Caseys General Stores, Inc. (NASDAQ:CASY) Rating Increased to Hold at BidaskClub
Caseys General Stores, Inc. (NASDAQ:CASY) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.
Other analysts have also recently issued reports about the stock. BMO Capital Markets set a $110.00 price target on shares of Caseys General Stores and gave the company a “market perform” rating in a report on Wednesday, June 7th. Barclays PLC cut their price target on shares of Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 7th. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a report on Saturday, July 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 price target (down from $123.00) on shares of Caseys General Stores in a report on Monday, May 29th. Finally, Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Caseys General Stores presently has a consensus rating of “Hold” and a consensus target price of $116.29.
Shares of Caseys General Stores (CASY) opened at 109.46 on Friday. The company’s 50-day moving average is $106.22 and its 200 day moving average is $111.65. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 24.43 and a beta of 0.48. Caseys General Stores has a 52 week low of $101.89 and a 52 week high of $135.68.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.09. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.88 billion. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. Analysts anticipate that Caseys General Stores will post $4.54 EPS for the current fiscal year.
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In other Caseys General Stores news, SVP Julia L. Jackowski sold 1,000 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $108.09, for a total transaction of $108,090.00. Following the sale, the senior vice president now directly owns 21,902 shares of the company’s stock, valued at $2,367,387.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of CASY. Advisory Services Network LLC acquired a new stake in shares of Caseys General Stores during the first quarter worth $115,000. Engine Capital Management LLC boosted its stake in Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after buying an additional 1,762 shares during the period. State of Alaska Department of Revenue boosted its stake in Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock worth $270,000 after buying an additional 117 shares during the period. Neuberger Berman Group LLC purchased a new stake in Caseys General Stores during the first quarter worth $275,000. Finally, First Bank & Trust boosted its stake in Caseys General Stores by 10.7% in the first quarter. First Bank & Trust now owns 2,496 shares of the company’s stock worth $280,000 after buying an additional 241 shares during the period. 96.21% of the stock is currently owned by institutional investors.
About Caseys General Stores
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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