Brokerages Set Casey's General Stores, Inc. (NASDAQ:CASY) PT at $430.33

Shares of Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $430.33.

Several research firms recently weighed in on CASY. Evercore ISI lifted their target price on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Stephens raised Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. KeyCorp assumed coverage on Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 price target on the stock. Finally, StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th.

Casey's General Stores Stock Performance

NASDAQ CASY traded up $9.17 on Thursday, hitting $463.40. 257,008 shares of the company traded hands, compared to its average volume of 286,186. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The business's 50 day moving average price is $424.73 and its 200-day moving average price is $414.43. Casey's General Stores has a 52-week low of $313.67 and a 52-week high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey's General Stores's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. Equities analysts expect that Casey's General Stores will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos bought 256 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Institutional Trading of Casey's General Stores

A number of institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC lifted its position in Casey's General Stores by 4.1% in the first quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company's stock worth $256,000 after buying an additional 23 shares during the last quarter. HighPoint Advisor Group LLC lifted its position 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 worth $628,000 after buying an additional 25 shares during the last quarter. Burns J W & Co. Inc. NY lifted its position in Casey's General Stores by 2.1% in the first quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company's stock worth $522,000 after buying an additional 25 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Casey's General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock worth $812,000 after buying an additional 26 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its position in Casey's General Stores by 3.2% in 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 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.