Caseys General Stores, Inc. (CASY) Rating Increased to Hold at Zacks Investment Research

Caseys General Stores, Inc. (NASDAQ:CASY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Casey’s General Stores, Inc. operate convenience stores under the name Casey’s General Store in Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a broad selection of food (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other non-food items. In addition, all stores offer gasoline for sale on a self-service basis. “

Other equities research analysts have also recently issued reports about the stock. Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a research report on Friday, August 25th. Royal Bank Of Canada set a $116.00 price objective on shares of Caseys General Stores and gave the stock a “hold” rating in a research report on Monday, August 28th. Finally, BidaskClub raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $115.29.

Caseys General Stores (CASY) opened at $115.98 on Monday. Caseys General Stores has a 12-month low of $99.76 and a 12-month high of $126.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.48. The stock has a market cap of $4,381.66, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 2.48 and a beta of 0.45.

Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company posted $1.70 earnings per share. Caseys General Stores’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts predict that Caseys General Stores will post 4.31 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/11/15/caseys-general-stores-inc-casy-rating-increased-to-hold-at-zacks-investment-research.html.

In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the transaction, the senior vice president now directly owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Caseys General Stores by 2.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,086 shares of the company’s stock valued at $4,497,000 after buying an additional 864 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Caseys General Stores by 607.7% in the third quarter. Cubist Systematic Strategies LLC now owns 4,600 shares of the company’s stock valued at $503,000 after buying an additional 3,950 shares in the last quarter. Engine Capital Management LLC lifted its stake in shares of Caseys General Stores by 46.5% in the third quarter. Engine Capital Management LLC now owns 2,930 shares of the company’s stock valued at $321,000 after buying an additional 930 shares in the last quarter. Zions Bancorporation bought a new position in shares of Caseys General Stores in the third quarter valued at $164,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Caseys General Stores by 20.4% in the third quarter. Janus Henderson Group PLC now owns 1,825,662 shares of the company’s stock valued at $199,819,000 after buying an additional 309,263 shares in the last quarter. 98.58% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

Receive News & Ratings for Caseys General Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caseys General Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply