Caseys General Stores, Inc. (NASDAQ:CASY) Receives New Coverage from Analysts at William Blair

Investment analysts at William Blair initiated coverage on shares of Caseys General Stores, Inc. (NASDAQ:CASY) in a report issued on Wednesday, July 12th, MarketBeat.com reports. The firm set an “outperform” rating on the stock. William Blair also issued estimates for Caseys General Stores’ Q1 2018 earnings at $1.41 EPS, Q2 2018 earnings at $1.39 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $4.21 EPS and FY2019 earnings at $4.57 EPS.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) started coverage on shares of Caseys General Stores in a research report on Thursday, April 27th. They set a “neutral” rating and a $109.00 price target for the company. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a research report on Thursday, May 18th. Sidoti lowered shares of Caseys General Stores from a “buy” rating to a “neutral” rating and decreased their price target for the company from $130.00 to $118.00 in a research report on Tuesday, June 6th. Finally, BMO Capital Markets set a $116.00 price target on shares of Caseys General Stores and gave the company a “hold” rating in a research report on Wednesday, May 31st. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Caseys General Stores has an average rating of “Hold” and a consensus price target of $116.29.

Shares of Caseys General Stores (NASDAQ:CASY) opened at 107.71 on Wednesday. Caseys General Stores has a 1-year low of $101.89 and a 1-year high of $135.68. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 24.04 and a beta of 0.48. The firm’s 50-day moving average is $106.22 and its 200-day moving average is $111.59.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, June 5th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.09. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $1.19 earnings per share. Analysts forecast that Caseys General Stores will post $4.54 earnings per share for the current fiscal year.

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In related news, SVP John C. Soupene sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total value of $106,520.00. Following the completion of the transaction, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at approximately $133,469.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its position in shares of Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock valued at $270,000 after buying an additional 117 shares during the last quarter. Alta Capital Management LLC increased its position in shares of Caseys General Stores by 7.7% in the first quarter. Alta Capital Management LLC now owns 154,450 shares of the company’s stock valued at $17,337,000 after buying an additional 10,999 shares during the period. Reilly Financial Advisors LLC increased its position in shares of Caseys General Stores by 4.1% in the first quarter. Reilly Financial Advisors LLC now owns 68,398 shares of the company’s stock valued at $7,678,000 after buying an additional 2,674 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Caseys General Stores by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the company’s stock valued at $1,111,000 after buying an additional 200 shares during the period. Finally, Private Trust Co. NA acquired a new position in shares of Caseys General Stores during the first quarter valued at $471,000. 96.21% of the stock is owned by hedge funds and other institutional investors.

Caseys General Stores Company Profile

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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