Deutsche Bank Increases Casey’s General Stores (NASDAQ:CASY) Price Target to $166.00

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Casey’s General Stores (NASDAQ:CASY) had its price objective boosted by investment analysts at Deutsche Bank from $147.00 to $166.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 7.97% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Casey’s General Stores from $140.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group boosted their price target on shares of Casey’s General Stores from $151.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Sidoti set a $147.00 price target on shares of Casey’s General Stores and gave the stock a “hold” rating in a research note on Tuesday, June 11th. Finally, BMO Capital Markets boosted their price target on shares of Casey’s General Stores to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 12th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $150.30.

NASDAQ:CASY traded up $1.77 during mid-day trading on Monday, hitting $153.75. 9,602 shares of the stock traded hands, compared to its average volume of 329,683. The firm’s 50-day moving average is $133.55. The company has a market cap of $5.57 billion, a P/E ratio of 27.90, a PEG ratio of 2.65 and a beta of 0.45. Casey’s General Stores has a 12-month low of $99.06 and a 12-month high of $154.35. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.23 and a current ratio of 0.69.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 10th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.41 by $0.27. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. Casey’s General Stores’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, sell-side analysts predict that Casey’s General Stores will post 5.71 EPS for the current year.

In other news, insider Terry W. Handley sold 8,106 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $149.67, for a total value of $1,213,225.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Julia L. Jackowski sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $149.49, for a total transaction of $2,989,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 43,606 shares of company stock valued at $6,155,550. Corporate insiders own 0.72% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Enlightenment Research LLC bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $26,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $29,000. FinTrust Capital Advisors LLC bought a new stake in shares of Casey’s General Stores during the first quarter valued at approximately $29,000. Valeo Financial Advisors LLC raised its position in shares of Casey’s General Stores by 2,500.0% during the first quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after buying an additional 300 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Casey’s General Stores by 170.3% during the first quarter. Quadrant Capital Group LLC now owns 346 shares of the company’s stock valued at $42,000 after buying an additional 218 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

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. 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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