Casey’s General Stores (NASDAQ:CASY) Coverage Initiated by Analysts at KeyCorp

Analysts at KeyCorp assumed coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a research report issued on Friday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $500.00 price target on the stock. KeyCorp’s price objective would suggest a potential upside of 9.35% from the stock’s current price.

A number of other research firms also recently weighed in on CASY. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI lifted their price objective on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Stephens raised Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. Finally, Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $430.33.

Casey’s General Stores Stock Up 4.4 %

CASY stock opened at $457.25 on Friday. The business’s fifty day moving average price is $418.43 and its two-hundred day moving average price is $407.75. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.40 and a beta of 0.74. Casey’s General Stores has a fifty-two week low of $306.60 and a fifty-two week high of $459.46. 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 (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $2.33 earnings per share. On average, equities analysts anticipate that Casey’s General Stores will post 13.94 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company’s stock, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mike Spanos bought 256 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its position in Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after acquiring an additional 3,065 shares during the period. Scholtz & Company LLC bought a new stake in shares of Casey’s General Stores in the fourth quarter worth $2,375,000. JLB & Associates Inc. increased its holdings 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 purchasing an additional 749 shares during the period. Segall Bryant & Hamill LLC raised its position in Casey’s General Stores by 9.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock worth $21,131,000 after purchasing an additional 4,458 shares during the last quarter. Finally, South Dakota Investment Council lifted its holdings in Casey’s General Stores by 28.0% during 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. Institutional investors own 85.63% of the company’s stock.

About Casey’s General Stores

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.