Jefferies Financial Group Analysts Give Casey’s General Stores (NASDAQ:CASY) a $192.00 Price Target

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Jefferies Financial Group set a $192.00 target price on Casey’s General Stores (NASDAQ:CASY) in a research note issued to investors on Tuesday, TipRanks reports. The firm currently has a buy rating on the stock. Jefferies Financial Group also issued estimates for Casey’s General Stores’ Q2 2020 earnings at $2.15 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $0.72 EPS, FY2020 earnings at $6.14 EPS, Q1 2021 earnings at $2.53 EPS, Q2 2021 earnings at $2.42 EPS, Q3 2021 earnings at $1.21 EPS, FY2021 earnings at $6.89 EPS, FY2022 earnings at $7.61 EPS, FY2023 earnings at $8.38 EPS and FY2024 earnings at $8.94 EPS.

CASY has been the subject of several other research reports. BMO Capital Markets increased their target price on Casey’s General Stores to $170.00 and gave the stock a market perform rating in a research report on Wednesday. Wells Fargo & Co raised their price target on Casey’s General Stores from $145.00 to $165.00 and gave the company a market perform rating in a report on Wednesday. Stephens raised their price target on Casey’s General Stores from $181.00 to $197.00 and gave the company an overweight rating in a report on Wednesday. Royal Bank of Canada cut Casey’s General Stores from a sector perform rating to an underperform rating and raised their price target for the company from $144.00 to $158.00 in a report on Thursday, August 29th. Finally, BidaskClub cut Casey’s General Stores from a strong-buy rating to a buy rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $172.00.

Shares of NASDAQ:CASY traded up $0.97 during trading on Tuesday, hitting $170.78. 14,306 shares of the company’s stock were exchanged, compared to its average volume of 388,886. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.23. Casey’s General Stores has a 52-week low of $116.23 and a 52-week high of $173.31. The business’s 50-day simple moving average is $167.08 and its 200 day simple moving average is $145.70. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 3.24 and a beta of 0.55.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.28. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the business posted $1.90 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that Casey’s General Stores will post 6.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, October 31st. Casey’s General Stores’s dividend payout ratio is presently 23.23%.

In other news, SVP Brian Joseph Johnson sold 4,000 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total value of $625,920.00. Following the completion of the transaction, the senior vice president now owns 14,817 shares in the company, valued at approximately $2,318,564.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director H Lynn Horak sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $154.55, for a total value of $463,650.00. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its stake in shares of Casey’s General Stores by 1,322.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 417,519 shares of the company’s stock worth $65,129,000 after acquiring an additional 388,168 shares during the last quarter. Carillon Tower Advisers Inc. lifted its stake in shares of Casey’s General Stores by 29.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock worth $129,553,000 after acquiring an additional 187,330 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Casey’s General Stores by 320.4% during the 2nd quarter. AQR Capital Management LLC now owns 194,800 shares of the company’s stock worth $30,387,000 after acquiring an additional 148,466 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Casey’s General Stores during the 2nd quarter worth approximately $22,867,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Casey’s General Stores during the 2nd quarter worth approximately $19,110,000. Hedge funds and other institutional investors own 87.60% 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. 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.

Further Reading: Short Selling Stocks, A Beginner’s Guide

Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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