Casey’s General Stores (CASY) Given a $138.00 Price Target by Sidoti Analysts

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Casey’s General Stores (NASDAQ:CASY) has been given a $138.00 price objective by investment analysts at Sidoti in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Sidoti’s target price points to a potential upside of 1.81% from the stock’s current price.

Other analysts have also recently issued research reports about the company. BidaskClub upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, December 22nd. Gabelli reiterated a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, December 12th. Deutsche Bank set a $146.00 price objective on Casey’s General Stores and gave the company a “buy” rating in a research report on Wednesday, December 12th. Stephens reiterated a “buy” rating and set a $143.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 12th. Finally, Zacks Investment Research upgraded Casey’s General Stores from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $133.20.

Casey’s General Stores stock opened at $135.55 on Friday. The firm has a market cap of $4.96 billion, a P/E ratio of 35.58, a PEG ratio of 2.95 and a beta of 0.43. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.81 and a quick ratio of 0.26. Casey’s General Stores has a one year low of $90.42 and a one year high of $137.08.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 10th. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.19. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Casey’s General Stores had a return on equity of 13.24% and a net margin of 3.77%. Casey’s General Stores’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, research analysts anticipate that Casey’s General Stores will post 5.05 earnings per share for the current year.

In other Casey’s General Stores news, VP William J. Walljasper sold 7,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $135.05, for a total value of $945,350.00. Following the completion of the sale, the vice president now owns 28,865 shares in the company, valued at $3,898,218.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Terry W. Handley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $131.80, for a total value of $395,400.00. Following the completion of the sale, the insider now owns 34,945 shares of the company’s stock, valued at approximately $4,605,751. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,300 shares of company stock valued at $1,893,042. Company insiders own 0.72% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $26,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $29,000. Parallel Advisors LLC bought a new position in shares of Casey’s General Stores in the third quarter worth about $139,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $150,000. Finally, Magnus Financial Group LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $201,000. 96.36% of the stock is owned by hedge funds and other institutional investors.

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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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