Wells Fargo & Company Issues Positive Forecast for Casey’s General Stores (NASDAQ:CASY) Stock Price

Casey’s General Stores (NASDAQ:CASY) had its target price increased by Wells Fargo & Company from $725.00 to $745.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also weighed in on CASY. Bank of America began coverage on Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating on the stock. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. KeyCorp reiterated an “overweight” rating and set a $700.00 price target on shares of Casey’s General Stores in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Finally, Jefferies Financial Group increased their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $680.10.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $689.92 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores has a 52 week low of $372.08 and a 52 week high of $693.60. The firm has a 50 day moving average of $636.60 and a 200-day moving average of $577.12. The company has a market cap of $25.58 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.

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 business had revenue of $3.92 billion for the quarter, compared to analyst estimates 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 revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. On average, equities analysts forecast that Casey’s General Stores will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

Insider Activity at Casey’s General Stores

In related news, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by 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 stake in Casey’s General Stores during the third quarter valued at about $33,000. Institutional investors own 85.63% of the company’s stock.

Key Casey’s General Stores News

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.

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.