Casey's General Stores, Inc. (NASDAQ:CASY) Given Consensus Rating of "Moderate Buy" by Analysts

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $424.00.

Several research firms recently weighed in on CASY. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday. BMO Capital Markets restated a "market perform" rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a research note on Tuesday, December 10th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, Evercore ISI upped their target price on Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a report on Friday, December 13th.

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Insider Transactions at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were 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 represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 500 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares of the company's stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Hedge Funds Weigh In On Casey's General Stores

Hedge funds have recently made changes to their positions in the company. Soros Capital Management LLC lifted its position in Casey's General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock worth $10,382,000 after acquiring an additional 26,197 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Casey's General Stores by 55.6% during the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after purchasing an additional 3,065 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Casey's General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock worth $5,532,000 after purchasing an additional 1,332 shares during the period. JLB & Associates Inc. boosted its position in Casey's General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock valued at $17,049,000 after buying an additional 749 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in Casey's General Stores by 28.0% in the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock worth $3,988,000 after buying an additional 2,200 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Trading Up 0.9 %

Shares of NASDAQ:CASY traded up $3.43 during trading on Wednesday, reaching $398.73. 348,526 shares of the company were exchanged, compared to its average volume of 265,713. The business's fifty day simple moving average is $410.44 and its 200-day simple moving average is $399.03. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey's General Stores has a 12-month low of $290.00 and a 12-month high of $445.17. The firm has a market capitalization of $14.80 billion, a PE ratio of 27.79, a P/E/G ratio of 2.40 and a beta of 0.87.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data 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 return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the business posted $4.24 EPS. Casey's General Stores's quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts anticipate that Casey's General Stores will post 13.94 EPS for the current year.

Casey's General Stores Company Profile

Casey's General Stores, Inc engages in the provision of 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.