Casey's General Stores' Highest-Margin Segment Fails to Meet Company Goals
Coastal residents might be surprised to find out, but Casey's General Stores (NASDAQ: CASY) -- popular in Midwest and Great Plains towns of 5,000 or fewer people -- is one of the biggest pizza-makers in the country.
Yes, the stores offer gas and basic groceries like every other convenience chain, but its prepared-food segment is what really helped shares advance 470% -- including dividends -- between 2009 and 2015. But Tuesday's earnings release confirms a pattern already identified: This part of the growth story has hit a wall.
Image source: Getty Images.
Source: Fool.com
Casey's General Stores Inc. Stock
€346.00
0.580%
With 22 Buy predictions and not a single Sell prediction Casey's General Stores Inc. is an absolute favorite of our community.
However, we have a potential of -2.89% for Casey's General Stores Inc. as the target price of 336 € is below the current price of 346.0 €.
