Caseys General Stores (NASDAQ:CASY) was downgraded by analysts at Raymond James Financial from an “outperform” rating to a “mkt perform” rating in a research note issued to investors on Tuesday, Marketbeat reports.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada set a $116.00 target price on shares of Caseys General Stores and gave the company a “hold” rating in a research note on Monday, August 28th. Zacks Investment Research lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. BidaskClub cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Jefferies Group set a $139.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $115.29.

Shares of Caseys General Stores (NASDAQ:CASY) traded down $3.56 during trading on Tuesday, reaching $121.25. 815,600 shares of the company’s stock were exchanged, compared to its average volume of 484,303. The company has a market cap of $4,729.94, a price-to-earnings ratio of 29.44, a PEG ratio of 2.65 and a beta of 0.46. Caseys General Stores has a 1-year low of $99.76 and a 1-year high of $126.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.48 and a current ratio of 0.99.

Caseys General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 11th. The company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. sell-side analysts expect that Caseys General Stores will post 4.35 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CASY. Clear Perspective Advisors LLC raised its holdings in shares of Caseys General Stores by 8.9% during the second quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock valued at $131,000 after purchasing an additional 100 shares during the last quarter. Zions Bancorporation bought a new stake in Caseys General Stores during the third quarter valued at approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Caseys General Stores by 46.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock valued at $191,000 after buying an additional 566 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Caseys General Stores during the third quarter valued at approximately $264,000. Finally, Neuberger Berman Group LLC grew its position in Caseys General Stores by 0.9% during the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after buying an additional 23 shares during the period. 97.20% of the stock is owned by hedge funds and other institutional investors.

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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)

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