Casey's General Stores Inc

CASY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$871.00	Jdfszd	Spvjthrbn

Casey's Shifts Toward Higher Margin Goods in 1Q, but Shares Understate Near-Term Commodity Headwinds

Sep 11, 2012

Casey's CASY reported first-quarter results that slightly topped Street expectations on the bottom line, which has been driving its stock price upward in early trading. Despite flat revenue growth, we remain encouraged by the firm's operating margin improvement as its product mix continues to veer toward the company's higher-margin goods. However, we believe some headwinds from commodities loom and we will be maintaining our fair value estimate of $54 per share.

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