Casey’s General Stores (NASDAQ:CASY) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Casey’s General Stores (NASDAQ:CASY) had its price objective upped by investment analysts at Wells Fargo & Company from $725.00 to $745.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.98% from the stock’s current price.

A number of other research analysts have also weighed in on CASY. Evercore set a $665.00 price objective on shares of Casey’s General Stores and gave the company an “outperform” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group restated a “neutral” rating and set a $530.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, December 10th. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Finally, Bank of America began coverage on shares of Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating on the stock. Eight investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $680.10.

Casey’s General Stores Stock Up 3.8%

Shares of NASDAQ CASY traded up $25.38 during midday trading on Tuesday, hitting $689.92. 688,399 shares of the stock traded hands, compared to its average volume of 413,966. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. Casey’s General Stores has a one year low of $372.08 and a one year high of $693.60. The business has a 50 day moving average price of $634.03 and a two-hundred day moving average price of $575.80. The company has a market cap of $25.58 billion, a PE ratio of 42.43, a P/E/G ratio of 2.29 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business earned $2.33 EPS. Casey’s General Stores’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts predict that Casey’s General Stores will post 13.94 EPS for the current year.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the purchase, the director owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

Several institutional investors and hedge funds have recently modified their holdings of CASY. Cannon Global Investment Management LLC acquired a new position in Casey’s General Stores during the third quarter valued at $1,018,000. Thrivent Financial for Lutherans boosted its stake in shares of Casey’s General Stores by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock worth $108,065,000 after acquiring an additional 1,950 shares in the last quarter. Advisors Capital Management LLC grew its position in shares of Casey’s General Stores by 4.4% during the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock valued at $27,336,000 after acquiring an additional 2,026 shares during the period. Franklin Resources Inc. increased its stake in shares of Casey’s General Stores by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after purchasing an additional 2,467 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in shares of Casey’s General Stores by 82.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $1,456,000 after purchasing an additional 1,162 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Key Headlines Impacting Casey’s General Stores

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

• Positive Sentiment: Q3 earnings beat and outlook raise — CASY reported $3.49 EPS (well above estimates) and raised its FY26 profit/EBITDA outlook, giving investors confidence in near‑term earnings power. Casey’s Announces Third Quarter Results
• Positive Sentiment: Margin expansion and inside-sales strength — Inside same‑store sales, grocery and prepared‑foods growth plus a wider fuel margin drove strong margin expansion, boosting EBITDA and cash flow. The Quiet Retail Compounder Investors Keep Buying on Every Dip
• Positive Sentiment: Big operating leverage — Q3 results showed EBITDA +27.5% and net income +49% year‑over‑year, signaling earnings leverage even with muted top‑line growth. CASY Q3 Earnings Beat, Inside Sales Rise Y/Y, FY26 Outlook Raised
• Positive Sentiment: Analyst support and higher targets — Stephens reaffirmed an Overweight and RBC raised its price target to $713, providing dealer/analyst backing for the rally. Benzinga analyst coverage summary
• Positive Sentiment: Capital returns and institutional buying — Dividend maintained, buybacks resumed (share count down ~0.3% Y/Y), and institutions have been net buyers — all supportive for valuation and shareholder returns. MarketBeat piece on capital returns & institutional buying
• Neutral Sentiment: Rewards/membership milestone — Rewards club surpassed 10 million members, a positive signal for loyalty but not an immediate earnings swing. MarketBeat membership note
• Negative Sentiment: Revenue miss and softer top line — Q3 revenue ($3.92B) fell short of consensus (~$4.04–4.08B) and management’s revenue outlook is below Street expectations, which has driven near‑term selling pressure in some coverage. Casey’s General Stores falls on revenue miss despite earnings beat
• Negative Sentiment: Valuation concerns — Some commentators note a stretched forward P/E and warn the stock could underperform if revenue momentum weakens or growth expectations slip. Seeking Alpha valuation piece

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.