Casey’s General Stores (NASDAQ:CASY) Upgraded by Wall Street Zen to “Buy” Rating

Casey’s General Stores (NASDAQ:CASY) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their target price on shares of Casey’s General Stores from $792.00 to $794.00 and gave the company a “sector perform” rating in a research note on Wednesday. William Blair initiated coverage on shares of Casey’s General Stores in a research note on Wednesday, May 20th. They set an “outperform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their target price on shares of Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a research note on Friday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $695.00 target price on shares of Casey’s General Stores in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $899.25.

Casey’s General Stores Stock Down 2.3%

Shares of NASDAQ:CASY opened at $895.14 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.64 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $801.23 and a 200 day simple moving average of $685.79. The firm has a market cap of $33.08 billion, a PE ratio of 46.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61. Casey’s General Stores has a 12-month low of $490.00 and a 12-month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates 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 revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.63 earnings per share. On average, equities research analysts anticipate that Casey’s General Stores will post 20.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Casey’s General Stores

Several hedge funds and other institutional investors have recently modified their holdings of CASY. NewEdge Advisors LLC boosted its holdings in shares of Casey’s General Stores by 6.4% during the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after acquiring an additional 113 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Casey’s General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Casey’s General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after acquiring an additional 177 shares during the period. Amundi acquired a new position in shares of Casey’s General Stores during the second quarter valued at $338,000. Finally, Jump Financial LLC boosted its holdings in shares of Casey’s General Stores by 42.6% during the second quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Key Headlines Impacting 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

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.