Casey’s General Stores Inc opened for trading at $131.81 and hit $132.45 on the upside on Thursday, eventually ending the session at $131.47, with a gain of 0.12% or 0.16 points.
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In other news, SVP Cindi Webb Summers sold 1,163 shares of the stock in a transaction that occurred on Friday, June 17th. Further it is trading $13.95 or +11.66% away its 200-day moving average of $119.64. (NASDAQ:CASY) has a 1.89 consensus analyst rating on the stock based on an arithmetical average of the 7 ratings given by the brokerage analysts covering the company.
Receive News & Ratings for Casey’s General Stores Inc. The Motley Fool owns shares of and recommends Casey’s General Stores. Ankeny-based Casey’s reported earnings of $1.70 per share for the quarter that ended July 31, up from $1.57 per share the same period past year, according to a release. Jefferies Group restated a “hold” rating and set a $113.00 price objective (up previously from $102.00) on shares of Casey’s General Stores in a research report on Tuesday, June 7th. (NASDAQ:CASY) shares after it surveyed top market analysts. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor.
Total grocery and other merchandise sales were up 7.5 percent in Casey’s 2017 first quarter to $566.2 million, while gross total gross profit dollars rose 4.4 percent to $179.1 million.
Gasoline sales fell 10.8% YoY (year-over-year) during the quarter. As of April 30 2015 the Company operated 1878 stores.
JLB & Associates Inc. bought a new stake in Casey’s General Stores during the second quarter valued at approximately $249,000. Equities research analysts anticipate that Casey’s General Stores will post $5.95 EPS for the current year. Updating of the agreed target price took place on 2016-08-21. Zacks Investment Research upgraded Casey’s General Stores from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Tuesday, May 10th. They issued a “buy” rating and a $150.00 price target on the stock. The consensus, or mean target price of the Wall Street analysts covering the firm is $143.285. The Company also operates one store selling primarily tobacco products.
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Regarding earnings, prepared food and fountain sales, as well as same-store fuel gallons sold, helped drive Casey’s to a net profit of $67.4 million in its 2017 fiscal first quarter, an increase of more than $5 million year over year. Goldman Sachs Group upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $123.00 to $145.00 in a report on Wednesday, June 29th.
