Casey’s General Stores (NASDAQ:CASY) Hits New 1-Year High Following Strong Earnings

Casey’s General Stores, Inc. (NASDAQ:CASY) hit a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $693.60 and last traded at $689.2190, with a volume of 457951 shares changing hands. The stock had previously closed at $664.54.

The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.80%. Casey’s General Stores’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $2.33 earnings per share.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Casey’s General Stores News Roundup

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.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CASY shares. Stephens reiterated an “overweight” rating and issued a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Evercore set a $665.00 target price on shares of Casey’s General Stores and gave the company an “outperform” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $680.10.

Insider Transactions at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Casey’s General Stores

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. boosted its stake in Casey’s General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after buying an additional 105 shares during the period. Savant Capital LLC increased its position in Casey’s General Stores by 2.6% during the second quarter. Savant Capital LLC now owns 2,230 shares of the company’s stock valued at $1,138,000 after acquiring an additional 56 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Casey’s General Stores in the second quarter valued at $870,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Casey’s General Stores in the second quarter valued at $134,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 3.8%

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 company’s fifty day moving average price is $636.60 and its 200-day moving average price is $577.12. The stock has a market cap of $25.58 billion, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.

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.