Casey’s General Stores (NASDAQ:CASY) Reaches New 52-Week High – Should You Buy?

Casey’s General Stores, Inc. (NASDAQ:CASY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $587.32 and last traded at $588.86, with a volume of 67091 shares trading hands. The stock had previously closed at $573.61.

Casey’s General Stores News Summary

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

• Positive Sentiment: Analyst upgrades — Bank of America and Deutsche Bank initiated coverage with “buy” ratings this week, increasing institutional interest and buy-side visibility for CASY.
• Positive Sentiment: Earnings momentum — Analysts have lifted earnings estimates for Casey’s after the company beat quarterly EPS expectations and showed revenue growth; upward revisions often support higher multiples. Earnings Estimates Moving Higher for Casey’s (Zacks)
• Positive Sentiment: Technical/price action — CASY reached a 52-week high and has shown strong price strength since earnings, which can attract momentum and quant-driven flows. 52-Week High Coverage (Zacks)
• Positive Sentiment: Competitive edge — Sector research highlights Casey’s foodservice strategy outperforming fuel-only peers (e.g., Murphy USA), supporting revenue diversification and higher margins. Casey’s Food Strategy Wins Out (Benzinga)
• Positive Sentiment: Insider buying — Reported purchase of 300 shares by Moats Maria signals management/insider confidence, a small but positive signal for investors. Insider Purchase Report
• Neutral Sentiment: Market context and retrospectives — Articles highlighting long‑term returns and hedge‑fund/insider trading roundups provide color but do not present new fundamental catalysts. 10‑Year Return Retrospective (MSN) Hedge Fund & Insider Trading Roundup

Analysts Set New Price Targets

CASY has been the subject of several recent research reports. KeyCorp reaffirmed an “overweight” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Royal Bank Of Canada raised their target price on Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Evercore ISI upped their price objective on shares of Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $595.90.

Casey’s General Stores Stock Up 1.3%

The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 36.52 and a beta of 0.67. The business has a 50-day moving average of $554.37 and a 200-day moving average of $537.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter last year, the firm posted $4.85 earnings per share. Casey’s General Stores’s revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 14.02%.

Insider Buying and Selling

In other news, Director Moats Maria Castanon purchased 300 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Casey’s General Stores

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CASY. Westview Management dba Westview Investment Advisors purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth $4,807,000. Fulton Bank N.A. grew its stake in Casey’s General Stores by 10.4% during the 4th quarter. Fulton Bank N.A. now owns 618 shares of the company’s stock worth $342,000 after purchasing an additional 58 shares in the last quarter. True Wealth Design LLC grew its stake in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Casey’s General Stores by 25.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,879 shares of the company’s stock worth $3,879,000 after purchasing an additional 1,385 shares during the period. Finally, Wedmont Private Capital raised its position in Casey’s General Stores by 21.7% in the 4th quarter. Wedmont Private Capital now owns 454 shares of the company’s stock valued at $260,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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.