Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $780.00

Casey’s General Stores (NASDAQ:CASY) had its target price hoisted by Jefferies Financial Group from $700.00 to $780.00 in a report issued on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

CASY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Evercore set a $665.00 price target on shares of Casey’s General Stores and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Stephens reiterated an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $698.20.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $673.81 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 1.04. The stock’s fifty day moving average is $641.66 and its two-hundred day moving average is $578.54. The firm has a market capitalization of $24.90 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65. Casey’s General Stores has a fifty-two week low of $381.33 and a fifty-two week high of $696.66.

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. The business 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%.The company’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, research analysts anticipate that Casey’s General Stores will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is presently 13.09%.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction dated 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 directly owned 4,039 shares in the company, valued at $2,758,798.56. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Moats Maria Castanon bought 300 shares of the company’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Casey’s General Stores

Several hedge funds have recently made changes to their positions in CASY. NewEdge Advisors LLC grew its holdings in shares of Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after purchasing an additional 113 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Casey’s General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after buying an additional 105 shares in the last quarter. Savant Capital LLC boosted its position in Casey’s General Stores by 2.6% in the 2nd quarter. Savant Capital LLC now owns 2,230 shares of the company’s stock valued at $1,138,000 after buying an additional 56 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in shares of Casey’s General Stores in the second quarter worth $870,000. Finally, Penserra Capital Management LLC acquired a new position in shares of Casey’s General Stores in the second quarter worth $134,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: Company-level growth and guidance: Casey’s reiterated aggressive EBITDA expansion (18%–20%) while pushing further into prepared foods and store growth — a clear earnings-growth driver supporting higher valuation. Casey’s outlines 18%-20% EBITDA growth guidance
• Positive Sentiment: Recent earnings momentum and 52-week high: The firm has reported strong results and has been hitting new highs, underpinning positive investor sentiment and momentum flows. Casey’s Reaches New 52-Week High
• Positive Sentiment: Analyst bullishness: Multiple outlets report that RBC and Jefferies see upside/strong appreciation potential for CASY, reinforcing buy-side interest. RBC Forecasts Strong Price Appreciation Jefferies Expects Stock to Rise
• Positive Sentiment: Positive research/momentum signals: Zacks and other outlets are flagging CASY as a strong momentum/growth name and noted a bullish technical signal (golden cross), which can attract trend-following funds. Zacks: Strong Momentum Stock
• Neutral Sentiment: Macro/headline risk: Higher national gas prices could lift fuel-margin revenue but may pressure consumer traffic; impact is mixed and depends on elasticity in Casey’s markets. Investopedia: Gas Prices Up
• Neutral Sentiment: Short interest data is effectively zero/erroneous in recent reports (0 shares / NaN changes), so it’s not a meaningful immediate pressure point.
• Negative Sentiment: Insider sale: Director Katrina Lindsey sold 200 shares (~$136.6k) recently, trimming her stake — small in size but sometimes cited by investors as a near-term negative signal. Insider Sale Filing
• Negative Sentiment: Mixed sell-side signals: Goldman Sachs raised its price target to $605 but kept a “neutral” rating; that target sits below recent market levels, which can encourage cautious positioning and profit-taking. Goldman Raises Target to $605 (Neutral)

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.