Casey’s General Stores, Inc. (NASDAQ:CASY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Casey’s General Stores, Inc. (NASDAQ:CASY) has received a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $840.6875.

Several research firms recently issued reports on CASY. Capital One Financial assumed coverage on shares of Casey’s General Stores in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price for the company. Wells Fargo & Company cut their price objective on shares of Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday. Stephens set a $750.00 price objective on shares of Casey’s General Stores in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $933.00 target price on shares of Casey’s General Stores in a research note on Thursday. Finally, UBS Group cut their price target on Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating for the company in a research note on Thursday.

Casey’s General Stores Stock Down 1.9%

Casey’s General Stores stock opened at $615.47 on Friday. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.59. Casey’s General Stores has a 52 week low of $497.38 and a 52 week high of $927.85. The business’s 50-day moving average price is $815.25 and its 200 day moving average price is $785.11. The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

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. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%.The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.77 EPS. As a group, sell-side analysts anticipate that Casey’s General Stores will post 21.4 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

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

Insider Buying and Selling

In other news, Director Allison Wing sold 530 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total transaction of $443,917.40. Following the completion of the transaction, the director directly owned 3,042 shares of the company’s stock, valued at $2,547,918.36. This represents a 14.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO P Jr sold 5,700 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 29,677 shares in the company, valued at $24,874,074.32. This trade represents a 16.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,243 shares of company stock valued at $24,421,877 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Casey’s General Stores

Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its stake in shares of 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 in the last quarter. National Pension Service boosted its holdings in Casey’s General Stores by 3,138.9% in 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 acquired a new stake in Casey’s General Stores in the 2nd quarter worth about $1,907,000. Engineers Gate Manager LP increased its stake in Casey’s General Stores by 188.3% during the 2nd quarter. Engineers Gate Manager LP now owns 1,534 shares of the company’s stock worth $1,219,000 after buying an additional 1,002 shares in the last quarter. Finally, Cidel Asset Management Inc. purchased a new stake in Casey’s General Stores during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds 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.