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Casey's General Stores reported strong earnings, reaching a 52-week stock high despite a minor stake reduction by Advisors Capital.
Advisors Capital Management decreased its stake in Casey's General Stores by 0.8% after the quarter, selling 385 shares.
Casey's reported strong earnings, with $2.33 EPS, surpassing estimates by $0.57, and revenue of $3.90 billion.
The company, a convenience store and gasoline station operator, saw its stock reach a 52-week high of $459.46, driven by positive earnings and an "overweight" rating from KeyCorp with a $500 price target.
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Casey's General Stores reportó fuertes ganancias, alcanzando un máximo de acciones de 52 semanas a pesar de una pequeña reducción de participación por Advisors Capital.