Casey’s General Stores (NASDAQ:CASY) Hits New 52-Week High on Analyst Upgrade

Casey’s General Stores, Inc. (NASDAQ:CASY) reached a new 52-week high on Thursday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $917.47 and last traded at $915.60, with a volume of 2008648 shares trading hands. The stock had previously closed at $761.18.

Other analysts have also issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. UBS Group lifted their target price on shares of Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a report on Thursday. Evercore reaffirmed an “outperform” rating and set a $990.00 target price on shares of Casey’s General Stores in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Finally, Wells Fargo & Company lifted their target price on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $899.25.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: JPMorgan raised its price target on Casey’s General Stores to $975 from $719, signaling improved valuation expectations even while keeping a neutral rating. Benzinga
• Positive Sentiment: Wells Fargo boosted its price target to $960 from $910 and reiterated an overweight rating, reflecting confidence in Casey’s execution and upside potential. Tickerreport.com
• Positive Sentiment: Recent coverage highlighted Casey’s as a long-term momentum stock, reinforcing the view that its business model has both growth and defensive appeal. Zacks
• Positive Sentiment: Analysts and market commentary pointed to durable margin momentum, strong inside sales, disciplined fuel operations, and store growth as reasons earnings power could keep rising into fiscal 2027. Zacks
• Positive Sentiment: The company was also highlighted for its dividend growth and shareholder-return profile, which can support investor interest during volatile markets. Zacks
• Positive Sentiment: MarketBeat commentary described Casey’s as a growth stock with defensive characteristics, supported by buybacks, cash flow generation, and guidance that investors view favorably. MarketBeat

Hedge Funds Weigh In On Casey’s General Stores

A number of hedge funds and other institutional investors have recently made changes to their positions in CASY. Foster Dykema Cabot & Partners LLC bought a new position in shares of Casey’s General Stores during the third quarter worth $25,000. Central Pacific Bank Trust Division boosted its position in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Casey’s General Stores during the first quarter worth $33,000. Finally, ORG Partners LLC boosted its position in shares of Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after purchasing an additional 20 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Trading Down 2.3%

The business’s 50-day moving average price is $801.23 and its two-hundred day moving average price is $685.79. The company has a market capitalization of $33.08 billion, a P/E ratio of 46.72, a PEG ratio of 2.53 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.64.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $2.63 earnings per share. As a group, analysts forecast that Casey’s General Stores, Inc. will post 20.51 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 annualized dividend and a yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is presently 11.90%.

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.