Casey’s General Stores (NASDAQ:CASY) Stock Price Down 4% – Here’s What Happened

Posted by George Bondi on Oct 28th, 2026

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Get Free Report) fell 4% during trading on Wednesday. The company traded as low as $663.73 and last traded at $669.6130. Approximately 104,339 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 518,468 shares. The stock had previously closed at $697.54.

Analyst Upgrades and Downgrades

CASY has been the topic of several recent research reports. Royal Bank Of Canada upgraded shares of Casey’s General Stores from a “sector perform” rating to an “outperform” rating and lowered their price target for the company from $910.00 to $825.00 in a research note on Thursday, October 15th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price objective for the company in a research note on Monday, July 13th. Raymond James Financial upgraded Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price objective for the company in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $933.00 target price on shares of Casey’s General Stores in a research report on Thursday, September 10th. Finally, Wells Fargo & Company dropped their target price on Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $835.38.

Read Our Latest Report on CASY

Casey’s General Stores Trading Down 3.5%

The firm has a market capitalization of $24.87 billion, a P/E ratio of 32.38 and a beta of 0.59. The firm has a 50-day moving average of $682.48 and a two-hundred day moving average of $738.51.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued 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 business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the business earned $5.77 EPS. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 12.52%.

Hedge Funds Weigh In On Casey’s General Stores

A number of hedge funds have recently bought and sold shares of CASY. Kathmere Capital Management LLC increased its stake in Casey’s General Stores by 3.5% in the 1st quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock valued at $282,000 after buying an additional 13 shares during the last quarter. Lincoln Capital LLC increased its position in shares of Casey’s General Stores by 4.0% during the second quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock valued at $291,000 after acquiring an additional 14 shares during the last quarter. Jag Capital Management LLC increased its position in shares of Casey’s General Stores by 1.0% during the first quarter. Jag Capital Management LLC now owns 1,753 shares of the company’s stock valued at $1,276,000 after acquiring an additional 18 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in Casey’s General Stores by 72.0% during the second quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock worth $34,000 after acquiring an additional 18 shares during the period. Finally, Renasant Bank lifted its holdings in Casey’s General Stores by 5.7% during the second quarter. Renasant Bank now owns 369 shares of the company’s stock worth $293,000 after acquiring an additional 20 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

About Casey’s General Stores

(Get Free Report)

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.