Casey’s General Stores, Inc. (NASDAQ:CASY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $939.2857.

A number of brokerages have issued reports on CASY. William Blair began coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They issued an “outperform” rating on the stock. Wolfe Research reissued an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a report on Thursday, June 11th. Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. The Goldman Sachs Group raised their target price on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $778.63 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $818.34 and its two-hundred day moving average price is $704.39. Casey’s General Stores has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a market capitalization of $28.82 billion, a P/E ratio of 40.64, a P/E/G ratio of 2.34 and a beta of 0.61.

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

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a $0.65 dividend. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is 11.90%.

Key Casey’s General Stores News

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

• Positive Sentiment: Casey’s outlined a three-year growth plan focused on food, new stores, and operational efficiency, which could support longer-term earnings and margin expansion. Casey’s Unveils Three-Year Plan Focusing on Growth and Productivity
• Positive Sentiment: Analysts at Zacks Research raised Q4 2028 EPS estimates for Casey’s, signaling improved earnings expectations even though the stock retains a Hold rating.
• Positive Sentiment: BNP Paribas Exane lowered its price target to $995 from $1,032 but kept an outperform rating, implying meaningful upside versus the current share price.
• Positive Sentiment: Casey’s was highlighted among stocks with strong interest coverage ratios and solid EPS growth prospects, reinforcing its profile as a financially resilient company. 4 Stocks With Strong Interest Coverage Ratios to Buy for H2 2026

Institutional Investors Weigh In On Casey’s General Stores

A number of hedge funds have recently made changes to their positions in CASY. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Casey’s General Stores by 179,938.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after buying an additional 2,657,687 shares during the last quarter. Norges Bank bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $265,163,000. Franklin Resources Inc. raised its holdings in shares of Casey’s General Stores by 40.9% during the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after buying an additional 310,470 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Casey’s General Stores by 175.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock valued at $260,622,000 after buying an additional 300,249 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of 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 last quarter. 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.