Notable Reporting: What’s Next for Casey’s General Stores Inc After Today’s Big Increase?

Notable Reporting: What's Next for Casey's General Stores Inc After Today's Big Increase?

The stock of Casey’s General Stores Inc (NASDAQ:CASY) is a huge mover today! About 1.12 million shares traded hands or 98.13% up from the average. Casey’s General Stores Inc (NASDAQ:CASY) has risen 7.67% since February 26, 2016 and is uptrending. It has underperformed by 2.75% the S&P500.
The move comes after 5 months positive chart setup for the $4.66 billion company. It was reported on Oct, 1 by Barchart.com. We have $198.40 PT which if reached, will make NASDAQ:CASY worth $3.08 billion more.

Casey’s General Stores Inc (NASDAQ:CASY) Ratings Coverage

Out of 8 analysts covering Casey’s General Stores (NASDAQ:CASY), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Casey’s General Stores has been the topic of 25 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was upgraded by BMO Capital Markets on Monday, November 16 to “Market Perform”. The firm earned “Buy” rating on Monday, September 12 by Deutsche Bank. As per Wednesday, August 26, the company rating was downgraded by Zacks. Jefferies maintained Casey’s General Stores Inc (NASDAQ:CASY) on Wednesday, June 8 with “Hold” rating. Deutsche Bank maintained Casey’s General Stores Inc (NASDAQ:CASY) rating on Thursday, September 10. Deutsche Bank has “Hold” rating and $112 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, September 1. RBC Capital Markets upgraded the shares of CASY in a report on Wednesday, March 9 to “Outperform” rating. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, March 9. The firm has “Hold” rating by Deutsche Bank given on Wednesday, December 9. On Tuesday, December 8 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

According to Zacks Investment Research, “Casey’s General Stores, Inc. operate convenience stores under the name Casey’s General Store in Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a broad selection of food (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other non-food items. In addition, all stores offer gasoline for sale on a self-service basis.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.45, from 1.39 in 2016Q1. The ratio dropped, as 37 funds sold all Casey’s General Stores Inc shares owned while 124 reduced positions. 57 funds bought stakes while 94 increased positions. They now own 31.66 million shares or 12.09% less from 36.01 million shares in 2016Q1.
Etrade Capital Limited Liability Company has invested 0.05% of its portfolio in Casey’s General Stores Inc (NASDAQ:CASY). Herndon Cap Mgmt Ltd Liability Com accumulated 0% or 701 shares. Moreover, Arizona State Retirement Systems has 0.03% invested in Casey’s General Stores Inc (NASDAQ:CASY) for 16,410 shares. Rainier Investment Limited Company reported 193,620 shares or 1.23% of all its holdings. First Fincl Corp In has invested 0.02% of its portfolio in Casey’s General Stores Inc (NASDAQ:CASY). Citigroup reported 9,217 shares or 0% of all its holdings. Dorsey & Whitney Ltd Liability Corp last reported 0.05% of its portfolio in the stock. Legal General Public Limited Com has 0% invested in the company for 21,144 shares. Liberty Mutual Gru Asset Mngmt Inc has 0.08% invested in the company for 16,952 shares. New Jersey Better Educational Savings Trust holds 0.27% or 3,000 shares in its portfolio. Clifford Swan Inv Counsel Ltd Co has invested 0.11% of its portfolio in Casey’s General Stores Inc (NASDAQ:CASY). Washington Management Inc holds 0.65% or 3,500 shares in its portfolio. Moreover, Weaver C Barksdale & Associate Inc has 0.06% invested in Casey’s General Stores Inc (NASDAQ:CASY) for 256 shares. Mckinley Capital Mngmt Delaware last reported 0% of its portfolio in the stock. Arcadia Corp Mi owns 300 shares or 0.01% of their US portfolio.

Insider Transactions: Since June 13, 2016, the stock had 1 insider buy, and 3 sales for $2.60 million net activity. 3,000 Casey’s General Stores Inc (NASDAQ:CASY) shares with value of $383,250 were sold by Jackowski Julia L. HANDLEY TERRY W had sold 15,000 shares worth $1.78 million. Lamberti Jeffrey M also sold $476,480 worth of Casey’s General Stores Inc (NASDAQ:CASY) shares. $40,052 worth of Casey’s General Stores Inc (NASDAQ:CASY) shares were bought by Wilkey Richard A.

More important recent Casey’s General Stores Inc (NASDAQ:CASY) news were published by: Fool.com which released: “Why Casey’s General Stores Inc. Stock Plunged Today” on September 07, 2016, also Forbes.com published article titled: “Casey’s General Stores Becomes Oversold (CASY)”, Seekingalpha.com published: “CASY: Poor Disclosure Obscures Value Of Real Estate” on September 30, 2016. More interesting news about Casey’s General Stores Inc (NASDAQ:CASY) was released by: Benzinga.com and their article: “Casey’s General Stores Not Immune To Grocery Headwinds” with publication date: September 09, 2016.

CASY Company Profile

Casey’s General Stores, Inc., incorporated on December 13, 1967, and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Firm 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. As of April 30, 2016, the Company operated 1,931 stores. The Firm operates approximately two distribution centers, through which the Company supply grocery and general merchandise items to its stores.

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