Paragon Capital Management adds Casey's General Stores Inc (CASY) to its portfolio

Casey's General Stores Inc (CASY) : Paragon Capital Management added new position in Casey's General Stores Inc during the most recent quarter end. The investment management firm now holds 94,592 shares of Casey's General Stores Inc which is valued at $12,628,978 , the company said in a statement filed on Jul 21, 2016 with the SEC.Casey's General Stores Inc makes up approximately 4.33% of Paragon Capital Management’s portfolio.

Other Hedge Funds, Including , Ibm Retirement Fund added CASY to its portfolio by purchasing 3,926 company shares during the most recent quarter which is valued at $524,160. Casey's General Stores Inc makes up approx 0.02% of Ibm Retirement Fund’s portfolio.Alta Capital Management reduced its stake in CASY by selling 5,801 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 179,501 shares of CASY which is valued at $23,965,179. Casey's General Stores Inc makes up approx 1.43% of Alta Capital Management’s portfolio.Nisa Investment Advisors reduced its stake in CASY by selling 100 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 30,530 shares of CASY which is valued at $3,990,882. Casey's General Stores Inc makes up approx 0.05% of Nisa Investment Advisors’s portfolio.Iowa State Bank reduced its stake in CASY by selling 21 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 2,900 shares of CASY which is valued at $389,151. Casey's General Stores Inc makes up approx 0.20% of Iowa State Bank’s portfolio.

Casey's General Stores Inc closed down -0.8 points or -0.60% at $131.97 with 3,48,534 shares getting traded on Thursday. Post opening the session at $132.53, the shares hit an intraday low of $131.2 and an intraday high of $133 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Many Wall Street Analysts have commented on Casey's General Stores Inc. Casey's General Stores Inc was Initiated by BofA/Merrill to “Buy” on Jul 25, 2016. Company shares were Upgraded by Goldman on Jun 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 145 from a previous price target of $123 .

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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