NEW YORK, September 12, 2016 /PRNewswire/ --
Growing population and consumer demands are the main drivers of growth in the global Grocery Stores industry, which has sales of more than $2 trillion annually. This morning, Stock-Callers.com takes a look at four companies to see how they have fared over the last few trading sessions: SUPERVALU Inc. (NYSE: SVU), Sprouts Farmers Market Inc. (NASDAQ: SFM), Companhia Brasileira de Distribuicao (NYSE: CBD), and Casey's General Stores Inc. (NASDAQ: CASY). Register now and get full and free access to our downloadable research reports on these stocks at:
Last Friday, shares in Eden Prairie, Minnesota headquartered SUPERVALU Inc. ended the day 4.44% lower at $4.73. The stock recorded a trading volume of 4.86 million shares, which was above its three months average volume of 3.33 million shares. The Company's shares have advanced 1.07% in the previous three months. The stock is trading below its 50-day moving average by 8.18%. Furthermore, shares of SUPERVALU, which together with its subsidiaries, operates as a grocery wholesaler and retailer in the US, have a Relative Strength Index (RSI) of 33.35.
On August 15th, 2016, SUPERVALU and THE FRESH MARKET, INC. announced they have reached a long-term supply agreement for SUPERVALU to serve as a grocery wholesaler and distributor to The Fresh Market. Founded in 1982 and headquartered in Greensboro, North Carolina, The Fresh Market is a specialty retailer focused on providing delicious and healthy food and a high level of service to its customers.
On September 09th, 2016, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $6.50 a share to $5.50 a share. Access our complete research report on SVU for free at:
Sprouts Farmers Market
Phoenix, Arizona-based Sprouts Farmers Market Inc.'s stock finished Friday's session 0.93% higher at $19.60. A total volume of 5.20 million shares was traded, which was above their three months average volume of 2.76 million shares. The Company's shares are trading below their 50-day moving average by 14.33%. Moreover, shares of Sprouts Farmers Market, which together with its subsidiaries, operates as a retailer of fresh, natural, and organic food in the US, have an RSI of 23.22.
On September 07th, 2016, Sprouts Farmers Market announced updated guidance. The company has adjusted its full-year 2016 comparable store sales growth to be in the range of 1.5% to 2.5% and earnings per share to be in the range of $0.83 to $0.86. On September 6th, 2016, the company's Board of Directors authorized a $250 million common stock share repurchase program.
On September 09th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $33 a share to $31 a share. The complimentary research report on SFM can be downloaded at:
Companhia Brasileira de Distribuicao
Shares in Sao Paulo, Brazil headquartered Companhia Brasileira de Distribuicao ended the session 5.73% lower at $15.29. The stock recorded a trading volume of 1.05 million shares, which was above its three months average volume of 736,550 shares. The Company's shares have surged 20.97% over the previous three months and 45.38% on an YTD basis. The stock is trading above its 200-day moving average by 17.93%. Moreover, shares of Companhia Brasileira de Distribuicao, which engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores primarily in Brazil, have an RSI of 39.41. Register for free on Stock-Callers.com and get access to the latest PDF format report on CBD at:
Casey's General Stores
Ankeny, Iowa headquartered Casey's General Stores Inc.'s shares recorded a trading volume of 909,641 shares, which was above their three months average volume of 524,380 shares. The stock closed 0.02% higher at $119.84. The Company's shares have advanced 0.36% in the previous three months and 0.06% since the start of this year. The stock is trading 0.67% above its 200-day moving average. Additionally, shares of Casey's General Stores, which together with its subsidiaries, operates convenience stores under the Casey's General Store name in 14 Midwestern states, primarily in Iowa, Missouri, and Illinois, have an RSI of 22.96.
On September 07th, 2016, Casey's General Stores reported diluted earnings per share of $1.70 for Q1 FY17 ended July 31st, 2016, compared to $1.57 per share for the same quarter a year ago. The company sold 17.9 million renewable fuel credits for $14.7 million during Q1.
On September 08th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $145 a share to $143 a share. Download your free research report on CASY at:
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