Casey's General Stores (NASDAQ:CASY) Earns Hold Rating from Analysts at Gordon Haskett

Analysts at Gordon Haskett started coverage on shares of Casey's General Stores (NASDAQ:CASY - Get Free Report) in a research report issued on Monday, MarketBeat Ratings reports. The firm set a "hold" rating and a $400.00 price target on the stock. Gordon Haskett's price objective indicates a potential upside of 4.96% from the stock's current price.

CASY has been the topic of a number of other reports. Evercore ISI boosted their target price on Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey's General Stores from $420.00 to $444.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Casey's General Stores from $393.00 to $403.00 and gave the stock a "sector perform" rating in a research note on Thursday, September 5th. Finally, Benchmark restated a "buy" rating and set a $410.00 price target on shares of Casey's General Stores in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $407.42.

Casey's General Stores Stock Down 3.1 %

Shares of NASDAQ:CASY traded down $12.11 during midday trading on Monday, hitting $381.08. 302,041 shares of the company's stock traded hands, compared to its average volume of 270,553. The company has a market cap of $14.15 billion, a PE ratio of 27.74 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey's General Stores has a twelve month low of $266.56 and a twelve month high of $401.17. The firm's fifty day moving average price is $378.56 and its two-hundred day moving average price is $363.55.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.15 billion. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $4.52 earnings per share. On average, equities research analysts anticipate that Casey's General Stores will post 14.01 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the transaction, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 0.00 % 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. In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares of the company's stock, valued at approximately $3,438,890.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey's General Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Casey's General Stores

Institutional investors and hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in shares of Casey's General Stores by 10.1% in the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company's stock valued at $121,000 after buying an additional 29 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Casey's General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Casey's General Stores by 0.3% during the second quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company's stock worth $4,872,000 after purchasing an additional 37 shares during the period. Raleigh Capital Management Inc. lifted its holdings in Casey's General Stores by 12.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 354 shares of the company's stock worth $133,000 after buying an additional 39 shares during the period. Finally, Prairie Wealth Advisors Inc. grew its position in shares of Casey's General Stores by 0.9% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 4,535 shares of the company's stock valued at $1,730,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

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.