Royal Bank Of Canada Issues Positive Forecast for Casey’s General Stores (NASDAQ:CASY) Stock Price

Casey’s General Stores (NASDAQ:CASY) had its price objective increased by Royal Bank Of Canada from $662.00 to $713.00 in a research note published on Tuesday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other equities research analysts have also commented on CASY. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Evercore set a $665.00 target price on Casey’s General Stores and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $680.10.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $689.92 on Tuesday. Casey’s General Stores has a 1 year low of $372.08 and a 1 year high of $693.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The firm has a market cap of $25.58 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 2.29 and a beta of 0.65. The company has a fifty day moving average price of $636.60 and a 200-day moving average price of $577.12.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.80%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $2.33 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts predict that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is currently 14.02%.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Moats Maria Castanon bought 300 shares of Casey’s General Stores stock in a transaction dated Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the transaction, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Casey’s General Stores

A number of hedge funds have recently modified their holdings of CASY. Foster Dykema Cabot & Partners LLC purchased a new position in Casey’s General Stores in the third quarter valued at approximately $25,000. Westside Investment Management Inc. increased its position in Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after buying an additional 23 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares during the period. True Wealth Design LLC raised its stake in shares of Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Casey’s General Stores during the 3rd quarter valued at $33,000. Institutional investors own 85.63% of the company’s stock.

Key Headlines Impacting Casey’s General Stores

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

• Positive Sentiment: Q3 earnings beat and upgraded FY26 profit outlook — CASY reported $3.49 EPS (well above estimates) and management raised fiscal‑2026 profit guidance, giving investors confidence in margin-driven earnings upside. Read More.
• Positive Sentiment: Margin expansion and inside-sales momentum — inside same‑store sales, prepared foods and fuel margin gains drove a large increase in EBITDA and net income, supporting cash flow and buyback/dividend capacity. Read More.
• Positive Sentiment: Multiple analyst upgrades and higher price targets — Jefferies, Wells Fargo and RBC (among others) raised targets and ratings after the report, providing fresh buy‑side momentum. Read More., Read More.
• Positive Sentiment: Dividend and share‑repurchase backdrop — Casey’s declared a quarterly dividend and has resumed modest buybacks, reinforcing total‑return appeal amid improving margins (supportive for long‑term holders). Read More.
• Neutral Sentiment: Longer‑term valuation debate — bullish writeups highlight the company as a buy‑the‑dip retail compounder, but some analysts caution CASY’s forward P/E is rich versus peers, creating mixed expectations about near‑term upside. Read More.
• Neutral Sentiment: Short‑interest data shows no clear signal — recent short‑interest entries in feeds report zero/NaN figures, so there’s no confirmed short squeeze dynamic driving the move.
• Negative Sentiment: Revenue miss and softer sales guidance weighed intraday — total revenue came in below consensus, and sales trends prompted some sellers; that explains earlier pullbacks even as earnings and margins beat. Read More., Read More.

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.