Casey's General Stores (NASDAQ:CASY) Stock Price Expected to Rise, Evercore ISI Analyst Says

Casey's General Stores (NASDAQ:CASY - Get Free Report) had its price target upped by equities research analysts at Evercore ISI from $450.00 to $460.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Evercore ISI's price target suggests a potential upside of 10.62% from the company's current price.

Several other brokerages have also recently commented on CASY. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. BMO Capital Markets restated a "market perform" rating and set a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Finally, Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $424.00.

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Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded down $33.35 on Tuesday, hitting $415.82. The company had a trading volume of 729,654 shares, compared to its average volume of 279,355. Casey's General Stores has a 52 week low of $306.45 and a 52 week high of $458.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market cap of $15.43 billion, a PE ratio of 28.98, a PEG ratio of 2.40 and a beta of 0.74. The business has a 50-day simple moving average of $416.73 and a 200-day simple moving average of $404.81.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the company posted $2.33 EPS. The firm's quarterly revenue was up 17.2% on a year-over-year basis. Research analysts expect that Casey's General Stores will post 13.94 EPS for the current fiscal year.

Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos purchased 256 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CASY. HighPoint Advisor Group LLC lifted its holdings in Casey's General Stores by 1.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after purchasing an additional 25 shares during the last quarter. Dark Forest Capital Management LP raised its position in shares of Casey's General Stores by 3.2% in the fourth quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock valued at $357,000 after purchasing an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after buying an additional 30 shares during the period. Finally, Laidlaw Wealth Management LLC grew its stake in Casey's General Stores by 3.1% in the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after buying an additional 32 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

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.