Q4 EPS Forecast for Casey’s General Stores Lifted by Analyst

Casey’s General Stores, Inc. (NASDAQ:CASY) – Investment analysts at Zacks Research lifted their Q4 2028 earnings per share (EPS) estimates for Casey’s General Stores in a research report issued on Tuesday, June 23rd. Zacks Research analyst Team now anticipates that the company will post earnings per share of $4.82 for the quarter, up from their prior forecast of $4.36. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Casey’s General Stores’ current full-year earnings is $21.05 per share.

A number of other brokerages also recently commented on CASY. Evercore reiterated an “outperform” rating and set a $990.00 price target on shares of Casey’s General Stores in a report on Friday, June 12th. KeyCorp upped their price objective 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. BMO Capital Markets raised their target price on shares of Casey’s General Stores from $700.00 to $950.00 and gave the stock a “market perform” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,000.00 target price on shares of Casey’s General Stores in a research note on Monday, June 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus price target of $923.00.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $801.35 on Thursday. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth 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. The company’s 50-day moving average is $816.66 and its two-hundred day moving average is $702.34. Casey’s General Stores has a 12-month low of $490.00 and a 12-month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS 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 firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter last year, the business posted $2.63 EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio is presently 11.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foster Dykema Cabot & Partners LLC acquired a new stake in Casey’s General Stores during the third quarter worth about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 1st quarter worth about $33,000. True Wealth Design LLC increased its position in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares during the period. Finally, RMG Wealth Management LLC lifted its position in Casey’s General Stores by 250.0% during the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock valued at $41,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s unveiled a new three-year strategic plan, building on a prior plan that it says exceeded targets, added more than 500 stores, and helped the company join the S&P 500. Management says the next phase will continue to focus on growth in stores, food, and profitability. Casey’s Announces New Three-Year Strategic Plan
• Positive Sentiment: Zacks Research raised multiple forward earnings estimates for Casey’s, including fiscal 2027, 2028, and 2029, signaling confidence that earnings can continue rising. Higher EPS forecasts can support a stronger valuation if execution remains solid. Dividend Increases article mentioning CASY
• Positive Sentiment: Several analyst and research pieces highlighted Casey’s as a momentum and growth name, citing earnings growth, price strength, food sales, fuel margins, digital engagement, and store expansion as reasons the business may keep outperforming. Best Momentum Stocks to Buy for June 24th
• Neutral Sentiment: Casey’s held an analyst/investor day, with a transcript and slideshow released, which likely reinforced the company’s long-term strategy but did not include a specific new financial surprise on its own. Casey’s Analyst/Investor Day Transcript
• Neutral Sentiment: Some commentary noted that Casey’s remains a strong operator, but its valuation is rich, meaning the stock may have less room for error if growth slows or costs rise. Is CASY Stock Too Expensive or Still Worth Buying Now?
• Negative Sentiment: A Seeking Alpha article questioned whether the “Costco effect” has gone too far, reflecting a more skeptical view of the stock’s premium pricing and leaving room for investors to worry about upside from current levels. Casey’s General Stores: The Costco Effect Has Gone Too Far

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.