Casey’s General Stores (NASDAQ:CASY) Stock Price Up 3.6% – Here’s Why

Casey’s General Stores, Inc. (NASDAQ:CASY)’s stock price shot up 3.6% on Wednesday . The stock traded as high as $603.43 and last traded at $606.0240. Approximately 326,929 shares traded hands during trading, a decline of 37% from the average daily volume of 518,690 shares. The stock had previously closed at $584.83.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Zacks Research raised its FY2027 EPS estimate to $21.37 from $21.12, FY2028 EPS to $23.73 from $23.11, and FY2029 EPS to $26.28 from $25.37. The revisions suggest improving expectations for Casey’s earnings growth over the next several years.
• Positive Sentiment: Nearer-term estimates were also increased for Q3 2027, Q1 2028, Q3 2028, and Q1 2029. The largest changes were Q1 2028 EPS to $7.37 from $6.93 and Q1 2029 EPS to $8.11 from $7.55.
• Neutral Sentiment: The revisions are mixed rather than uniformly bullish: Zacks lowered estimates for Q4 2027 EPS to $4.25 from $4.28, Q2 2028 EPS to $6.72 from $6.83, and Q4 2028 EPS to $4.81 from $4.82. These changes are small and do not materially alter the broader earnings outlook.
• Neutral Sentiment: Zacks maintained a “Hold” rating, while the current full-year consensus remains $21.40 per share. Investors may therefore view the estimate increases as supportive, but not as a strong enough catalyst for an outright bullish rating.
• Neutral Sentiment: Recent grocery-stock roundup articles provided no specific new operational, financial, or strategic announcement from Casey’s General Stores, limiting their relevance to the current stock move. Best Grocery Stocks Worth Watching – September 21st

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent analyst reports. BMO Capital Markets set a $810.00 price objective on Casey’s General Stores in a report on Thursday, September 10th. The Goldman Sachs Group set a $750.00 price target on shares of Casey’s General Stores in a research report on Wednesday, September 9th. UBS Group decreased their price objective on shares of Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating for the company in a research report on Thursday, September 10th. Stephens set a $750.00 price objective on shares of Casey’s General Stores in a research note on Thursday, September 10th. Finally, Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average target price of $840.69.

Casey’s General Stores Stock Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. The stock’s 50-day simple moving average is $782.70 and its 200 day simple moving average is $781.67. The stock has a market capitalization of $22.00 billion, a P/E ratio of 28.74, a PEG ratio of 1.91 and a beta of 0.59.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating the consensus estimate of $6.78 by $0.59. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. The company’s revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.77 earnings per share. Research analysts expect that Casey’s General Stores, Inc. will post 21.4 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio is currently 12.52%.

Insider Activity

In other news, CEO Darren M. Rebelez sold 19,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value of $15,227,740.00. Following the transaction, the chief executive officer owned 89,174 shares of the company’s stock, valued at approximately $71,469,394.04. This represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $800.00, for a total value of $1,600,000.00. Following the transaction, the insider owned 6,668 shares in the company, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 30,243 shares of company stock valued at $24,421,877. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CASY. Fiduciary Financial Advisors bought a new position in Casey’s General Stores in the 2nd quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new position in Casey’s General Stores during the 1st quarter worth about $33,000. Bell Investment Advisors Inc acquired a new stake in Casey’s General Stores during the 2nd quarter valued at approximately $33,000. Anchor Investment Management LLC raised its holdings in Casey’s General Stores by 72.0% during the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock worth $34,000 after purchasing an additional 18 shares during the last quarter. Finally, Caitlin John LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter valued at $35,000. 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.