UBS Group Cuts Casey’s General Stores (NASDAQ:CASY) Price Target to $720.00

Casey’s General Stores (NASDAQ:CASY) had its price objective lowered by equities researchers at UBS Group from $925.00 to $720.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 12.29% from the company’s current price.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price target on the stock in a report on Monday, June 29th. Capital One Financial began coverage on shares of Casey’s General Stores in a report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price objective for the company. BNP Paribas Exane lowered their price objective on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Raymond James Financial upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 target price on the stock in a report on Thursday. Finally, The Goldman Sachs Group set a $750.00 target price on shares of Casey’s General Stores in a research note on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $876.56.

Casey’s General Stores Stock Up 1.9%

Shares of NASDAQ:CASY opened at $641.21 on Thursday. The stock has a fifty day simple moving average of $822.28 and a two-hundred day simple moving average of $786.58. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.50 and a beta of 0.59. Casey’s General Stores has a 12-month low of $497.38 and a 12-month high of $927.85. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Casey’s General Stores had a return on equity of 19.96% and a net margin of 4.14%.The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.77 earnings per share. On average, research analysts anticipate that Casey’s General Stores will post 21.21 earnings per share for the current fiscal year.

Insider Activity at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction on Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the transaction, the insider owned 6,668 shares in the company, valued at $5,334,400. This trade represents a 23.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Darren M. Rebelez sold 19,000 shares of the business’s stock in a transaction 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 directly owned 89,174 shares of the company’s stock, valued at approximately $71,469,394.04. The trade was a 17.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Casey’s General Stores

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its stake in Casey’s General Stores by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,244 shares of the company’s stock worth $3,373,000 after acquiring an additional 156 shares during the period. National Pension Service boosted its position in shares of Casey’s General Stores by 3,138.9% in the second quarter. National Pension Service now owns 67,466 shares of the company’s stock worth $53,621,000 after purchasing an additional 65,383 shares during the period. WINTON GROUP Ltd bought a new position in shares of Casey’s General Stores in the second quarter worth approximately $1,907,000. Engineers Gate Manager LP increased its stake in shares of Casey’s General Stores by 188.3% in the second quarter. Engineers Gate Manager LP now owns 1,534 shares of the company’s stock worth $1,219,000 after purchasing an additional 1,002 shares in the last quarter. Finally, Cidel Asset Management Inc. purchased a new stake in shares of Casey’s General Stores in the second quarter worth $201,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: Casey’s reported fiscal Q1 2027 diluted EPS of $7.37, up 27.7% year over year and above the $6.78 analyst consensus. Revenue rose 24.3% to $5.68 billion, also exceeding expectations, while EBITDA increased 17.1% to $485.1 million. Stronger fuel margins and inside gross profit helped offset higher costs. Casey’s Announces First Quarter Results
• Positive Sentiment: Several analysts defended the stock following the selloff. Stephens reaffirmed an overweight rating with a $975 price target, while Wells Fargo maintained overweight despite reducing its target to $750. Other coverage characterized the decline as a potentially more attractive entry point for a high-quality retailer. Casey’s is defended by analysts after post-earnings slide
• Neutral Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The company’s full-year outlook was unchanged, suggesting management continues to expect its broader growth plan to remain on track. CASY Q1 Earnings Beat Estimates on Inside and Fuel Gains
• Negative Sentiment: The primary concern was inside same-store sales growth of 3.2%, which slowed from the prior year and fell short of investor expectations. That weaker key sales metric overshadowed the earnings, revenue and EBITDA beats and raised concerns about moderating consumer demand and future growth. Casey’s shares slide despite earnings beat as inside sales growth disappoints
• Negative Sentiment: The reaction also reflects Casey’s demanding valuation and elevated prior expectations. Investors interpreted the quarter as evidence of earnings growth deceleration, while the broader market faced pressure from rising oil prices and geopolitical tensions. Casey’s General Stores’ Q1: Good Quarter, Tough Expectations

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.