Casey’s General Stores (NASDAQ:CASY) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Casey’s General Stores (NASDAQ:CASY) had its target price boosted by equities researchers at Royal Bank Of Canada from $662.00 to $713.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 4.76% from the stock’s previous close.

A number of other brokerages also recently issued reports on CASY. KeyCorp reaffirmed an “overweight” rating and set a $700.00 price target on shares of Casey’s General Stores in a research report on Thursday, February 12th. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Stephens reiterated an “overweight” rating and set a $680.00 price target on shares of Casey’s General Stores in a research report on Tuesday. Bank of America initiated coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $625.00 to $725.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $660.10.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $680.60 on Tuesday. The firm has a market capitalization of $25.23 billion, a PE ratio of 41.58, a P/E/G ratio of 2.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The stock has a 50-day simple moving average of $634.03 and a two-hundred day simple moving average of $575.80. Casey’s General Stores has a 52-week low of $372.08 and a 52-week high of $690.00.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 earnings per share. Analysts forecast that Casey’s General Stores will post 13.94 EPS for the current year.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the transaction, the director owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Casey’s General Stores

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Casey’s General Stores by 179,938.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after buying an additional 2,657,687 shares during the last quarter. Franklin Resources Inc. lifted its position in Casey’s General Stores by 40.9% in the 4th quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after purchasing an additional 310,470 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Casey’s General Stores by 129.1% in the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after purchasing an additional 502,104 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Casey’s General Stores by 35.4% during the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after purchasing an additional 206,777 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Casey’s General Stores by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after acquiring an additional 52,250 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

More Casey’s General Stores News

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

• Positive Sentiment: Q3 earnings beat on EPS and margins — Casey’s reported $3.49 EPS (well above consensus), with EBITDA and net income rising ~27.5% and ~49.3% respectively, driven by stronger inside sales and higher fuel margins; management highlighted margin strength and improved profitability. Casey’s Announces Third Quarter Results
• Positive Sentiment: Analyst support remains — Stephens reaffirmed an “overweight” rating and set a $680 price target, signaling continued analyst conviction even though the target implies only modest near-term upside from current levels. Benzinga
• Positive Sentiment: Dividend and capital returns — the company announced a quarterly dividend of $0.57/share (record May 1, pay May 15), reinforcing a steady capital-return profile alongside resumed share repurchases noted in the quarter.
• Positive Sentiment: Institutional buying and favorable narrative — coverage highlights Casey’s as a “quiet retail compounder” with strong institutional accumulation and a buy-the-dip investor base, supporting longer-term share appreciation. MarketBeat: The Quiet Retail Compounder
• Neutral Sentiment: Market-watch mentions and pre/post-market coverage — Casey’s showed up on watchlists and analyst preview pieces ahead of the report, increasing short-term attention but not changing fundamentals. Benzinga: Stocks To Watch
• Neutral Sentiment: Short-interest data is effectively immaterial/odd — latest filings show no meaningful short position (reported as zero), so short-covering pressure is unlikely to be a driver either way today.
• Negative Sentiment: Revenue miss and softer top-line outlook — revenue of $3.92B missed consensus and the company’s revenue/growth outlook is shy of Street expectations, which could cap upside despite margin beats and may explain any intraday weakness. Quarterly Report / Slide Deck

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.