Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $975.00 at JPMorgan Chase & Co.

Casey’s General Stores (NASDAQ:CASY) had its target price upped by JPMorgan Chase & Co. from $719.00 to $975.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently issued reports on the stock. Evercore reaffirmed an “outperform” rating and set a $990.00 price objective on shares of Casey’s General Stores in a report on Friday. KeyCorp raised their price target on shares of Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research note on Thursday. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wolfe Research reissued an “outperform” rating and issued a $1,069.00 price target on shares of Casey’s General Stores in a research note on Thursday. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $899.25.

Casey’s General Stores Trading Down 2.3%

Shares of Casey’s General Stores stock 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. Casey’s General Stores has a 12-month low of $490.00 and a 12-month high of $927.85. The firm has a market capitalization of $33.08 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 2.53 and a beta of 0.61. The firm’s 50 day simple moving average is $801.23 and its two-hundred day simple moving average is $685.79.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the firm earned $2.63 EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts predict that Casey’s General Stores will post 20.51 EPS for the current year.

Casey’s General Stores Increases Dividend

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

Institutional Investors Weigh In On Casey’s General Stores

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. raised its holdings in Casey’s General Stores by 129.6% in the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after buying an additional 105 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Casey’s General Stores by 431.7% in the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after buying an additional 177 shares during the period. Amundi purchased a new position in Casey’s General Stores in the second quarter valued at approximately $338,000. Finally, Jump Financial LLC raised its holdings in Casey’s General Stores by 42.6% in the second quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after buying an additional 289 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

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

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.