Casey's General Stores is downgraded at J.P. Morgan due to high valuation, store pressures [Seeking Alpha]
Caseys General Stores, Inc. (CASY)
Last caseys general stores, inc. earnings: 3/9 04:13 pm
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US:NASDAQ Investor Relations:
caseys.com/investor-relations
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Source: Seeking Alpha
Analyst John Royall noted that Casey's General Stores same-store sales in the merchandise business has held in well as the industry has experienced some pressure, due to a relatively low exposure to lower income consumers. However, Royall and his team think CASY's margins in the Prepared Foods segment will be negatively impacted by rising cheese costs, which will likely not be passed on to the customer fully. Casey's ( CASY ) was also observed to have not seen the relative uplift from fuel margin that peers have seen. In addition, Royall highlighted that CASY has high exposure to operating expense headwinds given its higher per-store opex footprint, with the standard store including a kitchen. "While we think the overall picture for CASY's business is somewhat balanced here, we are concerned with the company's group-high exposure to inside store sales, particularly in a rising ingredient cost environment. On valuation, the company now trades well 2 standard deviations above its l
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CASY
News
- BJ's Wholesale Club (BJ) Continues to Surpass Expectations [Yahoo! Finance]Yahoo! Finance
- Casey's General Stores (CASY) is Benefiting from its Aggressive Reinvestment [Yahoo! Finance]Yahoo! Finance
- Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Casey's General Stores, Inc. (NASDAQ: CASY) is now covered by analysts at Melius Research. They set a "buy" rating and a $435.00 price target on the stock.MarketBeat
- Casey's General Stores, Inc. (NASDAQ: CASY) was downgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating. They now have a $337.00 price target on the stock, up previously from $300.00.MarketBeat
CASY
Earnings
- 9/4/24 - Beat
CASY
Sec Filings
- 9/20/24 - Form 4
- 9/20/24 - Form 4
- 9/17/24 - Form 4
- CASY's page on the SEC website