Wall Street Zen lowered shares of Casey’s General Stores (NASDAQ:CASY – Free Report) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.
Other analysts have also issued research reports about the stock. Wolfe Research reissued an “outperform” rating and issued a $1,069.00 price objective on shares of Casey’s General Stores in a research report on Thursday, June 11th. KeyCorp decreased their target price on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore reiterated an “outperform” rating and issued a $775.00 price target on shares of Casey’s General Stores in a research note on Friday. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research note on Wednesday, June 10th. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $840.69.
Read Our Latest Report on Casey’s General Stores
Casey’s General Stores Stock Down 1.9%
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%.The business’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.77 EPS. On average, analysts predict that Casey’s General Stores will post 21.4 earnings per share for the current fiscal year.
Casey’s General Stores Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 12.52%.
Insider Buying and Selling
In other news, insider Chad Frazell sold 3,013 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina Lindsey sold 2,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider directly owned 6,668 shares in the company, valued at approximately $5,334,400. The trade was a 23.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 30,243 shares of company stock worth $24,421,877. Corporate insiders own 0.67% of the company’s stock.
Institutional Trading of Casey’s General Stores
Institutional investors and hedge funds have recently bought and sold shares of the business. Kathmere Capital Management LLC lifted its stake in shares of Casey’s General Stores by 3.5% in the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock valued at $282,000 after purchasing an additional 13 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in Casey’s General Stores by 4.8% during the first quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock worth $221,000 after buying an additional 14 shares in the last quarter. Lincoln Capital LLC grew its position in Casey’s General Stores by 4.0% during the second quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock worth $291,000 after buying an additional 14 shares during the period. Menard Financial Group LLC grew its position in Casey’s General Stores by 1.2% during the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after buying an additional 15 shares during the period. Finally, Cibc World Market Inc. increased its holdings in Casey’s General Stores by 0.3% in the fourth quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock valued at $2,839,000 after buying an additional 16 shares in the last quarter. Institutional investors 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 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
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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