Today’s Price Action: Will Casey’s General Stores Inc Go Down Anytime Soon?

Today's Price Action: Will Casey's General Stores Inc Go Down Anytime Soon?

The stock of Casey’s General Stores Inc (NASDAQ:CASY) is a huge mover today! About 239,390 shares traded hands. Casey’s General Stores Inc (NASDAQ:CASY) has risen 10.30% since April 18, 2016 and is uptrending. It has outperformed by 5.87% the S&P500.
The move comes after 9 months positive chart setup for the $4.84 billion company. It was reported on Nov, 18 by Barchart.com. We have $189.44 PT which if reached, will make NASDAQ:CASY worth $2.61 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. Deutsche Bank maintained the shares of CASY in a report on Friday, August 19 with “Buy” rating. The firm has “Outperform” rating given on Thursday, September 8 by RBC Capital Markets. Deutsche Bank maintained it with “Hold” rating and $120 target price in Wednesday, December 9 report. On Wednesday, June 8 the stock rating was maintained by Jefferies with “Hold”. The stock has “Hold” rating given by Deutsche Bank on Thursday, September 10. RBC Capital Markets maintained it with “Sector Perform” rating and $125 target price in Tuesday, December 8 report. The stock of Casey’s General Stores Inc (NASDAQ:CASY) earned “Market Perform” rating by BMO Capital Markets on Friday, September 11. RBC Capital Markets maintained it with “Sector Perform” rating and $122 target price in Tuesday, November 17 report. As per Wednesday, March 30, the company rating was upgraded by Deutsche Bank. BMO Capital Markets upgraded the stock to “Market Perform” rating in Monday, November 16 report.

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 0.81 in Q2 2016. Its down 0.13, from 0.94 in 2016Q1. The ratio worsened, 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.
Barclays Public Limited Liability Com last reported 23,617 shares in the company. Carlson Cap Ltd Partnership, a Texas-based fund reported 89,400 shares. The Japan-based Blackrock Japan has invested 0% in Casey’s General Stores Inc (NASDAQ:CASY). Bnp Paribas Arbitrage Sa has 0.01% invested in the company for 19,400 shares. Shelton Mgmt, a California-based fund reported 3,675 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,062 shares for 0% of their US portfolio. Proshare Advsr Limited Liability Corp, a Maryland-based fund reported 22,545 shares. Td Asset Incorporated accumulated 0% or 18,700 shares. The Massachusetts-based Contravisory Invest Management Inc has invested 0.06% in Casey’s General Stores Inc (NASDAQ:CASY). Stifel Fin holds 0.01% of its portfolio in Casey’s General Stores Inc (NASDAQ:CASY) for 8,624 shares. Bluemountain Cap Management Ltd Liability Co accumulated 0% or 150 shares. Verition Fund Limited Com accumulated 0.25% or 14,608 shares. Nikko Asset Americas holds 0.03% or 2,200 shares in its portfolio. Aqr Limited Liability Company accumulated 0.06% or 264,113 shares. Jpmorgan Chase & Co accumulated 1.00M shares or 0.03% of the stock.

Insider Transactions: Since June 13, 2016, the stock had 1 insider purchase, and 3 sales for $2.60 million net activity. Lamberti Jeffrey M also sold $476,480 worth of Casey’s General Stores Inc (NASDAQ:CASY) shares. Wilkey Richard A bought $40,052 worth of Casey’s General Stores Inc (NASDAQ:CASY) on Wednesday, September 21. Shares for $383,250 were sold by Jackowski Julia L. 15,000 Casey’s General Stores Inc (NASDAQ:CASY) shares with value of $1.78M were sold by HANDLEY TERRY W.

More notable 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 Fool.com with their article: “Casey’s General Stores Inc. Misses Estimate in Prepared-Foods Segment” published on September 07, 2016, Fool.com published: “Management at Casey’s General Stores Inc. Has Some Explaining to Do” on June 06, 2016. More interesting news about Casey’s General Stores Inc (NASDAQ:CASY) were released by: Fool.com and their article: “Why Casey’s General Stores, Inc. Dropped 12.6% in February” published on March 11, 2016 as well as Forbes.com‘s news article titled: “Casey’s General Stores Becomes Oversold (CASY)” with publication date: September 07, 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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