Casey's General Stores (NASDAQ:CASY) Sets New 12-Month High - Here's Why

Key Points

• Casey's General Stores hit a new 52-week high after reporting a strong quarter, with EPS of $4.37 and revenue of $4.57 billion both beating estimates.
• The company also saw solid operating momentum from same-store sales and food service demand, especially pizza, appetizers, sides, and beverages, which helped drive the earnings beat.
• Management boosted the quarterly dividend by 14% to $0.65 per share, while analysts remain broadly constructive despite some comments that the stock’s valuation is now rich after the run-up.

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $917.47 and last traded at $915.60, with a volume of 2008648 shares traded. The stock had previously closed at $761.18.

Casey's General Stores News Roundup

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

• Positive Sentiment: Casey’s delivered Q4 diluted EPS of $4.37, well ahead of estimates, with revenue of $4.57 billion also topping forecasts. The company said net income rose 65.5% year over year and EBITDA increased 33.2%, signaling broad-based operating strength. Article Title
• Positive Sentiment: Same-store sales and food service trends were strong, with management pointing to robust pizza, appetizer, side, and beverage sales as key drivers of the quarter’s outperformance. Article Title
• Positive Sentiment: The company raised its quarterly dividend by 14% to $0.65 per share, which reinforces confidence in cash generation and shareholder returns. Article Title
• Positive Sentiment: Several follow-up reports and commentary noted that the results were exceptional and that management’s FY27 outlook helped extend the post-earnings rally in the shares. Article Title
• Neutral Sentiment: Some market commentary highlighted that the stock’s valuation is now demanding after the run-up, with one note pointing to a rich forward earnings multiple even as fundamentals improved. Article Title
• Neutral Sentiment: Analysts and media coverage emphasized that the shares were already trending higher ahead of and after earnings, reflecting strong investor enthusiasm for the report and outlook. Article Title
• Negative Sentiment: One risk mentioned in post-earnings analysis is exposure to fuel margin volatility and gas prices, which could pressure future results if conditions weaken. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stephens reiterated an "overweight" rating and set a $900.00 price objective on shares of Casey's General Stores in a research report on Wednesday. Jefferies Financial Group lifted their target price on Casey's General Stores from $700.00 to $780.00 and gave the company a "buy" rating in a research report on Tuesday, March 10th. Zacks Research downgraded Casey's General Stores from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 5th. The Goldman Sachs Group restated a "neutral" rating and issued a $695.00 target price on shares of Casey's General Stores in a research report on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on Casey's General Stores in a research report on Thursday, March 26th. They issued a "neutral" rating and a $719.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $796.91.

Casey's General Stores Price Performance

The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The company has a market cap of $33.84 billion, a PE ratio of 47.79, a P/E/G ratio of 2.11 and a beta of 0.61. The stock has a 50-day simple moving average of $794.30 and a 200 day simple moving average of $681.81.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $1.06. Casey's General Stores had a return on equity of 18.96% and a net margin of 4.07%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. The company's revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts expect that Casey's General Stores, Inc. will post 20.37 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. Stockholders of record on Saturday, August 1st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a boost from Casey's General Stores's previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. Casey's General Stores's payout ratio is presently 13.09%.

Insider Buying and Selling at Casey's General Stores

In other news, Director Mike Spanos acquired 300 shares of the company's stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the purchase, the director owned 4,499 shares of the company's stock, valued at $2,993,769.57. This represents a 7.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Casey's General Stores

A number of institutional investors have recently modified their holdings of CASY. Geode Capital Management LLC grew its stake in Casey's General Stores by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company's stock worth $420,416,000 after purchasing an additional 52,250 shares in the last quarter. North Dakota State Investment Board acquired a new position in Casey's General Stores during the 4th quarter worth $720,000. Jackson Creek Investment Advisors LLC acquired a new position in Casey's General Stores during the 4th quarter worth $1,338,000. Advisors Capital Management LLC grew its stake in Casey's General Stores by 4.4% during the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company's stock worth $27,336,000 after purchasing an additional 2,026 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in Casey's General Stores by 61.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,572 shares of the company's stock worth $1,454,000 after purchasing an additional 980 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

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.

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