Casey’s General Stores (NASDAQ:CASY) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a research note issued to investors on Thursday, Marketbeat reports. The brokerage set a “buy” rating on the stock.

CASY has been the topic of several other research reports. KeyCorp reissued an “overweight” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a report on Wednesday, December 10th. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Stephens upped their price target on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada increased their price target on shares of Casey’s General Stores from $570.00 to $591.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $595.90.

Casey’s General Stores Stock Up 1.3%

CASY stock opened at $593.80 on Thursday. The company’s 50 day moving average price is $554.37 and its 200 day moving average price is $537.37. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 36.52 and a beta of 0.67. Casey’s General Stores has a fifty-two week low of $372.08 and a fifty-two week high of $603.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the firm earned $4.85 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts anticipate that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Moats Maria Castanon acquired 300 shares of Casey’s General Stores stock in a transaction on Monday, January 5th. The stock was bought at an average price of $554.66 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Casey’s General Stores

A number of institutional investors have recently modified their holdings of CASY. UNIVEST FINANCIAL Corp lifted its position in Casey’s General Stores by 157.2% during the 2nd quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock worth $4,366,000 after acquiring an additional 5,230 shares during the period. Franklin Resources Inc. increased its holdings in shares of Casey’s General Stores by 0.3% in the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after purchasing an additional 2,467 shares during the period. West Bancorporation Inc. purchased a new stake in shares of Casey’s General Stores during the second quarter worth approximately $278,000. Kathmere Capital Management LLC acquired a new stake in shares of Casey’s General Stores during the second quarter worth $280,000. Finally, Corient Private Wealth LLC grew its position in Casey’s General Stores by 13.8% in the 2nd quarter. Corient Private Wealth LLC now owns 186,357 shares of the company’s stock valued at $95,068,000 after buying an additional 22,581 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

More Casey’s General Stores News

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

• Positive Sentiment: Analyst upgrades — Bank of America and Deutsche Bank initiated coverage with “buy” ratings this week, increasing institutional interest and buy-side visibility for CASY.
• Positive Sentiment: Earnings momentum — Analysts have lifted earnings estimates for Casey’s after the company beat quarterly EPS expectations and showed revenue growth; upward revisions often support higher multiples. Earnings Estimates Moving Higher for Casey’s (Zacks)
• Positive Sentiment: Technical/price action — CASY reached a 52-week high and has shown strong price strength since earnings, which can attract momentum and quant-driven flows. 52-Week High Coverage (Zacks)
• Positive Sentiment: Competitive edge — Sector research highlights Casey’s foodservice strategy outperforming fuel-only peers (e.g., Murphy USA), supporting revenue diversification and higher margins. Casey’s Food Strategy Wins Out (Benzinga)
• Positive Sentiment: Insider buying — Reported purchase of 300 shares by Moats Maria signals management/insider confidence, a small but positive signal for investors. Insider Purchase Report
• Neutral Sentiment: Market context and retrospectives — Articles highlighting long‑term returns and hedge‑fund/insider trading roundups provide color but do not present new fundamental catalysts. 10‑Year Return Retrospective (MSN) Hedge Fund & Insider Trading Roundup

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.