Deutsche Bank Aktiengesellschaft Boosts Casey’s General Stores (NASDAQ:CASY) Price Target to $454.00

Casey’s General Stores (NASDAQ:CASY) had its price objective raised by analysts at Deutsche Bank Aktiengesellschaft from $451.00 to $454.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 9.83% from the stock’s current price.

A number of other brokerages have also weighed in on CASY. Evercore ISI raised their price target on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price target on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price for the company in a report on Thursday, July 11th. Finally, Royal Bank of Canada increased their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Stock Up 1.0 %

Shares of CASY opened at $413.37 on Wednesday. The firm has a market cap of $15.34 billion, a P/E ratio of 30.09 and a beta of 0.79. Casey’s General Stores has a 12 month low of $266.56 and a 12 month high of $416.60. The stock’s 50 day moving average is $381.07 and its two-hundred day moving average is $365.32. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.52 EPS. Analysts predict that Casey’s General Stores will post 14.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CASY. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Casey’s General Stores in the first quarter valued at $794,000. Bailard Inc. acquired a new position in Casey’s General Stores in the 2nd quarter valued at about $1,021,000. SG Americas Securities LLC purchased a new stake in Casey’s General Stores during the second quarter worth about $2,183,000. Cetera Investment Advisers lifted its position in shares of Casey’s General Stores by 255.8% during the first quarter. Cetera Investment Advisers now owns 9,291 shares of the company’s stock worth $2,959,000 after purchasing an additional 6,680 shares in the last quarter. Finally, Evexia Wealth LLC boosted its stake in shares of Casey’s General Stores by 42.7% in the third quarter. Evexia Wealth LLC now owns 14,606 shares of the company’s stock valued at $5,440,000 after purchasing an additional 4,369 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

About Casey’s General Stores

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.