Casey's General Stores Inc (CASY) was Upgraded by Goldman to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 145 from a previous price target of $123 . Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Jun 29, 2016.
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.
On the company’s financial health, Casey's General Stores Inc reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jun 6, 2016. Analyst had a consensus of $1.22. The company had revenue of $1582.95 million for the quarter, compared to analysts expectations of $1570.74 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.
Casey's General Stores Inc opened for trading at $122.84 and hit $125.1 on the upside on Monday, eventually ending the session at $124.08, with a gain of 1.04% or 1.28 points. The heightened volatility saw the trading volume jump to 12,79,869 shares. Company has a market cap of $4,845 M.
Investors should note that on Jun 6, 2016, Casey's General Stores Inc announced a cash dividend of $0.2400. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 15, 2016.
In a different news, on Jun 22, 2016, Jeffrey M Lamberti (director) sold 8,400 shares at $118.21 per share price. According to the SEC, on Jun 20, 2016, Cindi Webb Summers (SVP, Human Resources) sold 1,163 shares at $117.04 per share price. On Jun 14, 2016, Terry W Handley (President & CEO) sold 15,000 shares at $118.54 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.