Today’s Stock Alert: Institutional Investors Lead Shift in Caseys General Stores Inc (NASDAQ:CASY) Sentiment

December 1, 2016 - By Peter Erickson   ·   0 Comments

Today's Stock Alert: Institutional Investors Lead Shift in Caseys General Stores Inc (NASDAQ:CASY) Sentiment

Sentiment for Caseys General Stores Inc (NASDAQ:CASY)

Caseys General Stores Inc (NASDAQ:CASY) institutional sentiment decreased to 0.81 in 2016 Q2. Its down -0.13, from 0.94 in 2016Q1. The ratio has worsened, as 151 active investment managers opened new and increased stock positions, while 161 sold and reduced holdings in Caseys General Stores Inc. The active investment managers in our partner’s database now own: 31.66 million shares, down from 36.01 million shares in 2016Q1. Also, the number of active investment managers holding Caseys General Stores Inc in their top 10 stock positions increased from 9 to 14 for an increase of 5. Sold All: 37 Reduced: 124 Increased: 94 New Position: 57.

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 has a market cap of $4.64 billion. The Firm also operates approximately two stores selling primarily tobacco products. It has a 20.55 P/E ratio. 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.

The stock closed at $120.45 during the last session. It is down 7.99% since April 28, 2016 and is uptrending. It has outperformed by 2.06% the S&P500.

Analysts await Casey’s General Stores Inc (NASDAQ:CASY) to report earnings on December, 5. They expect $1.58 earnings per share, down 21.00% or $0.42 from last year’s $2 per share. CASY’s profit will be $60.87 million for 19.06 P/E if the $1.58 EPS becomes a reality. After $1.70 actual earnings per share reported by Casey’s General Stores Inc for the previous quarter, Wall Street now forecasts -7.06% negative EPS growth.

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.”

Incline Global Management Llc holds 8.96% of its portfolio in Casey’s General Stores Inc for 293,458 shares. Paragon Capital Management Llc owns 94,592 shares or 4.4% of their US portfolio. Moreover, Copeland Capital Management Llc has 3.98% invested in the company for 440,348 shares. The Massachusetts-based Brookside Capital Management Llc has invested 3.83% in the stock. Speece Thorson Capital Group Inc, a Minnesota-based fund reported 128,038 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 3 insider sales for $2.60 million net activity.

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

Ratings analysis reveals 75% of Casey’s General Stores’s analysts are positive. Out of 8 Wall Street analysts rating Casey’s General Stores, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $105 while the high is $145. The stock’s average target of $126.38 is 4.92% above today’s ($120.45) share price. CASY was included in 25 notes of analysts from August 18, 2015. The firm earned “Neutral” rating on Wednesday, March 9 by Goldman Sachs. BMO Capital Markets upgraded it to “Market Perform” rating and $105 target price in Friday, September 11 report. Zacks downgraded the stock to “Buy” rating in Wednesday, August 26 report. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, September 8. Deutsche Bank maintained Casey’s General Stores Inc (NASDAQ:CASY) on Wednesday, December 9 with “Hold” rating. The company was maintained on Wednesday, June 8 by Jefferies. The firm has “Sector Perform” rating given on Tuesday, November 17 by RBC Capital Markets. As per Tuesday, December 8, the company rating was maintained by RBC Capital Markets. Jefferies upgraded the stock to “Buy” rating in Friday, September 30 report. The stock has “Buy” rating given by Deutsche Bank on Friday, August 19.

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.

More notable recent Casey’s General Stores Inc (NASDAQ:CASY) news were published by: Seekingalpha.com which released: “An Examination Of Casey’s General Stores” on November 29, 2016, also Fool.com with their article: “Why Casey’s General Stores Inc. Stock Plunged Today” published on September 07, 2016, Fool.com published: “Casey’s General Stores Inc. Misses Estimate in Prepared-Foods Segment” on September 07, 2016. More interesting news about Casey’s General Stores Inc (NASDAQ:CASY) were released by: Fool.com and their article: “Management at Casey’s General Stores Inc. Has Some Explaining to Do” published on June 06, 2016 as well as Fool.com‘s news article titled: “Why Casey’s General Stores, Inc. Dropped 12.6% in February” with publication date: March 11, 2016.

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By Peter Erickson

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