casey's General Stores during the fourth quarter worth $41,000. 84.74% of the stock is owned by institutional investors.
About Casey's General Stores
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Casey's General Stores, Inc engages in the 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.
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