Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $713.00

Casey’s General Stores (NASDAQ:CASY) had its price target increased by Royal Bank Of Canada from $662.00 to $713.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently commented on the company. Stephens reissued an “overweight” rating and issued a $680.00 target price on shares of Casey’s General Stores in a research note on Tuesday. Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a report on Wednesday, December 10th. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $700.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $698.20.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $673.81 on Tuesday. The business has a fifty day simple moving average of $641.66 and a two-hundred day simple moving average of $578.54. The firm has a market capitalization of $24.90 billion, a P/E ratio of 38.68, a P/E/G ratio of 2.31 and a beta of 0.65. The company has a current ratio of 1.04, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Casey’s General Stores has a 12 month low of $381.33 and a 12 month high of $696.66.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $2.33 EPS. Casey’s General Stores’s revenue was up .3% on a year-over-year basis. On average, equities analysts forecast that Casey’s General Stores will post 13.94 earnings per share for the current fiscal 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 paid 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 payout ratio is currently 13.09%.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Moats Maria Castanon purchased 300 shares of the 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 completion of the acquisition, the director directly owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of Casey’s General Stores

A number of hedge funds have recently bought and sold shares of the company. Menard Financial Group LLC boosted its position in Casey’s General Stores by 1.2% in the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after purchasing an additional 15 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Casey’s General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock valued at $2,839,000 after purchasing an additional 16 shares during the last quarter. Steph & Co. lifted its stake in shares of Casey’s General Stores by 2.2% in the 3rd quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after purchasing an additional 18 shares during the period. LifeWealth Investments LLC boosted its holdings in shares of Casey’s General Stores by 2.1% in the third quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after buying an additional 18 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its holdings in shares of Casey’s General Stores by 0.8% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock worth $1,292,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores News Summary

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

• Positive Sentiment: Company-level growth and guidance: Casey’s reiterated aggressive EBITDA expansion (18%–20%) while pushing further into prepared foods and store growth — a clear earnings-growth driver supporting higher valuation. Casey’s outlines 18%-20% EBITDA growth guidance
• Positive Sentiment: Recent earnings momentum and 52-week high: The firm has reported strong results and has been hitting new highs, underpinning positive investor sentiment and momentum flows. Casey’s Reaches New 52-Week High
• Positive Sentiment: Analyst bullishness: Multiple outlets report that RBC and Jefferies see upside/strong appreciation potential for CASY, reinforcing buy-side interest. RBC Forecasts Strong Price Appreciation Jefferies Expects Stock to Rise
• Positive Sentiment: Positive research/momentum signals: Zacks and other outlets are flagging CASY as a strong momentum/growth name and noted a bullish technical signal (golden cross), which can attract trend-following funds. Zacks: Strong Momentum Stock
• Neutral Sentiment: Macro/headline risk: Higher national gas prices could lift fuel-margin revenue but may pressure consumer traffic; impact is mixed and depends on elasticity in Casey’s markets. Investopedia: Gas Prices Up
• Neutral Sentiment: Short interest data is effectively zero/erroneous in recent reports (0 shares / NaN changes), so it’s not a meaningful immediate pressure point.
• Negative Sentiment: Insider sale: Director Katrina Lindsey sold 200 shares (~$136.6k) recently, trimming her stake — small in size but sometimes cited by investors as a near-term negative signal. Insider Sale Filing
• Negative Sentiment: Mixed sell-side signals: Goldman Sachs raised its price target to $605 but kept a “neutral” rating; that target sits below recent market levels, which can encourage cautious positioning and profit-taking. Goldman Raises Target to $605 (Neutral)

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.