Benchmark Reiterates “Buy” Rating for Casey’s General Stores (NASDAQ:CASY)

Casey’s General Stores (NASDAQ:CASY)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $410.00 price objective on the stock. Benchmark’s target price points to a potential upside of 13.16% from the company’s previous close.

Several other research firms have also recently issued reports on CASY. Jefferies Financial Group increased their price objective on Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. BMO Capital Markets raised their price target on Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Royal Bank of Canada restated a “sector perform” rating and set a $393.00 price objective on shares of Casey’s General Stores in a research report on Monday, July 29th. Evercore ISI increased their target price on Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $410.22.

Casey’s General Stores Trading Up 1.0 %

NASDAQ:CASY opened at $362.31 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The stock’s 50 day simple moving average is $374.84 and its 200-day simple moving average is $340.73. Casey’s General Stores has a 12-month low of $238.44 and a 12-month high of $401.07. The firm has a market cap of $13.45 billion, a P/E ratio of 26.98, a PEG ratio of 2.52 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.64. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.47 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 earnings per share. Equities analysts anticipate that Casey’s General Stores will post 14.06 EPS for the current year.

Institutional Investors Weigh In On Casey’s General Stores

Several institutional investors have recently bought and sold shares of CASY. Park Place Capital Corp acquired a new stake in Casey’s General Stores during the 2nd quarter valued at $31,000. Innealta Capital LLC purchased a new stake in shares of Casey’s General Stores during the second quarter worth about $32,000. Rise Advisors LLC acquired a new position in shares of Casey’s General Stores in the first quarter worth about $30,000. Advisors Asset Management Inc. purchased a new position in Casey’s General Stores in the first quarter valued at about $32,000. Finally, Bank & Trust Co acquired a new stake in Casey’s General Stores during the 2nd quarter valued at approximately $40,000. 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, 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.