Casey’s General Stores (NASDAQ:CASY) Earns Outperform Rating from Analysts at BNP Paribas Exane

Research analysts at BNP Paribas Exane initiated coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $730.00 price target on the stock. BNP Paribas Exane’s target price would indicate a potential upside of 13.21% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research report on Thursday, January 8th. KeyCorp lifted their price objective on Casey’s General Stores from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Evercore ISI raised their price target on Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Wells Fargo & Company boosted their price target on Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $614.91.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $644.81 on Tuesday. The business has a 50 day moving average price of $566.17 and a 200 day moving average price of $542.59. The company has a market capitalization of $23.90 billion, a P/E ratio of 39.65, a PEG ratio of 2.26 and a beta of 0.67. Casey’s General Stores has a 1-year low of $372.08 and a 1-year high of $641.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.Casey’s General Stores’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.85 earnings per share. Sell-side analysts expect that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Insider Activity at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were acquired at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the acquisition, the director directly owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Casey’s General Stores

Institutional investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. raised its stake in Casey’s General Stores by 129.1% during the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock worth $503,635,000 after purchasing an additional 502,104 shares during the period. Victory Capital Management Inc. raised its position in shares of Casey’s General Stores by 35.4% in the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after buying an additional 206,777 shares during the period. Franklin Resources Inc. boosted its holdings in Casey’s General Stores by 7.0% in the third quarter. Franklin Resources Inc. now owns 758,212 shares of the company’s stock valued at $428,632,000 after acquiring an additional 49,319 shares during the last quarter. Invesco Ltd. grew its position in Casey’s General Stores by 5.0% during the third quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock valued at $287,182,000 after acquiring an additional 24,091 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Casey’s General Stores by 9.1% during the second quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock worth $229,070,000 after acquiring an additional 37,625 shares during the last quarter. 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 (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.