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

Several other equities research analysts have also recently issued reports on CASY. BidaskClub raised Caseys General Stores from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 target price (down from $123.00) on shares of Caseys General Stores in a report on Monday, May 29th. BMO Capital Markets set a $110.00 target price on Caseys General Stores and gave the stock a “market perform” rating in a report on Wednesday, June 7th. Deutsche Bank AG set a $120.00 target price on Caseys General Stores and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, Barclays PLC reduced their target price on 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. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Caseys General Stores currently has a consensus rating of “Hold” and an average price target of $116.29.

Caseys General Stores (NASDAQ CASY) traded down 0.89% during midday trading on Monday, reaching $105.58. The company had a trading volume of 436,790 shares. The firm has a 50-day moving average price of $106.25 and a 200-day moving average price of $111.28. Caseys General Stores has a 52 week low of $101.89 and a 52 week high of $135.68. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 23.57 and a beta of 0.48.

Caseys General Stores (NASDAQ:CASY) last issued its earnings results on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts expect 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 John C. Soupene sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the sale, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at $133,469.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Large investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd bought a new stake in shares of Caseys General Stores during the second quarter valued at $1,667,000. State Street Corp boosted its stake in shares of Caseys General Stores by 0.7% in the second quarter. State Street Corp now owns 1,088,458 shares of the company’s stock valued at $116,577,000 after buying an additional 7,264 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Caseys General Stores during the second quarter valued at $162,421,000. Clear Perspective Advisors LLC boosted its stake in shares of Caseys General Stores by 8.9% in the second quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock valued at $131,000 after buying an additional 100 shares during the last quarter. Finally, Shelton Capital Management bought a new stake in shares of Caseys General Stores during the second quarter valued at $313,000. 98.60% of the stock is currently owned by institutional investors.

Caseys General Stores Company Profile

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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Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

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