Jefferies Financial Group Raises Casey’s General Stores (NASDAQ:CASY) Price Target to $780.00

Casey’s General Stores (NASDAQ:CASY) had its price target upped by stock analysts at Jefferies Financial Group from $700.00 to $780.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 13.06% from the company’s current price.

Other analysts have also recently issued reports about the stock. Evercore set a $665.00 target price on shares of Casey’s General Stores and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. KeyCorp reissued an “overweight” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research note on Thursday, February 12th. BMO Capital Markets restated a “market perform” rating and issued a $700.00 target price on shares of Casey’s General Stores in a research note on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $678.10.

Casey’s General Stores Price Performance

NASDAQ CASY traded up $25.38 during trading hours on Tuesday, hitting $689.92. The company had a trading volume of 688,227 shares, compared to its average volume of 409,971. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 42.43, a PEG ratio of 2.29 and a beta of 0.65. Casey’s General Stores has a 52 week low of $372.08 and a 52 week high of $693.60. The firm has a 50 day simple moving average of $634.03 and a 200 day simple moving average of $575.80.

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

Insider Activity at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of the business’s stock in a transaction on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company 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 made changes to their positions in CASY. Corient Private Wealth LLC grew its holdings in shares of Casey’s General Stores by 8.5% during the 4th quarter. Corient Private Wealth LLC now owns 212,920 shares of the company’s stock valued at $117,872,000 after purchasing an additional 16,657 shares during the last quarter. Union Savings Bank purchased a new stake in Casey’s General Stores during the fourth quarter valued at about $550,000. Hsbc Holdings PLC bought a new position in shares of Casey’s General Stores during the fourth quarter valued at about $2,051,000. Stenger Family Office LLC increased its holdings in shares of Casey’s General Stores by 233.3% in the fourth quarter. Stenger Family Office LLC now owns 1,743 shares of the company’s stock worth $963,000 after buying an additional 1,220 shares during the period. Finally, Banque Transatlantique SA increased its holdings in shares of Casey’s General Stores by 9.2% in the fourth quarter. Banque Transatlantique SA now owns 16,579 shares of the company’s stock worth $9,164,000 after buying an additional 1,401 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Q3 earnings beat and outlook raise — CASY reported $3.49 EPS (well above estimates) and raised its FY26 profit/EBITDA outlook, giving investors confidence in near‑term earnings power. Casey’s Announces Third Quarter Results
• Positive Sentiment: Margin expansion and inside-sales strength — Inside same‑store sales, grocery and prepared‑foods growth plus a wider fuel margin drove strong margin expansion, boosting EBITDA and cash flow. The Quiet Retail Compounder Investors Keep Buying on Every Dip
• Positive Sentiment: Big operating leverage — Q3 results showed EBITDA +27.5% and net income +49% year‑over‑year, signaling earnings leverage even with muted top‑line growth. CASY Q3 Earnings Beat, Inside Sales Rise Y/Y, FY26 Outlook Raised
• Positive Sentiment: Analyst support and higher targets — Stephens reaffirmed an Overweight and RBC raised its price target to $713, providing dealer/analyst backing for the rally. Benzinga analyst coverage summary
• Positive Sentiment: Capital returns and institutional buying — Dividend maintained, buybacks resumed (share count down ~0.3% Y/Y), and institutions have been net buyers — all supportive for valuation and shareholder returns. MarketBeat piece on capital returns & institutional buying
• Neutral Sentiment: Rewards/membership milestone — Rewards club surpassed 10 million members, a positive signal for loyalty but not an immediate earnings swing. MarketBeat membership note
• Negative Sentiment: Revenue miss and softer top line — Q3 revenue ($3.92B) fell short of consensus (~$4.04–4.08B) and management’s revenue outlook is below Street expectations, which has driven near‑term selling pressure in some coverage. Casey’s General Stores falls on revenue miss despite earnings beat
• Negative Sentiment: Valuation concerns — Some commentators note a stretched forward P/E and warn the stock could underperform if revenue momentum weakens or growth expectations slip. Seeking Alpha valuation piece

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.