Casey’s General Stores (NASDAQ:CASY) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Casey’s General Stores (NASDAQ:CASY) had its price objective boosted by research analysts at Wells Fargo & Company from $910.00 to $960.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 5.94% from the company’s previous close.

Several other analysts have also issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. The Goldman Sachs Group restated a “neutral” rating and set a $695.00 price target on shares of Casey’s General Stores in a report on Wednesday. Jefferies Financial Group upped their price objective on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Wolfe Research restated an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $853.75.

Casey’s General Stores Stock Down 1.0%

Shares of NASDAQ:CASY opened at $906.16 on Thursday. The business’s 50 day moving average is $794.30 and its 200 day moving average is $681.81. Casey’s General Stores has a 12-month low of $490.00 and a 12-month high of $919.19. The stock has a market cap of $33.49 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 2.11 and a beta of 0.61. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61.

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

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos acquired 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the purchase, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

A number of large investors have recently bought and sold shares of CASY. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Casey’s General Stores during the 3rd quarter valued at $25,000. Whipplewood Advisors LLC purchased a new stake in Casey’s General Stores in the 1st quarter worth about $33,000. True Wealth Design LLC increased its holdings in Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in Casey’s General Stores by 52.8% in 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 period. Finally, RMG Wealth Management LLC lifted its holdings in Casey’s General Stores by 250.0% during the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock valued at $41,000 after purchasing an additional 40 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

More Casey’s General Stores News

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

• Positive Sentiment: Casey’s reported Q4 EPS of $4.37, well above estimates, with revenue of $4.57 billion also topping forecasts; net income, EBITDA, and same-store sales all showed strong year-over-year growth, signaling broad operational momentum. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Management highlighted durable margin strength, saying inside sales, fuel discipline, and store growth can keep EBITDA rising, with inside margins expected to stay above 42% into fiscal 2027. CASY Q4 Earnings Call Flags Durable Margin Momentum
• Positive Sentiment: Casey’s raised its quarterly dividend by 14% to $0.65 per share, reinforcing confidence in cash generation and adding to the stock’s appeal for income-focused investors. Casey’s General Stores raises dividend by 14% to $0.65
• Positive Sentiment: Analysts and market commentary are pointing to Casey’s as a “hot buy” after growth, buybacks, and guidance aligned, helping support the stock’s recent strength. Casey’s Is Looking Like a Hot Buy as Growth, Buybacks, and Guidance Align
• Neutral Sentiment: Several articles noted that the stock is trading at a rich valuation after the rally, with some investors cautioning that the shares are expensive relative to earnings power despite the strong results. Casey’s General Stores Q4: Hard To Buy At 41x Earnings
• Neutral Sentiment: Media coverage also highlighted that pizza and other food items were key contributors to the beat, underscoring the strength of Casey’s inside-store sales model rather than signaling a new catalyst. Casey’s General Stores Results Helped by Pizza Sales

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.