Casey’s General Stores (NASDAQ:CASY) Sets New 12-Month High – Here’s Why

Casey’s General Stores, Inc. (NASDAQ:CASY) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $917.47 and last traded at $915.60, with a volume of 2008648 shares. The stock had previously closed at $761.18.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s delivered Q4 diluted EPS of $4.37, well ahead of estimates, with revenue of $4.57 billion also topping forecasts. The company said net income rose 65.5% year over year and EBITDA increased 33.2%, signaling broad-based operating strength. Article Title
• Positive Sentiment: Same-store sales and food service trends were strong, with management pointing to robust pizza, appetizer, side, and beverage sales as key drivers of the quarter’s outperformance. Article Title
• Positive Sentiment: The company raised its quarterly dividend by 14% to $0.65 per share, which reinforces confidence in cash generation and shareholder returns. Article Title
• Positive Sentiment: Several follow-up reports and commentary noted that the results were exceptional and that management’s FY27 outlook helped extend the post-earnings rally in the shares. Article Title
• Neutral Sentiment: Some market commentary highlighted that the stock’s valuation is now demanding after the run-up, with one note pointing to a rich forward earnings multiple even as fundamentals improved. Article Title
• Neutral Sentiment: Analysts and media coverage emphasized that the shares were already trending higher ahead of and after earnings, reflecting strong investor enthusiasm for the report and outlook. Article Title
• Negative Sentiment: One risk mentioned in post-earnings analysis is exposure to fuel margin volatility and gas prices, which could pressure future results if conditions weaken. Article Title

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Casey’s General Stores from $745.00 to $910.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada upped their price objective on Casey’s General Stores from $792.00 to $794.00 and gave the stock a “sector perform” rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $695.00 price objective on shares of Casey’s General Stores in a research report on Wednesday. KeyCorp upped their price objective on Casey’s General Stores from $830.00 to $860.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Stephens reaffirmed an “overweight” rating and set a $900.00 price objective on shares of Casey’s General Stores in a research report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $796.91.

Casey’s General Stores Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $33.84 billion, a PE ratio of 47.79, a P/E/G ratio of 2.11 and a beta of 0.61. The company has a fifty day moving average price of $794.30 and a two-hundred day moving average price of $681.81.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.96% and a net margin of 4.07%.The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.63 EPS. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 20.37 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 annualized dividend and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

Insider Buying and Selling

In related news, Director Mike Spanos acquired 300 shares of Casey’s General Stores stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the purchase, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Casey’s General Stores

Several institutional investors and hedge funds have recently added to or reduced their stakes in CASY. Foster Dykema Cabot & Partners LLC purchased a new stake in Casey’s General Stores during the 3rd quarter valued at approximately $25,000. Central Pacific Bank Trust Division raised its stake in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. True Wealth Design LLC raised its stake in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Casey’s General Stores during the 1st quarter worth approximately $33,000. Finally, ORG Partners LLC increased its position in Casey’s General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after purchasing an additional 20 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

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.