Casey’s General Stores (NASDAQ:CASY) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Casey’s General Stores (NASDAQ:CASY) from a buy rating to a hold rating in a report published on Saturday morning.

A number of other analysts have also commented on CASY. Evercore set a $665.00 price target on shares of Casey’s General Stores and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. UBS Group lifted their target price on shares of Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada increased their price target on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $698.20.

Casey’s General Stores Trading Down 0.8%

Casey’s General Stores stock opened at $659.63 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. Casey’s General Stores has a one year low of $391.55 and a one year high of $696.66. The stock has a market capitalization of $24.38 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.65. The business’s fifty day moving average is $653.30 and its 200 day moving average is $586.40.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.Casey’s General Stores’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $2.33 EPS. On average, sell-side analysts predict that Casey’s General Stores will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed 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. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.09%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of Casey’s General Stores stock in a transaction on Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director owned 803 shares in the company, valued at approximately $445,391.98. This represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new position in Casey’s General Stores during the fourth quarter valued at $2,051,000. Forty three Eighteen Advisors LLC purchased a new stake in Casey’s General Stores in the fourth quarter worth about $224,000. Rockefeller Capital Management L.P. increased its position in Casey’s General Stores by 43.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,706 shares of the company’s stock worth $1,496,000 after buying an additional 814 shares in the last quarter. World Investment Advisors bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $218,000. Finally, Corient Private Wealth LLC raised its stake in shares of Casey’s General Stores by 8.5% in the fourth quarter. Corient Private Wealth LLC now owns 212,920 shares of the company’s stock worth $117,872,000 after buying an additional 16,657 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores News Summary

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

• Positive Sentiment: Zacks Research raised multiple near‑term and FY2026 EPS estimates for Casey’s (notably Q1 2028 to $6.90 from $6.56, Q2 2028 to $6.65 from $6.41, Q1 2027 to $6.28 from $6.05, Q2 2027 to $6.05 from $5.91, Q4 2026 to $3.28 from $3.05, and FY2026 to $18.07 from $17.20). Upward revisions signal improving analyst views on profitability and could support longer‑term valuation. MarketBeat CASY
• Neutral Sentiment: Macro/geopolitical context: Zacks published a piece recommending low‑leverage stocks as safer holdings amid Middle East tensions and market volatility — a backdrop that can both push investors toward defensive names and compress near‑term trading in discretionary/retail-related stocks. Bet on These 5 Low‑Leverage Stocks
• Neutral Sentiment: Short interest data in the most recent report is effectively a non‑reading (reported as zero shares / anomalous values), so there’s no clear short‑pressure signal to explain today’s move.
• Negative Sentiment: Wall Street Zen downgraded Casey’s to a “Hold” in a recent note — a downgrade can prompt some selling or reduce upside momentum even as some analysts raise earnings estimates. Casey’s Downgraded by Wall Street Zen

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.