Casey’s General Stores (NASDAQ:CASY) Stock Rating Upgraded by Gordon Haskett

Casey’s General Stores (NASDAQ:CASY) was upgraded by analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a research note issued on Thursday, MarketBeat.com reports.

CASY has been the topic of a number of other reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Evercore ISI upped their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Monday, February 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Trading Down 2.3 %

Shares of Casey’s General Stores stock opened at $432.17 on Thursday. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 2.48 and a beta of 0.83. The business has a fifty day simple moving average of $410.19 and a two-hundred day simple moving average of $395.24. Casey’s General Stores has a 1 year low of $284.57 and a 1 year high of $445.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the prior year, the business earned $4.24 EPS. Casey’s General Stores’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Casey’s General Stores will post 13.94 EPS for the current year.

Insider Transactions at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos acquired 500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. HighPoint Advisor Group LLC boosted its holdings in Casey’s General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after acquiring an additional 25 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Casey’s General Stores by 1.3% in the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock worth $778,000 after purchasing an additional 27 shares during the period. Dark Forest Capital Management LP lifted its position in shares of Casey’s General Stores by 3.2% in the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company’s stock worth $357,000 after purchasing an additional 28 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

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.