Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $605.00 at The Goldman Sachs Group

Casey’s General Stores (NASDAQ:CASY) had its target price lifted by research analysts at The Goldman Sachs Group from $530.00 to $605.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 11.37% from the company’s previous close.

A number of other research analysts have also commented on CASY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Royal Bank Of Canada increased their target price on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a report on Tuesday. Jefferies Financial Group boosted their price target on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday. Stephens reiterated an “overweight” rating and set a $680.00 price objective on shares of Casey’s General Stores in a research note on Tuesday. Finally, Bank of America assumed coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating for the company. Eight equities research 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $698.20.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock traded down $7.34 during trading on Wednesday, hitting $682.58. The stock had a trading volume of 284,072 shares, compared to its average volume of 410,762. Casey’s General Stores has a fifty-two week low of $381.33 and a fifty-two week high of $696.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The business has a fifty day moving average of $636.60 and a two-hundred day moving average of $577.12. The firm has a market cap of $25.30 billion, a P/E ratio of 39.39, a PEG ratio of 2.29 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.80%. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $2.33 EPS. The company’s revenue was up .3% on a year-over-year basis. On average, sell-side analysts expect that Casey’s General Stores will post 13.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction on Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Foster Dykema Cabot & Partners LLC purchased a new stake in Casey’s General Stores in the 3rd quarter valued at about $25,000. Westside Investment Management Inc. grew its holdings in Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after purchasing an additional 23 shares during the period. Central Pacific Bank Trust Division increased its position 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 worth $30,000 after buying an additional 19 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Casey’s General Stores during the 3rd quarter worth $33,000. 85.63% of the stock is owned by institutional investors.

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: Q3 earnings beat and management raised profit outlook — Casey’s reported $3.49 EPS (well above consensus) with EBITDA and net income rising strongly, and management raised FY26 profit guidance, giving investors confidence in near‑term profitability. Casey’s Announces Third Quarter Results
• Positive Sentiment: Margin expansion and inside-sales strength — inside same‑store sales, grocery and prepared‑food growth plus higher fuel margins drove margin expansion (EBITDA +27.5%), supporting cash flow, buybacks and dividends. The Quiet Retail Compounder Investors Keep Buying on Every Dip
• Positive Sentiment: Analyst upgrades/price‑target lifts — several firms raised targets (Jefferies to $780, Wells Fargo to $745, RBC to $713) and some reiterated Overweight/Buy calls, which supports further upside from professional buyers. Analyst Coverage / Price Target Notes
• Positive Sentiment: Technical strengths — the stock recently hit a 52‑week high and flashed a bullish golden‑cross/20‑day breakout, drawing momentum traders. Golden Cross Signal
• Neutral Sentiment: Dividend and buybacks continue — company declared a quarterly dividend and has resumed repurchases, supporting shareholder returns but modest yield limits income appeal. Dividend Announcement
• Neutral Sentiment: New merchandising/food initiatives (e.g., chicken‑wings plan) may help inside sales longer term but are execution-dependent. Chicken Wings Plan
• Negative Sentiment: Revenue miss and top‑line guidance risk — quarterly revenue missed consensus and management’s revenue outlook remains shy of Street estimates, which pressured shares immediately after the print. Revenue Miss Coverage
• Negative Sentiment: High valuation risk — some analysts and commentators flag a rich forward multiple (high 30s P/E) that could limit upside if top‑line growth slows. Valuation & Long‑term Risks

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.