Zacks Investment Research downgraded shares of CST Brands Inc. (NYSE:CST) from a hold rating to a sell rating in a report issued on Monday morning.
According to Zacks, “CST Brands, Inc. operates as a retailer of motor fuels and convenience merchandise primarily in North America. The Company offers a wide selection of snack foods, tobacco products, beverages and fresh foods, including its own signature brands: Fresh Choices sandwiches, salads and packaged goods, U Force energy drinks, Cibolo Mountain coffees, Transit Cafe coffee and bakery, FC bottled sodas and Flavors 2 Go fountain sodas. CST Brands, Inc. is based in San Antonio, Texas. “
CST Brands (NYSE:CST) opened at 48.18 on Monday. The stock’s 50 day moving average price is $48.18 and its 200 day moving average price is $47.16. CST Brands has a 1-year low of $29.73 and a 1-year high of $48.43. The firm has a market cap of $3.65 billion, a P/E ratio of 11.05 and a beta of 1.08.
CST Brands (NYSE:CST) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.08. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.54 billion. CST Brands had a return on equity of 8.16% and a net margin of 3.63%. CST Brands’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 earnings per share. Equities research analysts predict that CST Brands will post $1.60 EPS for the current year.
In related news, Director Joseph V. Jr. Topper sold 47,421 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $48.12, for a total transaction of $2,281,898.52. Following the completion of the transaction, the director now directly owns 1,082,547 shares in the company, valued at approximately $52,092,161.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Gerard J. Sonnier sold 6,603 shares of the company’s stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $48.27, for a total value of $318,726.81. Following the transaction, the senior vice president now owns 14,575 shares of the company’s stock, valued at $703,535.25. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CST. Water Island Capital LLC bought a new position in shares of CST Brands during the third quarter worth approximately $56,986,000. American Century Companies Inc. increased its position in shares of CST Brands by 18.2% in the second quarter. American Century Companies Inc. now owns 4,643,695 shares of the company’s stock worth $200,050,000 after buying an additional 715,873 shares during the last quarter. Marshall Wace LLP increased its position in shares of CST Brands by 85.3% in the second quarter. Marshall Wace LLP now owns 1,325,116 shares of the company’s stock worth $57,085,000 after buying an additional 609,907 shares during the last quarter. Litespeed Management L.L.C. increased its position in shares of CST Brands by 402.9% in the second quarter. Litespeed Management L.L.C. now owns 722,477 shares of the company’s stock worth $31,124,000 after buying an additional 578,820 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of CST Brands by 650.3% in the third quarter. SG Americas Securities LLC now owns 653,779 shares of the company’s stock worth $31,440,000 after buying an additional 566,643 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.
CST Brands Company Profile
CST Brands, Inc (CST) is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its retail operations include the sale of motor fuel at convenience stores, commission agents and cardlocks; the sale of food, convenience merchandise items and services at convenience stores, and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers.
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