Casey’s General Stores (NASDAQ:CASY) Given New $450.00 Price Target at Evercore ISI

Casey’s General Stores (NASDAQ:CASY) had its price target dropped by equities research analysts at Evercore ISI from $460.00 to $450.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 17.58% from the company’s current price.

Several other analysts have also recently commented on CASY. BMO Capital Markets restated a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their target price on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $422.18.

Casey’s General Stores Price Performance

Shares of CASY stock traded up $1.05 during mid-day trading on Tuesday, reaching $382.73. The company’s stock had a trading volume of 95,336 shares, compared to its average volume of 266,211. The company has a market cap of $14.21 billion, a P/E ratio of 26.68, a PEG ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey’s General Stores has a 1-year low of $290.00 and a 1-year high of $445.17. The firm’s 50-day moving average is $410.00 and its two-hundred day moving average is $399.54.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 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 quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.24 earnings per share. On average, research analysts predict that Casey’s General Stores will post 13.94 earnings per share for the current year.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

A number of institutional investors have recently made changes to their positions in CASY. HighPoint Advisor Group LLC lifted its holdings in Casey’s General Stores by 1.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock worth $628,000 after purchasing an additional 25 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Casey’s General Stores by 1.3% during the third quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock worth $778,000 after buying an additional 27 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of Casey’s General Stores by 3.2% during the fourth quarter. Dark Forest Capital Management LP now owns 902 shares of the company’s stock worth $357,000 after buying an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the period. Finally, Verus Capital Partners LLC grew its stake in shares of Casey’s General Stores by 3.1% in the third quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock valued at $372,000 after acquiring an additional 30 shares in the last quarter. 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.