Credit Suisse Group reissued their neutral rating on shares of Casey's General Stores (NASDAQ:CASY – Get Rating) in a research report report published on Thursday morning, Benzinga reports. The firm currently has a $254.00 target price on the stock.
Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company boosted their price target on Casey's General Stores to $270.00 in a research report on Monday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Casey's General Stores from $285.00 to $294.00 and gave the company a buy rating in a research report on Thursday. JPMorgan Chase & Co. raised Casey's General Stores from an underweight rating to a neutral rating and boosted their price target for the company from $173.00 to $211.00 in a research report on Friday, March 3rd. Stephens reissued an overweight rating and set a $280.00 price target on shares of Casey's General Stores in a research report on Wednesday. Finally, Benchmark reissued a buy rating and set a $275.00 price target on shares of Casey's General Stores in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $259.44.
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Casey's General Stores Stock Performance
Casey's General Stores stock opened at $211.72 on Thursday. The firm has a market capitalization of $7.89 billion, a P/E ratio of 17.60 and a beta of 0.82. The stock has a fifty day moving average price of $221.36 and a 200 day moving average price of $222.76. 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 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.63.
Casey's General Stores (NASDAQ:CASY – Get Rating) last released its earnings results on Wednesday, March 8th. The company reported $2.36 EPS for the quarter, beating the consensus estimate of $1.83 by $0.53. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.35 billion. Casey's General Stores had a return on equity of 18.02% and a net margin of 2.96%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 earnings per share. Equities research analysts anticipate that Casey's General Stores will post 11.6 earnings per share for the current year.
Casey's General Stores Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, April 28th. Casey's General Stores's payout ratio is 12.64%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of Casey's General Stores by 16.2% in the 1st quarter. American Century Companies Inc. now owns 12,483 shares of the company's stock valued at $2,474,000 after purchasing an additional 1,736 shares in the last quarter. Private Advisor Group LLC boosted its stake in Casey's General Stores by 13.5% during the 1st quarter. Private Advisor Group LLC now owns 2,478 shares of the company's stock valued at $491,000 after acquiring an additional 294 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Casey's General Stores by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company's stock worth $344,000 after acquiring an additional 54 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Casey's General Stores by 9.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 21,127 shares of the company's stock worth $4,311,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Casey's General Stores by 1.9% in the 1st quarter. Yousif Capital Management LLC now owns 15,024 shares of the company's stock worth $2,977,000 after purchasing an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 84.74% of the company's stock.
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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