The Goldman Sachs Group Forecasts Strong Price Appreciation for Casey’s General Stores (NASDAQ:CASY) Stock

Casey’s General Stores (NASDAQ:CASY) had its price target raised by analysts at The Goldman Sachs Group from $530.00 to $605.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 10.21% from the stock’s current price.

Several other analysts have also recently issued reports on CASY. BMO Capital Markets restated a “market perform” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 4th. Northcoast Research lowered Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Wells Fargo & Company boosted their price target on Casey’s General Stores from $725.00 to $745.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a report on Tuesday. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $698.20.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $673.81 on Wednesday. The firm has a market cap of $24.90 billion, a P/E ratio of 38.68, a P/E/G ratio of 2.31 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.65. Casey’s General Stores has a 1-year low of $381.33 and a 1-year high of $696.66. The firm has a fifty day moving average of $641.66 and a two-hundred day moving average of $578.54.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) 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 17.56%. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business posted $2.33 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts anticipate that Casey’s General Stores will post 13.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Moats Maria Castanon purchased 300 shares of Casey’s General Stores stock in a transaction dated Monday, January 5th. The stock was bought at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director owned 803 shares in the company, valued at $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the transaction, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is owned by company insiders.

Institutional Trading of Casey’s General Stores

Several hedge funds have recently bought and sold shares of CASY. Foster Dykema Cabot & Partners LLC bought a new position in Casey’s General Stores in the 3rd quarter worth about $25,000. Westside Investment Management Inc. raised its holdings in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Casey’s General Stores by 52.8% during 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 last quarter. True Wealth Design LLC boosted its position in shares of Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in Casey’s General Stores in the 3rd quarter worth approximately $33,000. 85.63% of the stock is currently owned by institutional investors.

Key Casey’s General Stores News

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

• Positive Sentiment: Company-level growth and guidance: Casey’s reiterated aggressive EBITDA expansion (18%–20%) while pushing further into prepared foods and store growth — a clear earnings-growth driver supporting higher valuation. Casey’s outlines 18%-20% EBITDA growth guidance
• Positive Sentiment: Recent earnings momentum and 52-week high: The firm has reported strong results and has been hitting new highs, underpinning positive investor sentiment and momentum flows. Casey’s Reaches New 52-Week High
• Positive Sentiment: Analyst bullishness: Multiple outlets report that RBC and Jefferies see upside/strong appreciation potential for CASY, reinforcing buy-side interest. RBC Forecasts Strong Price Appreciation Jefferies Expects Stock to Rise
• Positive Sentiment: Positive research/momentum signals: Zacks and other outlets are flagging CASY as a strong momentum/growth name and noted a bullish technical signal (golden cross), which can attract trend-following funds. Zacks: Strong Momentum Stock
• Neutral Sentiment: Macro/headline risk: Higher national gas prices could lift fuel-margin revenue but may pressure consumer traffic; impact is mixed and depends on elasticity in Casey’s markets. Investopedia: Gas Prices Up
• Neutral Sentiment: Short interest data is effectively zero/erroneous in recent reports (0 shares / NaN changes), so it’s not a meaningful immediate pressure point.
• Negative Sentiment: Insider sale: Director Katrina Lindsey sold 200 shares (~$136.6k) recently, trimming her stake — small in size but sometimes cited by investors as a near-term negative signal. Insider Sale Filing
• Negative Sentiment: Mixed sell-side signals: Goldman Sachs raised its price target to $605 but kept a “neutral” rating; that target sits below recent market levels, which can encourage cautious positioning and profit-taking. Goldman Raises Target to $605 (Neutral)

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.