Speece Thorson Capital Group Inc buys $14,150,864 stake in Casey's General Stores Inc (CASY)

Casey's General Stores Inc (CASY) : Speece Thorson Capital Group Inc scooped up 12,981 additional shares in Casey's General Stores Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 126,347 shares of Casey's General Stores Inc which is valued at $14,150,864.Casey's General Stores Inc makes up approximately 3.14% of Speece Thorson Capital Group Inc’s portfolio.

Casey's General Stores Inc opened for trading at $111.84 and hit $114.64 on the upside on Monday, eventually ending the session at $114.47, with a gain of 2.21% or 2.47 points. The heightened volatility saw the trading volume jump to 4,50,717 shares. Company has a market cap of $4,470 M.

Other Hedge Funds, Including , Metlife Securities Inc boosted its stake in CASY in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 531 shares of Casey's General Stores Inc which is valued at $58,543.Vontobel Asset Management Inc boosted its stake in CASY in the latest quarter, The investment management firm added 75,462 additional shares and now holds a total of 324,831 shares of Casey's General Stores Inc which is valued at $35,812,618. Casey's General Stores Inc makes up approx 0.28% of Vontobel Asset Management Inc’s portfolio. Murphy Capital Management Inc sold out all of its stake in CASY during the most recent quarter. The investment firm sold 3,600 shares of CASY which is valued $396,900.

On the company’s financial health, Casey's General Stores Inc reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $0.95. The company had revenue of $1565.94 million for the quarter, compared to analysts expectations of $1592.61 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.

Many Wall Street Analysts have commented on Casey's General Stores Inc. Casey's General Stores Inc was Initiated by Jefferies to “Hold” on Apr 8, 2016. Company shares were Upgraded by Deutsche Bank on Mar 30, 2016 to ” Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $120 .Company shares were Upgraded by RBC Capital Mkts on Mar 9, 2016 to ” Outperform”, Firm has raised the Price Target to $ 129 from a previous price target of $128 .

Casey’s General Stores Inc. and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states in Iowa Missouri and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry food including freshly prepared foods such as pizza donuts and sandwiches beverages tobacco products health and beauty aids automotive products and other nonfood items. As of April 30 2015 the Company operated 1878 stores. The Company operates a central warehouse Casey’s Distribution Center in Ankeny Iowa through which it supplies grocery and general merchandise items to its stores. The Company’s subsidiary Casey’s Retail Company operates stores in Illinois Kansas Minnesota Nebraska North Dakota and South Dakota. Its subsidiary Casey’s Marketing Company owns and has responsibility for the operation of stores in Arkansas Indiana Iowa Kentucky Missouri Oklahoma Tennessee and Wisconsin.

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