Caseys General Stores, Inc. (NASDAQ:CASY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

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. “

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada set a $116.00 price objective on shares of Caseys General Stores and gave the company a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the company a “buy” rating in a research note on Friday, August 25th. BidaskClub cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. William Blair began coverage on shares of Caseys General Stores in a research note on Wednesday, July 12th. They issued an “outperform” rating for the company. Finally, Deutsche Bank AG set a $120.00 price objective on shares of Caseys General Stores and gave the company a “buy” rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $115.29.

Caseys General Stores (NASDAQ:CASY) opened at 105.49 on Thursday. Caseys General Stores has a one year low of $101.89 and a one year high of $134.58. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 23.55 and a beta of 0.50. The stock’s 50 day moving average is $105.99 and its 200-day moving average is $110.08.

Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.09. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the company posted $1.19 EPS. Caseys General Stores’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Caseys General Stores will post $4.48 earnings per share for the current fiscal year.

WARNING: “Caseys General Stores, Inc. (CASY) Rating Lowered to Sell at Zacks Investment Research” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/caseys-general-stores-inc-casy-rating-lowered-to-sell-at-zacks-investment-research/1537232.html.

In other Caseys General Stores news, SVP John C. Soupene sold 1,000 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total transaction of $106,520.00. Following the completion of the sale, the senior vice president now owns 1,253 shares of the company’s stock, valued at approximately $133,469.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

A number of large investors have recently made changes to their positions in CASY. Capstone Asset Management Co. boosted its stake in shares of Caseys General Stores by 13.5% in the first quarter. Capstone Asset Management Co. now owns 2,605 shares of the company’s stock valued at $292,000 after buying an additional 310 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of 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 valued at $270,000 after buying an additional 117 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Caseys General Stores by 26.7% in the first quarter. Nationwide Fund Advisors now owns 128,844 shares of the company’s stock valued at $14,463,000 after buying an additional 27,172 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Caseys General Stores by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 5,450 shares of the company’s stock valued at $612,000 after buying an additional 139 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Caseys General Stores by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,704 shares of the company’s stock valued at $1,538,000 after buying an additional 200 shares during the last quarter. 99.48% of the stock is owned by institutional investors and hedge funds.

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 Analyst Ratings Network's FREE daily email newsletter.