Casey’s General Stores (NASDAQ:CASY) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a research note issued to investors on Thursday. The firm set a “buy” rating on the stock.

A number of other equities research analysts have also recently commented on the company. Evercore ISI raised their price target on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. KeyCorp reissued an “overweight” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. BMO Capital Markets upped their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 10th. Finally, UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $585.67.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock traded up $15.23 on Thursday, hitting $588.84. 122,599 shares of the company’s stock were exchanged, compared to its average volume of 208,164. The stock has a market capitalization of $21.83 billion, a PE ratio of 36.15 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The company has a 50-day simple moving average of $551.40 and a 200-day simple moving average of $536.45. Casey’s General Stores has a 1 year low of $372.08 and a 1 year high of $592.18.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the prior year, the business posted $4.85 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts anticipate that Casey’s General Stores will post 13.94 EPS for the current year.

Insiders Place Their Bets

In related news, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Casey’s General Stores

Several hedge funds have recently made changes to their positions in the company. Wedmont Private Capital grew its holdings in Casey’s General Stores by 21.7% during the fourth quarter. Wedmont Private Capital now owns 454 shares of the company’s stock worth $260,000 after acquiring an additional 81 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Casey’s General Stores by 3.0% during the 4th quarter. Gilbert & Cook Inc. now owns 1,200 shares of the company’s stock worth $663,000 after purchasing an additional 35 shares during the period. Sagespring Wealth Partners LLC increased its holdings in shares of Casey’s General Stores by 76.0% during the 4th quarter. Sagespring Wealth Partners LLC now owns 952 shares of the company’s stock valued at $526,000 after purchasing an additional 411 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the period. Finally, Leibman Financial Services Inc. boosted its holdings in Casey’s General Stores by 79.1% during the fourth quarter. Leibman Financial Services Inc. now owns 4,506 shares of the company’s stock worth $2,491,000 after buying an additional 1,990 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.