These Analysts Boost Their Forecasts On Casey's General Stores After Upbeat Earnings - Casey's General St

　　Casey's General Stores, Inc. CASY reported better-than-expected quarterly financial results after the closing bell on Tuesday.

　　Sales of $3.60 billion exceeded the street view of $3.48 billion. EPS of $2.34 beat the consensus of $1.72, according to data from Benzinga Pro.

　　Inside same-store sales rose 5.6% and 12.4% over a two-year period, with an inside margin of 41.2%.

　　The Board of Directors increased the quarterly dividend by 16% to $0.50 per share. The dividend will be payable on August 15 to shareholders of record on August 1.

　　For FY25, the company expects EBITDA to increase by at least 8%. The company anticipates a 3% to 5% increase in inside same-store sales, with an inside margin similar to that of fiscal 2024.

　　“Casey's started its three-year strategic plan with a record fiscal year, exceeding $1 billion in EBITDA for the first time in the company's history,” Darren Rebelez, President and CEO, said. “Inside same-store sales were outstanding, up 4.4%, or 11.2% on a two-year stack basis, led by strong performance in pizza and bakery as well as alcoholic and non-alcoholic beverages.”

　　Casey's shares gained 16.7% to close at $381.13 on Wednesday.

　　These analysts made changes to their price targets on Casey's after the company reported quarterly results.

• 　　Deutsche Bankincreased the price target on Casey's from $375 to $420. Deutsche Bank analyst Krisztina Katai maintained a Buy rating.

• 　　Benchmarkraised Casey's price target from $350 to $410. Benchmark analyst John Lawrence maintained a Buy rating.

• 　　On Wednesday, Jefferiesraised the price target on Casey's from $342 to $445. Jefferies analyst Corey Tarlowe maintained a Buy rating.

• 　　On Wednesday, RBC Capitalincreased the price target on Casey's from $322 to $361. RBC Capital analyst Irene Nattel maintained a Sector Perform rating.