Food Retail

According to Morgan Keegan, Casey's General Stores (NASDAQ: CASY) Q4 earnings exceeded expectations. Morgan Keegan said that the EPS of $0.60 significantly exceeded the Street estimate of $0.50 and its $0.42 estimate. “We reiterate our Outperform rating with shares trading at 7.0x our NTM EBITDA...

Citi is lowering its estimates but maintains its Hold rating and $23 price target on Kroger Co. (NYSE: KR) in advance of the company's 1Q11 results, to be released Thursday. According to Citi, “We are lowering our 1Q11 EPS estimate for KR to $0.64, down from $0.67 prev. and vs. $0.58 LY. Our...

Bank of America is maintaining its Neutral rating and its $43 price target on Casey's General Stores Inc. (NASDAQ: CASY) in light of the company's strong F4Q11. According to Bank of America, “Casey's reported F4Q11 EPS of $0.60 vs. our $0.52 estimate which was 2c above the Consensus. Total sales...

Shares of Casey's General Stores (NASDAQ: CASY) are bid higher in the after-hours trade following the release of its Q4 earnings results. Currently, shares are bid $41.20, at $41.70; they closed the regular session higher by 1.33%, at $41.03. Casey's General Stores reported Q4 EPS of $0.60 on...

The Kroger Co. (NYSE: KR) announced today that Reuben Shaffer has been appointed Chief Diversity Officer, effective immediately. Mr. Shaffer will report to Kroger's Chairman and Chief Executive Officer, David B. Dillon. Mr. Shaffer, 60, has been serving as the Vice President of Retail Operations...

Bank of America maintains its Neutral rating and its $43 price target on Casey's General Stores (NASDAQ: CASY) in advance of the company's release of F4Q11 numbers. According to Bank of America, “CASY is expected to report F4Q11 after the market closes on Monday, June 13th. We forecast F4Q11E EPS...

Coinstar, Inc. (NASDAQ: CSTR) and Safeway Inc. (NYSE: SWY) today announced an agreement to install approximately 1,400 Coinstar kiosks in Safeway's stores in the United States and Canada by the end of 2011. Coinstar kiosks are expected to be installed in Safeway stores and its banners including...

Safeway (NYSE: SWY) announced today that it has entered into a new four-year, $1.5 billion revolving credit facility, effective June 1, 2011. The facility replaces a $1.6 billion facility that would have matured on June 1, 2012. Up to $250 million of the revolving credit facility is available for...

Casey's General Stores, Inc. (Nasdaq: CASY) and Kum & Go announced today that they have signed a definitive purchase agreement for Casey's to acquire 22 convenience stores from Kum & Go. All 22 stores are located in Iowa operating under the Kum & Go banner. The stores will be...

Susser Holdings Corporation (NASDAQ: SUSS) today announced that its Board of Directors has authorized the repurchase of up to $15 million of the Company's common stock.  The share purchases may be made from time to time in open market transactions or privately negotiated transactions, as market...

Citi is providing some comments on SUPERVALU Inc. (NYSE: SVU). “SVU management was upbeat at our conference, as they believe the company's: 1) technology initiatives; 2) hyper-local strategy; and 3) Save-A-Lot growth will help it generate momentum through F2012. SVU noted that ID sales are...

Bank of America, which raised its PO on shares of Casey's General Stores Inc. (NASDAQ: CASY), is providing some color on the stock. “Casey's recently reported same-store sales for the month of April, bringing estimated F4Q11 comps to ~11.8% in the prepared food & fountain category (vs. our 8%...

Bank of America has raised the price objective on Casey's General Stores (NASDAQ: CASY) from $39 to $43 and maintains its Neutral rating.

Cusick's Corner This market just feels like volatility is ready to pounce. While that statement is not very scientific, there are strategic approaches that can take advantage of that volatility. For example, take a look at butterfly spreads which are traditionally done with either all calls or...

Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...