Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $830.00 at KeyCorp

Casey’s General Stores (NASDAQ:CASY) had its price objective upped by KeyCorp from $730.00 to $830.00 in a report published on Monday, MarketBeat.com reports. They currently have an overweight rating on the stock.

Several other analysts have also recently weighed in on CASY. Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. UBS Group increased their target price on shares of Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Stephens reiterated an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a research note on Tuesday, March 10th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $711.91.

Casey’s General Stores Stock Up 1.8%

CASY stock opened at $768.45 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 2.46 and a beta of 0.61. The business’s fifty day moving average price is $696.90 and its two-hundred day moving average price is $614.65. Casey’s General Stores has a fifty-two week low of $430.00 and a fifty-two week high of $774.23.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business posted $2.33 earnings per share. Casey’s General Stores’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts anticipate that Casey’s General Stores will post 18.1 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.09%.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mike Spanos acquired 300 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Casey’s General Stores

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cannon Global Investment Management LLC acquired a new stake in shares of Casey’s General Stores in the 3rd quarter valued at approximately $1,018,000. Advisors Capital Management LLC increased its position in Casey’s General Stores by 4.4% during the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock worth $27,336,000 after purchasing an additional 2,026 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Casey’s General Stores by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock worth $108,065,000 after purchasing an additional 1,950 shares in the last quarter. AE Wealth Management LLC lifted its stake in Casey’s General Stores by 82.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $1,456,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Dillon & Associates Inc. lifted its stake in Casey’s General Stores by 25.1% in the 3rd quarter. Dillon & Associates Inc. now owns 25,737 shares of the company’s stock valued at $14,541,000 after purchasing an additional 5,161 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.