Casey’s General Stores (NASDAQ:CASY) Given Overweight Rating at Stephens

Stephens reaffirmed their overweight rating on shares of Casey’s General Stores (NASDAQ:CASY) in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a $680.00 target price on the stock.

Other equities research analysts also recently issued research reports about the company. KeyCorp reiterated an “overweight” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a research report on Thursday, February 12th. Bank of America began coverage on Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating for the company. UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $530.00 price target on shares of Casey’s General Stores in a report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $680.10.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $689.92 on Tuesday. The company has a 50 day moving average of $636.60 and a 200 day moving average of $577.12. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The stock 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 12 month low of $372.08 and a 12 month high of $693.60.

Casey’s General Stores (NASDAQ:CASY) last posted 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. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.80%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company posted $2.33 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Insiders Place Their Bets

In other news, Director Moats Maria Castanon purchased 300 shares of the stock in a transaction on Monday, January 5th. The shares were acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Casey’s General Stores

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Casey’s General Stores by 179,938.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after buying an additional 2,657,687 shares in the last quarter. Franklin Resources Inc. boosted its stake in Casey’s General Stores by 40.9% in the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock worth $590,671,000 after buying an additional 310,470 shares in the last quarter. Vontobel Holding Ltd. grew its position in Casey’s General Stores by 129.1% during the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after acquiring an additional 502,104 shares during the last quarter. Victory Capital Management Inc. grew its position in Casey’s General Stores by 35.4% during the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after acquiring an additional 206,777 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock worth $420,416,000 after acquiring an additional 52,250 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting 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.