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

Casey’s General Stores (NASDAQ:CASY) had its price target decreased by UBS Group from $925.00 to $720.00 in a research report report published on Thursday morning, MarketBeat Ratings reports. UBS Group currently has a neutral rating on the stock.

Several other research firms have also issued reports on CASY. Stephens restated an “overweight” rating and set a $975.00 target price on shares of Casey’s General Stores in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $927.00 price target on shares of Casey’s General Stores in a research report on Friday, September 4th. Raymond James Financial raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price objective on the stock in a research note on Thursday. William Blair assumed coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating for the company. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a research note on Thursday, June 11th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $840.69.

Casey’s General Stores Stock Down 1.9%

Shares of NASDAQ:CASY opened at $615.47 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.60. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 2.01 and a beta of 0.59. The company has a 50 day moving average of $815.25 and a 200-day moving average of $785.11. Casey’s General Stores has a one year low of $497.38 and a one year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the business posted $5.77 earnings per share. Casey’s General Stores’s revenue was up 24.3% compared to the same quarter last year. On average, sell-side analysts forecast that Casey’s General Stores will post 21.4 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, CEO Darren Rebelez sold 19,000 shares of Casey’s General Stores stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO P Jr sold 5,700 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total value of $4,777,512.00. Following the completion of the sale, the chief financial officer owned 29,677 shares in the company, valued at approximately $24,874,074.32. This trade represents a 16.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 30,243 shares of company stock worth $24,421,877. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of Casey’s General Stores

A number of institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its holdings in Casey’s General Stores by 3.8% during the second quarter. Sequoia Financial Advisors LLC now owns 4,244 shares of the company’s stock worth $3,373,000 after purchasing an additional 156 shares during the last quarter. National Pension Service boosted its stake in shares of Casey’s General Stores by 3,138.9% during the 2nd quarter. National Pension Service now owns 67,466 shares of the company’s stock worth $53,621,000 after buying an additional 65,383 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Casey’s General Stores in the 2nd quarter valued at about $1,907,000. Engineers Gate Manager LP grew its holdings in shares of Casey’s General Stores by 188.3% in the 2nd quarter. Engineers Gate Manager LP now owns 1,534 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Cidel Asset Management Inc. acquired a new stake in shares of Casey’s General Stores in the second quarter valued at about $201,000. 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 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

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.