Casey’s General Stores (NASDAQ:CASY) Price Target Lowered to $345.00 at Evercore ISI

Casey’s General Stores (NASDAQ:CASY) had its price objective lowered by Evercore ISI from $350.00 to $345.00 in a research report released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on CASY. StockNews.com downgraded Casey’s General Stores from a strong-buy rating to a buy rating in a research note on Thursday, March 21st. Benchmark restated a buy rating and issued a $312.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Wells Fargo & Company raised their price target on Casey’s General Stores from $305.00 to $340.00 and gave the company an overweight rating in a research note on Tuesday, March 5th. Finally, BMO Capital Markets raised their price objective on Casey’s General Stores from $290.00 to $305.00 and gave the company a market perform rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $312.63.

Casey’s General Stores Stock Up 0.1 %

NASDAQ:CASY opened at $309.40 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. The company has a market cap of $11.45 billion, a PE ratio of 24.59, a PEG ratio of 2.50 and a beta of 0.83. Casey’s General Stores has a 52-week low of $212.50 and a 52-week high of $324.40. The stock has a 50-day simple moving average of $304.37 and a 200 day simple moving average of $285.78.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $2.36 earnings per share. On average, sell-side analysts expect that Casey’s General Stores will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.43 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.56%. Casey’s General Stores’s payout ratio is currently 13.67%.

Institutional Trading of Casey’s General Stores

Several hedge funds have recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC lifted its holdings in Casey’s General Stores by 1.2% during the 4th quarter. Cetera Advisor Networks LLC now owns 3,014 shares of the company’s stock worth $828,000 after purchasing an additional 37 shares during the last quarter. LexAurum Advisors LLC lifted its holdings in Casey’s General Stores by 3.1% during 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 during the last quarter. AdvisorShares Investments LLC lifted its holdings in Casey’s General Stores by 9.3% during the 4th quarter. AdvisorShares Investments LLC now owns 469 shares of the company’s stock worth $129,000 after purchasing an additional 40 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Casey’s General Stores by 12.8% during the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $112,000 after purchasing an additional 40 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Casey’s General Stores by 46.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 129 shares of the company’s stock valued at $31,000 after acquiring an additional 41 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.