Casey’s General Stores’ (CASY) “Overweight” Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Casey’s General Stores (NASDAQ:CASY) in a report published on Wednesday morning,Benzinga reports. They currently have a $975.00 target price on the stock.

A number of other brokerages also recently issued reports on CASY. Wolfe Research reaffirmed an “outperform” rating and set a $1,069.00 price target on shares of Casey’s General Stores in a report on Thursday, June 11th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. BMO Capital Markets upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price objective on the stock in a research report on Monday, June 29th. Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $840.69.

Casey’s General Stores Trading Down 1.9%

Shares of NASDAQ:CASY opened at $615.47 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.60. Casey’s General Stores has a 1 year low of $497.38 and a 1 year high of $927.85. The company has a market cap of $22.75 billion, a P/E ratio of 29.65, a PEG ratio of 2.05 and a beta of 0.59. The stock’s fifty day moving average price is $815.25 and its 200-day moving average price is $785.11.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%.The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period last year, the company earned $5.77 EPS. Casey’s General Stores’s revenue for the quarter was up 24.3% on a year-over-year basis. Sell-side analysts expect that Casey’s General Stores will post 21.4 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 12.52%.

Insider Transactions at Casey’s General Stores

In related news, insider Chad Frazell sold 3,013 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the transaction, the insider owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Darren Rebelez sold 19,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the sale, the chief executive officer owned 89,174 shares of the company’s stock, valued at $71,469,394.04. This trade represents a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,243 shares of company stock worth $24,421,877. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Casey’s General Stores

A number of hedge funds have recently modified their holdings of CASY. Geode Capital Management LLC lifted its position in Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares in the last quarter. Daiichi Life Insurance Co. Ltd. bought a new stake in Casey’s General Stores during the second quarter valued at about $1,222,000. Burns J W & Co. Inc. NY increased its position in Casey’s General Stores by 103.5% in the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after buying an additional 1,245 shares in the last quarter. North Dakota State Investment Board purchased a new stake in Casey’s General Stores in the fourth quarter worth about $720,000. Finally, Jackson Creek Investment Advisors LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $1,338,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores News Summary

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

• Positive Sentiment: Casey’s reported fiscal Q1 EPS of $7.37, exceeding the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. Revenue increased 24.3% year over year. Why Did Casey’s General Stores Stock Tank This Week?
• Positive Sentiment: Management maintained its fiscal 2027 outlook, citing prepared-food traffic, fuel margins and the CEFCO remodel program as support for continued growth. CASY Q1 Earnings Call Keeps Outlook Intact on Food, Fuel Strength
• Positive Sentiment: Stephens reaffirmed its “Overweight” rating, and some analysts view the sharp selloff as a potential buying opportunity despite reducing their price targets. Stephens Reaffirms Overweight Rating
• Neutral Sentiment: UBS lowered its price target from $925 to $720 and shifted to a “Neutral” rating. Although the new target implies upside from recent trading levels, the reduction signals diminished confidence in near-term valuation expansion. Analysts Cut Forecasts After Q1 Results
• Negative Sentiment: The earnings beat failed to reassure investors because analysts broadly cut price targets after the report. Wells Fargo issued a pessimistic forecast, reinforcing concerns that expectations and Casey’s valuation remain too high even with solid operating results. Wells Fargo Issues Pessimistic Forecast
• Negative Sentiment: CASY is headed for one of its worst weekly performances in years as investors question whether the current growth plan can continue delivering at the pace implied by the stock’s prior valuation. CASY Stock Heads for Worst Week in 17 Years

Casey’s General Stores Company Profile

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.