Casey’s General Stores (NASDAQ:CASY) Earns “Market Perform” Rating from BMO Capital Markets

Casey’s General Stores (NASDAQ:CASY)‘s stock had its “market perform” rating reissued by research analysts at BMO Capital Markets in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $450.00 target price on the stock, up from their prior target price of $400.00. BMO Capital Markets’ price target points to a potential upside of 9.98% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Gordon Haskett initiated coverage on Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price on the stock. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Royal Bank of Canada upped their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Benchmark reissued a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Trading Up 0.7 %

NASDAQ:CASY opened at $409.15 on Wednesday. The company has a market cap of $15.19 billion, a P/E ratio of 28.51 and a beta of 0.80. Casey’s General Stores has a twelve month low of $268.07 and a twelve month high of $439.68. The business has a 50 day moving average price of $407.76 and a two-hundred day moving average price of $383.76. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the prior year, the company posted $4.24 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, analysts expect that Casey’s General Stores will post 14.28 EPS for the current fiscal year.

Insider Transactions at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Casey’s General Stores

Several institutional investors have recently added to or reduced their stakes in CASY. Innealta Capital LLC acquired a new stake in shares of Casey’s General Stores during the second quarter worth $32,000. Venturi Wealth Management LLC raised its stake in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $68,000. Finally, Quarry LP bought a new position in shares of Casey’s General Stores during the second quarter worth approximately $72,000. 85.63% of the stock is currently owned by institutional investors.

About Casey’s General Stores

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.