Analyst Anthony Bonadio from Wells Fargo maintained a Buy rating on Casey’s General (CASY – Research Report) and keeping the price target at $455.00.
Anthony Bonadio has given his Buy rating due to a combination of factors that highlight Casey’s General’s strong performance and growth potential. The company reported a significant earnings surprise in its third fiscal quarter, with adjusted earnings per share exceeding expectations. This was largely driven by a surprising increase in fuel sales, which outperformed market predictions and contributed positively to the company’s financial results.
Additionally, Casey’s General demonstrated resilience in its inside sales, maintaining momentum despite a challenging market environment. The company also raised its full-year guidance, reflecting confidence in its ongoing growth trajectory. These factors, coupled with effective execution in a volatile convenience store sector, underpin Bonadio’s positive outlook on the stock.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $485.00 price target.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CASY in relation to earlier this year.
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