Casey’s General Stores (NASDAQ:CASY) Upgraded at Northcoast Research

Casey’s General Stores (NASDAQ:CASY) was upgraded by equities researchers at Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a $410.00 target price on the stock. Northcoast Research’s price target would suggest a potential upside of 8.92% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Casey’s General Stores from $375.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Benchmark lifted their price objective on shares of Casey’s General Stores from $350.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Jefferies Financial Group lifted their price objective on shares of Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Casey’s General Stores from $322.00 to $361.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 12th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $383.10.

Casey’s General Stores Stock Performance

CASY stock opened at $376.44 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.63 and a beta of 0.80. Casey’s General Stores has a 1 year low of $238.44 and a 1 year high of $389.43. The stock’s fifty day moving average is $351.90 and its two-hundred day moving average is $316.23.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. On average, research analysts predict that Casey’s General Stores will post 14.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. LexAurum Advisors LLC increased its stake in Casey’s General Stores by 3.1% in the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock worth $362,000 after purchasing an additional 40 shares in the last quarter. AdvisorShares Investments LLC increased its stake in Casey’s General Stores by 9.3% in the 4th quarter. AdvisorShares Investments LLC now owns 469 shares of the company’s stock worth $129,000 after purchasing an additional 40 shares in the last quarter. GAMMA Investing LLC increased its stake in Casey’s General Stores by 12.8% in the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $112,000 after purchasing an additional 40 shares in the last quarter. Arbor Capital Management Inc. ADV increased its stake in Casey’s General Stores by 0.9% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 4,567 shares of the company’s stock worth $1,261,000 after purchasing an additional 42 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Casey’s General Stores by 5.0% in the 4th quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock worth $284,000 after purchasing an additional 49 shares in 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, 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.