Institutional Investors Are Dumping Caseys General Stores Inc (NASDAQ:CASY)

January 16, 2018 - By Clifton Ray

 Institutional Investors Are Dumping Caseys General Stores Inc (NASDAQ:CASY)

Sentiment for Caseys General Stores Inc (NASDAQ:CASY)

Caseys General Stores Inc (NASDAQ:CASY) institutional sentiment decreased to 0.78 in Q3 2017. Its down -0.34, from 1.12 in 2017Q2. The ratio has dropped, as 101 investment professionals started new or increased equity positions, while 130 sold and reduced holdings in Caseys General Stores Inc. The investment professionals in our partner’s database reported: 35.50 million shares, down from 37.22 million shares in 2017Q2. Also, the number of investment professionals holding Caseys General Stores Inc in their top 10 equity positions decreased from 4 to 3 for a decrease of 1. Sold All: 33 Reduced: 97 Increased: 72 New Position: 29.

CaseyÂ’s General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and CaseyÂ’s General Store names. The company has market cap of $4.65 billion. The companyÂ’s stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items. It has a 30.46 P/E ratio. The Company’s stores also offer fuel for sale on a self-service basis.

The stock decreased 0.27% or $0.34 during the last trading session, reaching $123.91. About 152,035 shares traded. Casey's General Stores, Inc. (NASDAQ:CASY) has risen 0.79% since January 16, 2017 and is uptrending. It has underperformed by 15.91% the S&P500.

Analysts await Casey's General Stores, Inc. (NASDAQ:CASY) to report earnings on March, 5. They expect $0.58 earnings per share, 0.00 % or $0.00 from last year’s $0.58 per share. CASY’s profit will be $21.78M for 53.41 P/E if the $0.58 EPS becomes a reality. After $1.28 actual earnings per share reported by Casey's General Stores, Inc. for the previous quarter, Wall Street now forecasts -54.69 % negative EPS growth.

Speece Thorson Capital Group Inc holds 4.09% of its portfolio in Casey's General Stores, Inc. for 179,286 shares. Paragon Capital Management Llc owns 100,604 shares or 3.69% of their US portfolio. Moreover, Chilton Investment Co Llc has 1.85% invested in the company for 436,890 shares. The Virginia-based Thompson Siegel & Walmsley Llc has invested 1.75% in the stock. Lloyds Banking Group Plc, a United Kingdom-based fund reported 1,539 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $108,010 activity.

Casey's General Stores, Inc. (NASDAQ:CASY) Ratings Coverage

Ratings analysis reveals 54% of Casey’s General Stores’s analysts are positive. Out of 13 Wall Street analysts rating Casey’s General Stores, 7 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $105.0 while the high is $150.0. The stock’s average target of $123.90 is -0.01% below today’s ($123.91) share price. CASY was included in 51 notes of analysts from August 18, 2015. RBC Capital Markets maintained it with “Sector Perform” rating and $111 target in Wednesday, September 9 report. Jefferies maintained Casey's General Stores, Inc. (NASDAQ:CASY) rating on Friday, July 21. Jefferies has “Buy” rating and $13900 target. The rating was upgraded by RBC Capital Markets on Wednesday, March 9 to “Outperform”. RBC Capital Markets maintained the shares of CASY in report on Thursday, September 8 with “Outperform” rating. As per Monday, December 11, the company rating was maintained by RBC Capital Markets. The stock of Casey's General Stores, Inc. (NASDAQ:CASY) has “Hold” rating given on Wednesday, December 9 by Deutsche Bank. On Friday, September 30 the stock rating was upgraded by Jefferies to “Buy”. The stock of Casey's General Stores, Inc. (NASDAQ:CASY) has “Hold” rating given on Tuesday, May 30 by BMO Capital Markets. The firm has “Neutral” rating given on Wednesday, March 9 by Goldman Sachs. Stephens maintained the shares of CASY in report on Friday, January 12 with “Buy” rating.

More notable recent Casey's General Stores, Inc. (NASDAQ:CASY) news were published by: Desmoinesregister.com which released: “Casey’s planning $35 million office expansion in Ankeny” on January 03, 2018, also Fool.com with their article: “Why Casey’s General Stores Inc Stock Tumbled Today” published on December 13, 2017, Desmoinesregister.com published: “Investors urge Casey’s to sell Iowa-based convenience store chain” on January 03, 2018. More interesting news about Casey's General Stores, Inc. (NASDAQ:CASY) were released by: Desmoinesregister.com and their article: “Casey’s creating 101 new jobs at Ankeny headquarters” published on January 16, 2018 as well as Prnewswire.com‘s news article titled: “Pre-Market Technical Scan on Services Equities — KBR Inc., Jacobs Engineering …” with publication date: December 27, 2017.

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