Casey’s General Stores (NASDAQ:CASY) Hits New 1-Year High – Still a Buy?

Casey’s General Stores, Inc. (NASDAQ:CASY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $748.00 and last traded at $749.7730, with a volume of 151 shares trading hands. The stock had previously closed at $743.42.

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: Official S&P 500 inclusion — CASY will join the S&P 500 (replacing Hologic) before the open on April 19, which typically triggers index‑fund purchases and can provide sustained demand for the stock. Casey’s General Stores Stock Has Been On a Tear. Now It’s Joining The S&P 500
• Positive Sentiment: Index confirmation from major outlets — S&P Dow Jones Indices and market press reported the addition this week, reinforcing the expectation of material passive inflows around the rebalancing date. Casey’s General Stores Joining S&P 500 This Week
• Positive Sentiment: Shares have rallied to new highs ahead of the debut — the run-up increases visibility and momentum but also heightens short‑term volatility as traders lock in gains. Casey’s General Stores Stock Breaking Records Before SPX Debut
• Positive Sentiment: Analyst and earnings support — commentators point to strong EPS growth, solid margins and recent beat vs. expectations, making CASY a “stock to watch” on fundamentals. This underpins longer‑term bullish cases. Earnings Growth & Price Strength Make Casey’s General Stores (CASY) a Stock to Watch
• Positive Sentiment: Retail tailwinds — CASY appears on retail stock roundups citing rising consumer spending and sector strength, which supports sales and earnings expectations. 4 Retail Stocks to Boost Your Portfolio as Sales Continue to Soar
• Neutral Sentiment: Mention in general low‑leverage stock roundups — broader investor shift to lower‑leverage names is supportive but not a direct catalyst for immediate price moves. 5 Low-Leverage Stocks to Buy as Investors Hope for Truce
• Neutral Sentiment: Multiple outlets repeating the S&P addition — broad media confirmation increases visibility but is already priced in for many traders, which can limit further immediate upside. Casey’s joining S&P 500 on Thursday

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CASY shares. Evercore set a $665.00 price objective on shares of Casey’s General Stores and gave the stock an “outperform” rating in a report on Tuesday, February 24th. KeyCorp reiterated an “overweight” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a report on Thursday, February 12th. Bank of America started coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They issued a “buy” rating on the stock. Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $700.09.

Casey’s General Stores Price Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The stock has a market cap of $27.42 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The business’s fifty day simple moving average is $676.72 and its 200 day simple moving average is $602.35.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business posted $2.33 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.09%.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos bought 300 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director owned 4,499 shares in the company, valued at $2,993,769.57. This trade represents a 7.14% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Casey’s General Stores by 179,938.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after purchasing an additional 2,657,687 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Casey’s General Stores by 40.9% in the 4th quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after purchasing an additional 310,470 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Casey’s General Stores by 129.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after purchasing an additional 502,104 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Casey’s General Stores by 35.4% in the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after purchasing an additional 206,777 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Casey’s General Stores by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

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.