Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $780.00 at Jefferies Financial Group

Casey’s General Stores (NASDAQ:CASY) had its price target lifted by Jefferies Financial Group from $700.00 to $780.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently issued reports on CASY. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research report on Tuesday. Bank of America initiated coverage on Casey’s General Stores in a report on Friday, January 9th. They issued a “buy” rating for the company. Royal Bank Of Canada upped their price target on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research report on Thursday, January 8th. Finally, Evercore set a $665.00 price objective on Casey’s General Stores and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $680.10.

Casey’s General Stores Stock Up 3.8%

NASDAQ:CASY opened at $689.92 on Tuesday. 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 firm has a market cap of $25.58 billion, a P/E ratio of 39.61, a P/E/G ratio of 2.29 and a beta of 0.65. Casey’s General Stores has a fifty-two week low of $372.08 and a fifty-two week high of $693.60. The firm has a 50-day simple moving average of $636.60 and a two-hundred day simple moving average of $577.12.

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, topping the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.80%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Analysts predict that Casey’s General Stores will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is presently 14.02%.

Insider Activity

In other news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Casey’s General Stores

A number of institutional investors have recently bought and sold shares of CASY. Corient Private Wealth LLC raised its holdings in Casey’s General Stores by 8.5% during the fourth quarter. Corient Private Wealth LLC now owns 212,920 shares of the company’s stock valued at $117,872,000 after acquiring an additional 16,657 shares during the period. Union Savings Bank bought a new stake in Casey’s General Stores during the 4th quarter valued at approximately $550,000. Hsbc Holdings PLC bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $2,051,000. Stenger Family Office LLC lifted its holdings in shares of Casey’s General Stores by 233.3% in the fourth quarter. Stenger Family Office LLC now owns 1,743 shares of the company’s stock worth $963,000 after buying an additional 1,220 shares in the last quarter. Finally, Banque Transatlantique SA lifted its holdings in shares of Casey’s General Stores by 9.2% in the fourth quarter. Banque Transatlantique SA now owns 16,579 shares of the company’s stock worth $9,164,000 after buying an additional 1,401 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Trending Headlines about 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.