Zacks Research Issues Positive Outlook for CASY Earnings

Casey’s General Stores, Inc. (NASDAQ:CASY) – Research analysts at Zacks Research upped their Q4 2026 earnings per share (EPS) estimates for shares of Casey’s General Stores in a report issued on Tuesday, December 23rd. Zacks Research analyst Team now expects that the company will post earnings of $3.05 per share for the quarter, up from their previous estimate of $2.83. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Casey’s General Stores’ current full-year earnings is $13.94 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q1 2027 earnings at $6.05 EPS, Q2 2027 earnings at $5.91 EPS, Q3 2027 earnings at $3.05 EPS, Q4 2027 earnings at $3.34 EPS, FY2027 earnings at $18.35 EPS, Q1 2028 earnings at $6.56 EPS, Q2 2028 earnings at $6.41 EPS and FY2028 earnings at $19.90 EPS.

CASY has been the subject of a number of other reports. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Jefferies Financial Group increased their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday. Royal Bank Of Canada upped their target price on Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 10th. Finally, Evercore ISI lifted their price target on shares of Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $585.67.

Casey’s General Stores Stock Up 0.2%

Casey’s General Stores stock opened at $568.18 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Casey’s General Stores has a 1-year low of $372.08 and a 1-year high of $575.98. The firm’s fifty day simple moving average is $547.77 and its 200-day simple moving average is $531.83. The company has a market capitalization of $21.06 billion, a P/E ratio of 34.94 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the previous year, the company earned $4.85 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its position in shares of Casey’s General Stores by 129.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock worth $503,635,000 after buying an additional 502,104 shares during the period. Victory Capital Management Inc. raised its stake in Casey’s General Stores by 35.4% during the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after acquiring an additional 206,777 shares in the last quarter. Franklin Resources Inc. raised its stake in Casey’s General Stores by 7.0% during the third quarter. Franklin Resources Inc. now owns 758,212 shares of the company’s stock worth $428,632,000 after acquiring an additional 49,319 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Casey’s General Stores by 5.0% during the third quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock valued at $287,182,000 after acquiring an additional 24,091 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Casey’s General Stores by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock valued at $229,070,000 after purchasing an additional 37,625 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Key Casey’s General Stores News

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Zacks raised multi?period earnings forecasts, boosting FY2027 to $18.35 (from $17.80) and FY2028 to $19.90 (from $19.40), improving the medium?term EPS outlook and supporting valuation multiples.
• Positive Sentiment: Multiple quarterly upgrades from Zacks: Q4 2026 to $3.05 (from $2.83), Q2 2027 to $5.91 (from $5.43), Q3 2027 to $3.05 (from $2.92), Q4 2027 to $3.34 (from $3.25), and Q2 2028 to $6.41 (from $5.92) — suggests analysts expect stronger franchise performance and margin leverage in several upcoming quarters.
• Positive Sentiment: Technical momentum: CASY has crossed above its 20?day moving average and hit a 52?week high, a short?term bullish signal that often attracts momentum and trend?following flows. Read More. Read More.
• Neutral Sentiment: Zacks maintains a “Hold” rating despite the estimate changes — upgrades lift EPS expectations but the rating indicates analysts see the stock as fairly valued for now.
• Neutral Sentiment: Reported short?interest data is effectively meaningless (shows 0 shares and NaN change), so there’s no clear short?squeeze dynamic to amplify moves.
• Negative Sentiment: Zacks trimmed near?term Q1 estimates twice: Q1 2027 to $6.05 (from $6.20) and Q1 2028 to $6.56 (from $6.76), signaling potential short?term variability in comps or margin pressure for specific quarters.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.