Casey’s General Stores (NASDAQ:CASY) Price Target Cut to $995.00 by Analysts at BNP Paribas Exane

Casey’s General Stores (NASDAQ:CASY) had its price objective dropped by investment analysts at BNP Paribas Exane from $1,032.00 to $995.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BNP Paribas Exane’s target price would indicate a potential upside of 25.15% from the stock’s current price.

CASY has been the topic of a number of other research reports. Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. BMO Capital Markets raised their price target on shares of Casey’s General Stores from $700.00 to $950.00 and gave the stock a “market perform” rating in a report on Thursday, June 11th. KeyCorp lifted their price target on shares of Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Wells Fargo & Company upped their price objective on shares of Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Finally, Capital One Financial started coverage on Casey’s General Stores in a research note on Monday. They issued an “equal weight” rating and a $896.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $939.29.

Casey’s General Stores Trading Down 0.8%

NASDAQ CASY traded down $6.32 during trading hours on Thursday, hitting $795.03. 337,021 shares of the company’s stock were exchanged, compared to its average volume of 534,877. The stock has a 50-day simple moving average of $816.66 and a 200 day simple moving average of $702.34. Casey’s General Stores has a 1-year low of $490.00 and a 1-year high of $927.85. The firm has a market cap of $29.42 billion, a price-to-earnings ratio of 41.67, a PEG ratio of 2.51 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $2.63 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities analysts forecast that Casey’s General Stores will post 21.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Casey’s General Stores

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in Casey’s General Stores by 179,938.2% in 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 acquiring an additional 2,657,687 shares in the last quarter. Norges Bank purchased a new position in Casey’s General Stores during the 4th quarter worth $265,163,000. Franklin Resources Inc. grew its stake in shares of Casey’s General Stores by 40.9% in the 4th quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock worth $590,671,000 after acquiring an additional 310,470 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Casey’s General Stores by 175.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock worth $260,622,000 after buying an additional 300,249 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Casey’s General Stores by 115.9% during the fourth quarter. Corient Private Wealth LLC now owns 423,666 shares of the company’s stock valued at $234,164,000 after buying an additional 227,403 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Key Casey’s General Stores News

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

• Positive Sentiment: Casey’s unveiled a new three-year strategic plan focused on food growth, store expansion, and technology-driven productivity improvements, which should support longer-term sales and margin growth. Casey’s Announces New Three-Year Strategic Plan
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Casey’s across fiscal 2027, 2028, and 2029, signaling improved profit expectations and reinforcing the company’s growth outlook. Zacks Research estimate updates
• Positive Sentiment: Casey’s was highlighted on a Zacks momentum list and as a stock to watch, reflecting strong earnings growth and price strength relative to the market. Best Momentum Stocks to Buy for June 24th
• Neutral Sentiment: Several articles questioned whether CASY is still worth buying after a large annual gain, suggesting the stock’s valuation may limit further upside even with solid fundamentals. Casey’s General Stores (CASY) Stock After 59% Yearly Gain Is There Still Upside?
• Neutral Sentiment: Analysts at Zacks still rate the stock as “Hold,” indicating optimism about earnings but not enough to turn fully bullish at current levels. Casey’s Unveils Three-Year Plan Focusing on Growth and Productivity

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.