Casey’s General Stores (NASDAQ:CASY – Free Report) had its price objective cut by Wells Fargo & Company from $960.00 to $750.00 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.
Other research analysts have also issued research reports about the company. Stephens reaffirmed an “overweight” rating and set a $975.00 target price on shares of Casey’s General Stores in a report on Wednesday. KeyCorp increased their price target on shares of Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Deutsche Bank Aktiengesellschaft set a $927.00 price objective on shares of Casey’s General Stores in a research note on Friday, September 4th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $1,069.00 target price on shares of Casey’s General Stores in a report on Thursday, June 11th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $840.69.
Read Our Latest Report on CASY
Casey’s General Stores Price Performance
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last released its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.68% and a net margin of 4.14%.The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.77 EPS. As a group, equities research analysts forecast that Casey’s General Stores will post 21.4 EPS for the current year.
Casey’s General Stores Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is presently 12.52%.
Insider Buying and Selling
In other Casey’s General Stores news, insider Chad Frazell sold 3,013 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the sale, the insider directly owned 9,823 shares in the company, valued at $7,735,514.27. The trade was a 23.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the completion of the transaction, the chief financial officer directly owned 29,677 shares of the company’s stock, valued at approximately $24,874,074.32. This represents a 16.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,243 shares of company stock valued at $24,421,877 in the last 90 days. 0.67% of the stock is owned by company insiders.
Institutional Trading of Casey’s General Stores
A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after acquiring an additional 52,250 shares during the last quarter. Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Casey’s General Stores during the second quarter worth approximately $1,222,000. Burns J W & Co. Inc. NY lifted its holdings in shares of Casey’s General Stores by 103.5% in the 1st quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after acquiring an additional 1,245 shares during the last quarter. North Dakota State Investment Board bought a new stake in shares of Casey’s General Stores in the 4th quarter worth approximately $720,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Casey’s General Stores by 52.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock valued at $12,431,000 after purchasing an additional 5,846 shares in the last quarter. 85.63% of the stock is owned by institutional investors.
More Casey’s General Stores News
Here are the key news stories impacting Casey’s General Stores this week:
- Positive Sentiment: Casey’s reported fiscal Q1 EPS of $7.37, exceeding the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. Revenue increased 24.3% year over year. Why Did Casey’s General Stores Stock Tank This Week?
- Positive Sentiment: Management maintained its fiscal 2027 outlook, citing prepared-food traffic, fuel margins and the CEFCO remodel program as support for continued growth. CASY Q1 Earnings Call Keeps Outlook Intact on Food, Fuel Strength
- Positive Sentiment: Stephens reaffirmed its “Overweight” rating, and some analysts view the sharp selloff as a potential buying opportunity despite reducing their price targets. Stephens Reaffirms Overweight Rating
- Neutral Sentiment: UBS lowered its price target from $925 to $720 and shifted to a “Neutral” rating. Although the new target implies upside from recent trading levels, the reduction signals diminished confidence in near-term valuation expansion. Analysts Cut Forecasts After Q1 Results
- Negative Sentiment: The earnings beat failed to reassure investors because analysts broadly cut price targets after the report. Wells Fargo issued a pessimistic forecast, reinforcing concerns that expectations and Casey’s valuation remain too high even with solid operating results. Wells Fargo Issues Pessimistic Forecast
- Negative Sentiment: CASY is headed for one of its worst weekly performances in years as investors question whether the current growth plan can continue delivering at the pace implied by the stock’s prior valuation. CASY Stock Heads for Worst Week in 17 Years
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.
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