Casey's General Stores, Inc. (NASDAQ:CASY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Casey's a "Moderate Buy" — 15 analysts cover CASY (6 hold, 8 buy, 1 strong buy) with an average 12‑month price target of $725.09, though several brokers have recently raised targets (e.g., KeyCorp $860, Evercore $780) supporting a higher valuation case.
• Casey’s beat quarterly EPS expectations ($3.49 vs. $2.94) despite revenue coming in below consensus, and analyst forward EPS forecasts remain elevated at roughly $18.1–18.4 for FY2026.
• The company declared a quarterly dividend of $0.57 (annualized $2.28, yield ~0.3%); insider trades were mixed (one sale, one director buy) and institutional investors own about 85.6% of the shares with several funds recently increasing positions.

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $725.0909.

A number of equities research analysts have commented on CASY shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Casey's General Stores in a research report on Friday, March 27th. KeyCorp lifted their target price on shares of Casey's General Stores from $830.00 to $860.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $700.00 target price on shares of Casey's General Stores in a research report on Wednesday, March 4th. Evercore reaffirmed an "outperform" rating and issued a $780.00 target price on shares of Casey's General Stores in a research report on Tuesday, April 21st. Finally, Stephens reaffirmed an "overweight" rating and issued a $680.00 target price on shares of Casey's General Stores in a research report on Tuesday, March 10th.

More Casey's General Stores News

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

• Positive Sentiment: KeyCorp raised several quarterly and annual EPS forecasts and reiterated an Overweight rating with an $860 price target — lifting Q4 2026, Q1/Q3/Q4 2027 and FY2026/FY2027 estimates (e.g., FY2027 to $20.40). The analyst upgrades tighten forward earnings expectations and support a higher valuation for CASY. MarketBeat - Casey's General Stores (CASY)
• Positive Sentiment: Yahoo Finance piece outlines how Casey’s investment story is shifting as analyst targets and the valuation narrative move higher — reinforces the idea that upgrades and higher targets are changing investor positioning. How The Casey’s (CASY) Investment Story Is Shifting With New Analyst Targets And Valuation Narrative
• Positive Sentiment: The Motley Fool highlighted Casey's as "a strong contender" in the convenience-store sector, emphasizing its business model, management track record and financials — supportive coverage for longer‑term growth investors. Casey's General Stores: A Strong Contender in the Convenience Store Sector
• Positive Sentiment: Zacks published a bullish take ("3 Reasons to Think 'Yes'") spotlighting growth attributes that could drive exceptional returns — another piece of positive third‑party validation. Is Casey's (CASY) a Solid Growth Stock? 3 Reasons to Think "Yes"
• Neutral Sentiment: Consensus forward earnings remain elevated (MarketBeat/analyst consensus ~ $18.10–18.37 for FY2026), so upside depends on execution and same‑store sales, fuel margins and M&A/integration performance — positive headlines boost sentiment, but fundamentals will need to catch up to justify higher multiples. MarketBeat - Casey's General Stores (CASY)

Insider Buying and Selling at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 200 shares of Casey's General Stores stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mike Spanos purchased 300 shares of the company'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 directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.54% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in shares of Casey's General Stores by 24.4% during the 1st quarter. International Assets Investment Management LLC now owns 917 shares of the company's stock worth $676,000 after acquiring an additional 180 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Casey's General Stores by 65.8% during the 1st quarter. Diversify Wealth Management LLC now owns 2,261 shares of the company's stock worth $1,767,000 after acquiring an additional 897 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of Casey's General Stores by 12.4% during the 1st quarter. Pittenger & Anderson Inc. now owns 7,367 shares of the company's stock worth $5,362,000 after acquiring an additional 810 shares during the last quarter. Lincoln Capital LLC purchased a new position in shares of Casey's General Stores during the 1st quarter worth $256,000. Finally, Fifth Third Bancorp boosted its stake in shares of Casey's General Stores by 4,138.0% during the 1st quarter. Fifth Third Bancorp now owns 19,537 shares of the company's stock worth $14,220,000 after acquiring an additional 19,076 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

NASDAQ:CASY opened at $835.92 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. Casey's General Stores has a 12 month low of $430.00 and a 12 month high of $836.71. The company has a market cap of $30.90 billion, a PE ratio of 47.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. The company has a 50 day simple moving average of $718.23 and a two-hundred day simple moving average of $627.86.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results 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 business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The firm's revenue was up .3% on a year-over-year basis. Research analysts forecast that Casey's General Stores will post 18.16 earnings per share for the current year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is currently 13.09%.

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.

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