Casey’s General Stores (NASDAQ:CASY) Price Target Lowered to $345.00 at Evercore ISI

Casey’s General Stores (NASDAQ:CASY) had its price target lowered by Evercore ISI from $350.00 to $345.00 in a report released on Tuesday, Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a market perform rating in a research report on Wednesday, March 13th. Benchmark reaffirmed a buy rating and set a $312.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Wells Fargo & Company lifted their price target on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an overweight rating in a research note on Tuesday, March 5th. Finally, StockNews.com lowered shares of Casey’s General Stores from a strong-buy rating to a buy rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $312.63.

Casey’s General Stores Stock Down 0.1 %

CASY stock opened at $312.55 on Tuesday. The firm has a 50-day moving average of $303.21 and a two-hundred day moving average of $285.45. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.48 and a beta of 0.83. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. Casey’s General Stores has a 12 month low of $212.50 and a 12 month high of $324.40.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.36 EPS. As a group, analysts forecast that Casey’s General Stores will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 13.67%.

Institutional Trading of Casey’s General Stores

Hedge funds and other institutional investors have recently made changes to their positions in the company. Impax Asset Management Group plc purchased a new stake in Casey’s General Stores during the fourth quarter worth about $2,596,000. Comerica Bank acquired a new position in Casey’s General Stores during the third quarter worth approximately $5,834,000. Quantbot Technologies LP acquired a new position in Casey’s General Stores during the third quarter worth approximately $1,336,000. Lord Abbett & CO. LLC acquired a new stake in shares of Casey’s General Stores in the third quarter worth $21,993,000. Finally, Zions Bancorporation N.A. increased its position in shares of Casey’s General Stores by 2.7% in the third quarter. Zions Bancorporation N.A. now owns 6,184 shares of the company’s stock worth $1,679,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 85.63% 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. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.