Caseys General Stores, Inc. (NASDAQ:CASY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” 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 research firms have also weighed in on CASY. Deutsche Bank AG set a $120.00 price target on shares of Caseys General Stores and gave the stock a “buy” rating in a report on Tuesday, June 6th. BMO Capital Markets set a $110.00 price target on shares of Caseys General Stores and gave the stock a “market perform” rating in a report on Wednesday, June 7th. Royal Bank Of Canada set a $116.00 price target on shares of Caseys General Stores and gave the stock a “hold” rating in a report on Monday, August 28th. Barclays PLC lowered 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. Finally, William Blair assumed coverage on shares of Caseys General Stores in a report on Wednesday, July 12th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued 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 an average price target of $115.29.

Caseys General Stores (NASDAQ CASY) traded up 1.59% during midday trading on Thursday, hitting $108.18. The company had a trading volume of 820,328 shares. The firm has a market capitalization of $4.17 billion, a P/E ratio of 24.15 and a beta of 0.50. Caseys General Stores has a 52 week low of $99.76 and a 52 week high of $126.49. The firm’s 50 day moving average is $106.11 and its 200-day moving average is $109.80.

Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.46. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.88%. Caseys General Stores’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 EPS. On average, equities research analysts expect that Caseys General Stores will post $4.47 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 Caseys General Stores stock in a transaction dated 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 directly owns 1,253 shares in the company, valued at $133,469.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CASY. BlackRock Inc. boosted its stake in shares of Caseys General Stores by 14,288.2% in the first quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock valued at $347,227,000 after purchasing an additional 3,071,830 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Caseys General Stores in the second quarter valued at approximately $162,421,000. Balyasny Asset Management LLC boosted its stake in shares of Caseys General Stores by 16,548.9% in the second quarter. Balyasny Asset Management LLC now owns 602,023 shares of the company’s stock valued at $64,483,000 after purchasing an additional 598,407 shares during the period. Credit Suisse AG boosted its stake in shares of Caseys General Stores by 518.4% in the first quarter. Credit Suisse AG now owns 364,691 shares of the company’s stock valued at $40,935,000 after purchasing an additional 305,714 shares during the period. Finally, Fiduciary Management Inc. WI purchased a new position in shares of Caseys General Stores in the first quarter valued at approximately $29,598,000. Institutional investors and hedge funds own 99.48% of the company’s stock.

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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