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

Several other analysts also recently issued reports on CASY. Goldman Sachs Group, Inc. (The) started coverage on Caseys General Stores in a report on Thursday, April 27th. They issued a “neutral” rating and a $109.00 price target on the stock. Jefferies Group LLC set a $139.00 price target on Caseys General Stores and gave the stock a “buy” rating in a report on Thursday, May 18th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price target (down previously from $123.00) on shares of Caseys General Stores in a report on Monday, May 29th. BMO Capital Markets set a $116.00 price target on Caseys General Stores and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, Sidoti downgraded Caseys General Stores from a “buy” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $118.00 in a report on Tuesday, June 6th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $116.29.

Caseys General Stores (CASY) traded down 0.89% on Monday, hitting $105.58. The stock had a trading volume of 436,790 shares. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 23.57 and a beta of 0.48. Caseys General Stores has a 12-month low of $101.89 and a 12-month high of $135.68. The company’s 50 day moving average price is $106.25 and its 200-day moving average price is $111.28.

Caseys General Stores (NASDAQ:CASY) last announced 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 the consensus estimate of $1.88 billion. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.19 EPS. Equities research analysts anticipate that Caseys General Stores will post $4.54 EPS for the current year.

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In other Caseys General Stores news, SVP Julia L. Jackowski sold 1,000 shares of Caseys General Stores stock in a transaction on Monday, June 19th. The stock was sold at an average price of $108.09, for a total transaction of $108,090.00. Following the sale, the senior vice president now owns 21,902 shares of the company’s stock, valued at approximately $2,367,387.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in CASY. Teachers Advisors LLC increased its stake in shares of Caseys General Stores by 10.3% in the fourth quarter. Teachers Advisors LLC now owns 79,346 shares of the company’s stock valued at $9,433,000 after buying an additional 7,429 shares during the last quarter. Capstone Asset Management Co. boosted its position 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 period. Louisiana State Employees Retirement System boosted its position in shares of Caseys General Stores by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the company’s stock valued at $1,111,000 after buying an additional 200 shares during the period. Reilly Financial Advisors LLC boosted its position in shares of Caseys General Stores by 4.1% in the first quarter. Reilly Financial Advisors LLC now owns 68,398 shares of the company’s stock valued at $7,678,000 after buying an additional 2,674 shares during the period. Finally, Alta Capital Management LLC boosted its position in shares of Caseys General Stores by 7.7% in the first quarter. Alta Capital Management LLC now owns 154,450 shares of the company’s stock valued at $17,337,000 after buying an additional 10,999 shares during the period. 98.60% 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.

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Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

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