Wells Fargo & Company Cuts Casey’s General Stores (NASDAQ:CASY) Price Target to $750.00

Casey’s General Stores (NASDAQ:CASY) had its target price lowered by analysts at Wells Fargo & Company from $960.00 to $750.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 19.23% from the stock’s previous close.

CASY has been the subject of several other reports. JPMorgan Chase & Co. cut their target price on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. 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. Wolfe Research restated an “outperform” rating and set a $1,069.00 price objective on shares of Casey’s General Stores in a research report on Thursday, June 11th. The Goldman Sachs Group lifted their target price on Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price on the stock in a research report on Monday, July 13th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $914.33.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY traded down $104.46 during mid-day trading on Wednesday, reaching $629.03. The company’s stock had a trading volume of 2,579,227 shares, compared to its average volume of 506,448. The firm has a market capitalization of $23.28 billion, a PE ratio of 32.83, a P/E/G ratio of 2.58 and a beta of 0.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The stock has a fifty day moving average of $825.39 and a two-hundred day moving average of $786.82. Casey’s General Stores has a 52 week low of $497.38 and a 52 week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the company earned $5.77 EPS. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Casey’s General Stores will post 21.13 EPS for the current fiscal year.

Insider Activity

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was 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 in the company, valued at $71,469,394.04. This represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 30,243 shares of company stock worth $24,421,877. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CASY. Fiduciary Financial Advisors bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $26,000. Whipplewood Advisors LLC purchased a new position in shares of Casey’s General Stores during the 1st quarter worth about $33,000. Bell Investment Advisors Inc bought a new position in Casey’s General Stores during the 2nd quarter valued at about $33,000. Caitlin John LLC bought a new position in Casey’s General Stores during the 2nd quarter valued at about $35,000. Finally, Larson Financial Group LLC raised its position in Casey’s General Stores by 252.4% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after purchasing an additional 53 shares during the period. 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 adjusted earnings of $7.37 per share, above the $6.78 consensus estimate, while revenue reached $5.68 billion versus expectations of approximately $5.56 billion. Revenue increased 24.3% year over year, and EBITDA rose 17.1% to $485.1 million. Casey’s Announces First Quarter Results
• Positive Sentiment: Stronger fuel margins and inside gross profit helped offset higher costs, supporting the earnings beat. Management maintained its full-year outlook, reducing the risk of an immediate guidance cut. CASY Q1 Earnings Beat Estimates on Inside and Fuel Gains
• Positive Sentiment: Analysts remained constructive after the selloff. UBS cited effective execution despite an uneven macroeconomic environment, while Stephens reaffirmed its Overweight rating with a $975 price target. UBS Commentary on Casey’s Fiscal Q1 Results
• Neutral Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The dividend offers a modest yield of roughly 0.4%.
• Negative Sentiment: Inside same-store sales grew only 3.2%, below investor expectations and slower than the prior year. Because this metric reflects customer spending in Casey’s stores, the miss raised concerns about weakening demand and earnings-growth deceleration. Casey’s Same-Store Sales Growth Declines
• Negative Sentiment: The market reaction reflects high expectations: investors focused on the softer sales trend rather than the headline earnings and revenue beats. Analysts have described the quarter as good but difficult to match against elevated expectations, pressuring the stock toward its 2026 lows. Casey’s Q1: Good Quarter, Tough Expectations

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.