Casey’s General Stores (NASDAQ:CASY) Given New $713.00 Price Target at Royal Bank Of Canada

Casey’s General Stores (NASDAQ:CASY) had its target price hoisted by investment analysts at Royal Bank Of Canada from $662.00 to $713.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 4.76% from the stock’s current price.

A number of other equities research analysts have also commented on CASY. Bank of America began coverage on Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research note on Thursday, January 8th. Evercore set a $665.00 target price on Casey’s General Stores and gave the company an “outperform” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $530.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Finally, Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $660.10.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $680.60 on Tuesday. The firm’s fifty day simple moving average is $634.03 and its 200 day simple moving average is $575.80. Casey’s General Stores has a 1 year low of $372.08 and a 1 year high of $690.00. The firm has a market capitalization of $25.23 billion, a PE ratio of 41.58, a PEG ratio of 2.29 and a beta of 0.65. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. On average, sell-side analysts anticipate that Casey’s General Stores will post 13.94 EPS for the current year.

Insider Buying and Selling

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction dated Monday, January 5th. The shares were bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Foster Dykema Cabot & Partners LLC bought a new position in Casey’s General Stores in the third quarter valued at about $25,000. Westside Investment Management Inc. grew its position in Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after acquiring an additional 23 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares in the last quarter. True Wealth Design LLC raised its holdings in Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Casey’s General Stores in the 3rd quarter valued at approximately $33,000. 85.63% of the stock is currently owned by institutional investors.

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: Q3 earnings beat on EPS and margins — Casey’s reported $3.49 EPS (well above consensus), with EBITDA and net income rising ~27.5% and ~49.3% respectively, driven by stronger inside sales and higher fuel margins; management highlighted margin strength and improved profitability. Casey’s Announces Third Quarter Results
• Positive Sentiment: Analyst support remains — Stephens reaffirmed an “overweight” rating and set a $680 price target, signaling continued analyst conviction even though the target implies only modest near-term upside from current levels. Benzinga
• Positive Sentiment: Dividend and capital returns — the company announced a quarterly dividend of $0.57/share (record May 1, pay May 15), reinforcing a steady capital-return profile alongside resumed share repurchases noted in the quarter.
• Positive Sentiment: Institutional buying and favorable narrative — coverage highlights Casey’s as a “quiet retail compounder” with strong institutional accumulation and a buy-the-dip investor base, supporting longer-term share appreciation. MarketBeat: The Quiet Retail Compounder
• Neutral Sentiment: Market-watch mentions and pre/post-market coverage — Casey’s showed up on watchlists and analyst preview pieces ahead of the report, increasing short-term attention but not changing fundamentals. Benzinga: Stocks To Watch
• Neutral Sentiment: Short-interest data is effectively immaterial/odd — latest filings show no meaningful short position (reported as zero), so short-covering pressure is unlikely to be a driver either way today.
• Negative Sentiment: Revenue miss and softer top-line outlook — revenue of $3.92B missed consensus and the company’s revenue/growth outlook is shy of Street expectations, which could cap upside despite margin beats and may explain any intraday weakness. Quarterly Report / Slide Deck

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.