Casey's General Stores Inc (CASY) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 143 from a previous price target of $145 . RBC Capital Mkts advised their investors in a research report released on Sep 8, 2016.
Many Wall Street Analysts have commented on Casey's General Stores Inc. Company shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 145 from a previous price target of $139 .Company shares were Reiterated by Jefferies on Aug 22, 2016 to “Hold”, Firm has raised the Price Target to $ 137 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Aug 19, 2016 to “Buy”, Firm has raised the Price Target to $ 141 from a previous price target of $130 .
On the company’s financial health, Casey's General Stores Inc reported $1.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Sep 6, 2016. Analyst had a consensus of $1.81. The company had revenue of $1970.00 million for the quarter, compared to analysts expectations of $1978.28 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.57 EPS.
Casey's General Stores Inc closed down -12.1 points or -9.08% at $121.21 with 3,257,384 shares getting traded on Wednesday. Post opening the session at $121.25, the shares hit an intraday low of $115.368 and an intraday high of $122.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jul 1, 2016, Julia L Jackowski (SVP, Corp Gen Counsel) sold 3,000 shares at $127.75 per share price. According to the SEC, on Jun 22, 2016, Jeffrey M Lamberti (director) sold 8,400 shares at $118.21 per share price. On Jun 20, 2016, Cindi Webb Summers (SVP, Human Resources) sold 1,163 shares at $117.04 per share price, according to the Form-4 filing with the securities and exchange commission.
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.