Casey's General Stores (NASDAQ:CASY) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Casey’s General Stores from “hold” to “buy,” adding to a generally positive analyst backdrop for the stock.
• Recent earnings beat expectations, with Casey’s reporting $4.37 EPS versus $3.31 expected and revenue of $4.57 billion, up 14.5% year over year.
• Analyst sentiment remains constructive overall, with 11 Buy ratings and 7 Hold ratings, and an average target price of $899.25; several firms also recently raised their price targets.

Casey's General Stores (NASDAQ:CASY - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Casey's General Stores from $700.00 to $950.00 and gave the stock a "market perform" rating in a research report on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of Casey's General Stores in a research report on Friday, March 27th. Jefferies Financial Group raised their target price on shares of Casey's General Stores from $700.00 to $780.00 and gave the stock a "buy" rating in a research report on Tuesday, March 10th. Zacks Research cut shares of Casey's General Stores from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 5th. Finally, Stephens set a $975.00 target price on shares of Casey's General Stores and gave the stock an "overweight" rating in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $899.25.

Casey's General Stores Price Performance

CASY opened at $895.14 on Friday. The company's 50 day simple moving average is $801.23 and its 200 day simple moving average is $685.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.64 and a current ratio of 1.01. Casey's General Stores has a 1 year low of $490.00 and a 1 year high of $927.85. The stock has a market capitalization of $33.08 billion, a PE ratio of 46.72, a P/E/G ratio of 2.53 and a beta of 0.61.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $4.33 billion. During the same period last year, the company earned $2.63 earnings per share. The company's quarterly revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Casey's General Stores will post 20.51 EPS for the current year.

Institutional Trading of Casey's General Stores

A number of hedge funds have recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Casey's General Stores in the third quarter worth $25,000. Central Pacific Bank Trust Division increased its stake in shares of Casey's General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company's stock worth $30,000 after buying an additional 19 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Casey's General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company's stock worth $30,000 after buying an additional 42 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Casey's General Stores in the first quarter worth $33,000. Finally, ORG Partners LLC increased its stake in shares of Casey's General Stores by 47.6% in the fourth quarter. ORG Partners LLC now owns 62 shares of the company's stock worth $34,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

More Casey's General Stores News

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

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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