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

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

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 3.58% and a return on equity of 16.89%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm earned $2.33 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a $0.57 dividend. 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 is presently 14.02%.

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 outlook raise — CASY reported $3.49 EPS (well above estimates) and raised its FY26 profit/EBITDA outlook, giving investors confidence in near‑term earnings power. Casey’s Announces Third Quarter Results
• Positive Sentiment: Margin expansion and inside-sales strength — Inside same‑store sales, grocery and prepared‑foods growth plus a wider fuel margin drove strong margin expansion, boosting EBITDA and cash flow. The Quiet Retail Compounder Investors Keep Buying on Every Dip
• Positive Sentiment: Big operating leverage — Q3 results showed EBITDA +27.5% and net income +49% year‑over‑year, signaling earnings leverage even with muted top‑line growth. CASY Q3 Earnings Beat, Inside Sales Rise Y/Y, FY26 Outlook Raised
• Positive Sentiment: Analyst support and higher targets — Stephens reaffirmed an Overweight and RBC raised its price target to $713, providing dealer/analyst backing for the rally. Benzinga analyst coverage summary
• Positive Sentiment: Capital returns and institutional buying — Dividend maintained, buybacks resumed (share count down ~0.3% Y/Y), and institutions have been net buyers — all supportive for valuation and shareholder returns. MarketBeat piece on capital returns & institutional buying
• Neutral Sentiment: Rewards/membership milestone — Rewards club surpassed 10 million members, a positive signal for loyalty but not an immediate earnings swing. MarketBeat membership note
• Negative Sentiment: Revenue miss and softer top line — Q3 revenue ($3.92B) fell short of consensus (~$4.04–4.08B) and management’s revenue outlook is below Street expectations, which has driven near‑term selling pressure in some coverage. Casey’s General Stores falls on revenue miss despite earnings beat
• Negative Sentiment: Valuation concerns — Some commentators note a stretched forward P/E and warn the stock could underperform if revenue momentum weakens or growth expectations slip. Seeking Alpha valuation piece

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Casey’s General Stores from $625.00 to $725.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research report on Tuesday. Bank of America started coverage on Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating on the stock. Stephens restated an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a report on Tuesday. Finally, Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $660.10.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

Institutional Trading of Casey’s General Stores

Institutional investors have recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Casey’s General Stores in the third quarter valued at about $25,000. Westside Investment Management Inc. increased its holdings in Casey’s General Stores by 100.0% in the 3rd 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 period. True Wealth Design LLC increased its holdings in Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. Central Pacific Bank Trust Division raised its position in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores during the 3rd quarter valued at approximately $33,000. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Stock Performance

The firm’s 50 day simple moving average is $634.03 and its 200 day simple moving average is $575.80. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.29 and a beta of 0.65. 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 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.