Pantry shares rose almost 9 percent today, following an increased outlook from analysts at William Blair & Co.
On Tuesday afternoon, William Blair analyst Mark Miller issued a new projection for the Pantry's most recent quarter, saying that he expected the company to benefit from improved profit margins on gasoline.
Miller raised his estimate for the quarter by 20 cents a share to 17 cents. He also raised his estimate for the Pantry's fiscal year, which ends in September, by a corresponding 20 cents to $1.20 per share.
The Pantry is expected to release its earnings figures for its second fiscal quarter in May. The company's stock rose from $13.13 to $14.29 today.