Casey’s General Stores (NASDAQ:CASY – Get Free Report)‘s stock had its “overweight” rating reaffirmed by equities researchers at Stephens in a research report issued on Wednesday, Benzinga reports. They presently have a $975.00 target price on the stock. Stephens’ target price suggests a potential upside of 32.93% from the stock’s previous close.
Several other research analysts also recently commented on CASY. Deutsche Bank Aktiengesellschaft set a $927.00 target price on shares of Casey’s General Stores in a report on Friday. KeyCorp boosted their price objective on Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Weiss Ratings lowered Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Capital One Financial assumed coverage on shares of Casey’s General Stores in a research report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 target price on the stock. Finally, Wolfe Research reissued an “outperform” rating and issued a $1,069.00 price target on shares of Casey’s General Stores in a report on Thursday, June 11th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $928.53.
View Our Latest Stock Report on Casey’s General Stores
Casey’s General Stores Stock Performance
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the company posted $5.77 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, equities research analysts expect that Casey’s General Stores will post 21.13 earnings per share for the current fiscal year.
Insider Buying and Selling at Casey’s General Stores
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 sale, the chief executive officer directly owned 89,174 shares in the company, valued at approximately $71,469,394.04. This represents a 17.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the transaction, the director owned 3,042 shares of the company’s stock, valued at $2,547,918.36. This trade represents a 14.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,243 shares of company stock worth $24,421,877 in the last 90 days. 0.67% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its position in shares of Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Casey’s General Stores by 129.6% during the first 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. EverSource Wealth Advisors LLC increased its holdings in shares of Casey’s General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after buying an additional 177 shares in the last quarter. Amundi bought a new position in shares of Casey’s General Stores in the second quarter valued at approximately $338,000. Finally, Jump Financial LLC grew its position in Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after acquiring an additional 289 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Casey’s General Stores
Here are the key news stories impacting Casey’s General Stores this week:
- Positive Sentiment: Casey’s reported diluted earnings of $7.37 per share, up 27.7% year over year and above analysts’ $6.78 consensus. Revenue increased 24.3% to approximately $5.68 billion, also exceeding expectations. Net income rose 27.1% to $273.7 million, while EBITDA climbed 17.1% to $485.1 million. Casey’s Announces First Quarter Results
- Positive Sentiment: Fuel margins were a major contributor to the quarter’s performance, helping Casey’s surpass Wall Street forecasts. The company also has a record of earnings surprises, which may support the longer-term outlook. Casey’s beats Q1 estimates on fuel margin surge
- Positive Sentiment: The company declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The annualized yield is modest at roughly 0.4%, but the payout adds to shareholder returns. Casey’s dividend announcement
- Neutral Sentiment: Analysts and market coverage characterized the results as a good quarter that faced unusually high investor expectations, making the earnings beat insufficient to drive the shares higher. Casey’s Q1: Good Quarter, Tough Expectations
- Negative Sentiment: Inside same-store sales increased 3.2%, but growth slowed from the prior year. The deceleration raises concerns about underlying consumer demand and whether Casey’s can sustain its growth rate. Casey’s Same-Store Sales Growth Declines
- Negative Sentiment: With a market capitalization near $27 billion and a price-to-earnings ratio above 38, Casey’s is valued for substantial continued growth. The weaker same-store sales trend and post-earnings profit-taking appear to be outweighing the quarterly beat. Casey’s Earnings Beat Estimates: Why the Stock Is Falling
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.
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