Casey's General Stores (CASY) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Casey's General Stores in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CASY shares.
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9 brokerages have issued 12 month price objectives for Casey's General Stores' shares. Their CASY share price forecasts range from $211.00 to $290.00. On average, they expect the company's stock price to reach $273.11 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for CASY or view top-rated stocks among Wall Street analysts.

Casey's General Stores' stock was trading at $224.35 at the beginning of 2023. Since then, CASY stock has increased by 22.4% and is now trading at $274.62.
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Casey's General Stores saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 842,300 shares, an increase of 12.9% from the August 31st total of 746,200 shares. Based on an average daily volume of 274,000 shares, the days-to-cover ratio is currently 3.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our CASY earnings forecast.

Casey's General Stores, Inc. (NASDAQ:CASY) posted its quarterly earnings results on Tuesday, September, 12th. The company reported $4.52 earnings per share for the quarter, topping the consensus estimate of $3.36 by $1.16. The company earned $3.87 billion during the quarter, compared to analyst estimates of $3.90 billion. Casey's General Stores had a net margin of 3.19% and a trailing twelve-month return on equity of 17.10%. Casey's General Stores's quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.09 EPS.

Casey's General Stores declared a quarterly dividend on Monday, September 11th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.43 per share on Wednesday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Tuesday, October 31st.
Read our dividend analysis for CASY.

ETFs with the largest weight of Casey's General Stores (NASDAQ:CASY) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ), First Trust Consumer Staples AlphaDEX Fund (FXG), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Inspire Faithward Mid Cap Momentum ETF (GLRY), FIS Biblically Responsible Risk Managed ETF (PRAY), Opus Small Cap Value Plus ETF (OSCV), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and Invesco S&P MidCap Momentum ETF (XMMO).

Casey's General Stores (NASDAQ:CASY) pays an annual dividend of $1.72 per share and currently has a dividend yield of 0.63%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 13.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CASY will have a dividend payout ratio of 13.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CASY.

312 employees have rated Casey's General Stores Chief Executive Officer Darren Rebelez on Glassdoor.com. Darren Rebelez has an approval rating of 69% among the company's employees. 52.0% of employees surveyed would recommend working at Casey's General Stores to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Casey's General Stores investors own include Sarepta Therapeutics (SRPT), Walt Disney (DIS), Starbucks (SBUX), NVIDIA (NVDA), Netflix (NFLX), Johnson & Johnson (JNJ), Realty Income (O), QUALCOMM (QCOM), Activision Blizzard (ATVI) and Home Depot (HD).

Casey's General Stores trades on the NASDAQ under the ticker symbol "CASY."

Casey's General Stores' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.89%), State Street Corp (3.70%), Clearbridge Investments LLC (3.50%), Brown Advisory Inc. (1.86%), Geode Capital Management LLC (1.54%) and Thrivent Financial for Lutherans (1.54%). Insiders that own company stock include Brian Joseph Johnson, Diane C Bridgewater, Julia L Jackowski, Larree M Renda and Mike Spanos.
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Shares of CASY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CASY stock can currently be purchased for approximately $274.62.

Casey's General Stores (NASDAQ:CASY) has a market capitalization of $10.24 billion and generates $15.09 billion in revenue each year. The company earns $446.69 million in net income (profit) each year or $12.35 on an earnings per share basis.

The company employs 42,481 workers across the globe.

Casey's General Stores' mailing address is ONE CONVENIENCE BOULEVARD, ANKENY IA, 50021. The official website for the company is www.caseys.com. The company can be reached via phone at (515) 965-6100, via email at darren.rebelez@caseys.com, or via fax at 515-965-6160.