Casey’s General Stores, Inc. (NASDAQ:CASY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $700.0909.

CASY has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on shares of Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. KeyCorp reissued an “overweight” rating and issued a $700.00 price target on shares of Casey’s General Stores in a research report on Thursday, February 12th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Jefferies Financial Group increased their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company increased their price target on shares of Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mike Spanos purchased 300 shares of Casey’s General Stores stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director directly owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Casey’s General Stores

A number of hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in Casey’s General Stores in the fourth quarter worth approximately $2,051,000. Forty three Eighteen Advisors LLC acquired a new position in Casey’s General Stores in the fourth quarter worth approximately $224,000. Rockefeller Capital Management L.P. increased its holdings in Casey’s General Stores by 43.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,706 shares of the company’s stock worth $1,496,000 after buying an additional 814 shares during the last quarter. World Investment Advisors acquired a new position in Casey’s General Stores in the fourth quarter worth approximately $218,000. Finally, Corient Private Wealth LLC increased its holdings in Casey’s General Stores by 8.5% in the fourth quarter. Corient Private Wealth LLC now owns 212,920 shares of the company’s stock worth $117,872,000 after buying an additional 16,657 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $758.37 on Thursday. Casey’s General Stores has a one year low of $410.01 and a one year high of $762.51. The company has a 50-day moving average of $679.58 and a two-hundred day moving average of $603.44. The stock has a market cap of $28.03 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 2.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $2.33 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts expect that Casey’s General Stores will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.09%.

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: Index inclusion — Casey’s will be added to the S&P 500 (replacing Hologic), a change that typically forces purchases by index funds and can boost demand for the stock ahead of the effective date. Casey’s General Stores Stock Has Been On a Tear. Now It’s Joining The S&P 500
• Positive Sentiment: Investor attention and bullish coverage — multiple outlets highlight Casey’s as a “stealth” growth story and one of the market’s fastest‑rising stocks, which can attract momentum traders and retail inflows. S&P 500 Snaps Up One of the Market’s Fastest‑Rising Stocks—Should You Buy It?
• Positive Sentiment: Price momentum ahead of SPX debut — analysts and newsletters note record highs and heavy trading volume ahead of the S&P 500 inclusion date, reinforcing short‑term upside. Casey’s General Stores Stock Breaking Records Before SPX Debut
• Neutral Sentiment: Recent earnings were mixed — Casey’s reported a sizable EPS beat, which supports the share rally, but revenue slightly missed consensus, leaving longer‑term fundamental impact ambiguous. (Earnings recap reflected in recent coverage.) Casey’s (CASY) Up 7.5% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Sector tailwinds cited — retail/convenience spending strength and low‑leverage profiles are drawing analysts’ attention, which supports a constructive medium‑term outlook but isn’t guaranteed to sustain the rally. 4 Retail Stocks to Boost Your Portfolio as Sales Continue to Soar
• Negative Sentiment: Valuation and profit‑taking risk — Casey’s trades at a premium valuation (high P/E), which could amplify pullbacks if growth expectations slip or after the index inclusion playback finishes.

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.