Casey’s General Stores, Inc. (NASDAQ:CASY) Receives $928.53 Consensus Target Price from Analysts

Casey’s General Stores, Inc. (NASDAQ:CASY) has earned an average recommendation of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $854.1250.

CASY has been the subject of a number of research reports. The Goldman Sachs Group set a $750.00 price objective on shares of Casey’s General Stores in a report on Wednesday. BMO Capital Markets set a $810.00 target price on shares of Casey’s General Stores in a report on Thursday. William Blair began coverage on shares of Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating for the company. KeyCorp dropped their price target on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Evercore reiterated an “outperform” rating and set a $990.00 price target on shares of Casey’s General Stores in a report on Friday, June 12th.

Casey’s General Stores Stock Down 0.2%

CASY opened at $627.64 on Friday. The stock’s fifty day simple moving average is $818.89 and its 200 day simple moving average is $786.30. Casey’s General Stores has a 1-year low of $497.38 and a 1-year high of $927.85. The stock has a market cap of $23.20 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 2.13 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 0.57.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. Casey’s General Stores’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.77 earnings per share. As a group, research analysts expect that Casey’s General Stores will post 21.26 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared 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 dividend yield of 0.4%. The ex-dividend date is Friday, October 30th. Casey’s General Stores’s dividend payout ratio is presently 13.57%.

More Casey’s General Stores News

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

• Positive Sentiment: Casey’s reported fiscal Q1 2027 earnings of $7.37 per share and revenue of $5.68 billion, exceeding analyst estimates of $6.78 per share and approximately $5.57 billion in revenue. Inside gross profit and fuel margins helped offset higher costs. CASY Q1 Earnings Beat Estimates on Inside and Fuel Gains
• Positive Sentiment: Management maintained its fiscal 2027 outlook. Prepared-food traffic, fuel margins and planned CEFCO store remodels continue to support the company’s growth strategy. CASY Q1 Earnings Call Keeps Outlook Intact
• Positive Sentiment: Several analysts remain constructive despite the post-earnings selloff. Stephens reaffirmed an overweight rating with a $975 price target, while Wells Fargo retained an overweight rating with a reduced $750 target. Casey’s Beats on Both Lines in Q1
• Neutral Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The dividend provides modest income support, with an annualized yield of about 0.4%.
• Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior reported period; the accompanying percentage change was not meaningful. This suggests short covering is not a factor in the recent move.
• Negative Sentiment: Inside same-store sales increased 3.2%, below investor expectations. The weaker key sales metric overshadowed the earnings and revenue beats and raised concerns about slowing customer demand. Casey’s shares slide despite earnings beat
• Negative Sentiment: Analysts cut price targets following the results, including UBS, which lowered its target from $925 to $720 and adopted a neutral rating. The reductions indicate that valuation and growth expectations remain significant concerns despite the company’s solid execution. Analysts Cut Their Forecasts on Casey’s

Insider Buying and Selling

In other Casey’s General Stores news, Director Allison Wing sold 530 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the completion of the sale, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Darren Rebelez sold 19,000 shares of the business’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 value of $15,227,740.00. Following the sale, the chief executive officer directly owned 89,174 shares of the company’s stock, valued at $71,469,394.04. This represents a 17.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,243 shares of company stock worth $24,421,877 over the last 90 days. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Casey’s General Stores by 106,650.8% during the 2nd quarter. California State Teachers Retirement System now owns 46,043,774 shares of the company’s stock worth $36,595,131,000 after acquiring an additional 46,000,642 shares during the period. BlackRock Inc. purchased a new stake in shares of Casey’s General Stores in the second quarter worth $2,759,895,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $1,469,747,000 after buying an additional 2,657,687 shares in the last quarter. Franklin Resources Inc. boosted its stake in Casey’s General Stores by 40.9% during the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after buying an additional 310,470 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after buying an additional 52,250 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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.