BMO Capital on Casey's General Stores (CASY): 'Steady Results + Strong Outlook'

BMO Capital analyst Keely Bania reiterated a Market Perform rating and $700.00 price target on Casey's General Stores (NASDAQ: CASY).

The analyst commented: "Steady Results + Strong Outlook; CASY continued to meaningfully outperform c-store peers, with 2-year comp stacks of ~8%, traffic growth, margin expansion and steady gallons. While near-term oil volatility could drive week-to week volatility in fuel margins, CASY's February metrics were off to a steady start. Our estimates remain largely unchanged and call for continued 9-10% EBITDA growth in F27 and F28 which should be supported by highly incremental wing rollout. We remain Market Perform given valuation; target price remains $700."

For an analyst ratings summary and ratings history on Casey's General Stores click here. For more ratings news on Casey's General Stores click here.

Shares of Casey's General Stores closed at $689.92 yesterday.

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