Casey’s General Stores (NASDAQ:CASY) Price Target Raised to $605.00 at The Goldman Sachs Group

Casey’s General Stores (NASDAQ:CASY) had its price target increased by investment analysts at The Goldman Sachs Group from $530.00 to $605.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 11.37% from the company’s previous close.

Several other analysts have also commented on the company. Stephens reissued an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a report on Tuesday. KeyCorp reissued an “overweight” rating and issued a $700.00 price target on shares of Casey’s General Stores in a report on Thursday, February 12th. Wells Fargo & Company upped their price objective on shares of Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $698.20.

Casey’s General Stores Stock Performance

NASDAQ CASY traded down $7.34 on Wednesday, reaching $682.58. 284,072 shares of the company’s stock traded hands, compared to its average volume of 410,762. Casey’s General Stores has a fifty-two week low of $381.33 and a fifty-two week high of $696.66. 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 cap of $25.30 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.29 and a beta of 0.65. The stock has a 50 day moving average price of $636.60 and a 200-day moving average price of $577.12.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.80% and a net margin of 3.83%.The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts predict that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Insider Activity at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were purchased 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 directly owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

Several large investors have recently made changes to their positions in CASY. Cannon Global Investment Management LLC purchased a new position in Casey’s General Stores in the 3rd quarter valued at about $1,018,000. Advisors Capital Management LLC boosted its holdings in shares of Casey’s General Stores by 4.4% in the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock valued at $27,336,000 after buying an additional 2,026 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Casey’s General Stores by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock valued at $108,065,000 after acquiring an additional 1,950 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Casey’s General Stores by 0.3% in the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after acquiring an additional 2,467 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in Casey’s General Stores by 82.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $1,456,000 after acquiring an additional 1,162 shares during the last quarter. 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 management raised profit outlook — Casey’s reported $3.49 EPS (well above consensus) with EBITDA and net income rising strongly, and management raised FY26 profit guidance, giving investors confidence in near‑term profitability. Casey’s Announces Third Quarter Results
• Positive Sentiment: Margin expansion and inside-sales strength — inside same‑store sales, grocery and prepared‑food growth plus higher fuel margins drove margin expansion (EBITDA +27.5%), supporting cash flow, buybacks and dividends. The Quiet Retail Compounder Investors Keep Buying on Every Dip
• Positive Sentiment: Analyst upgrades/price‑target lifts — several firms raised targets (Jefferies to $780, Wells Fargo to $745, RBC to $713) and some reiterated Overweight/Buy calls, which supports further upside from professional buyers. Analyst Coverage / Price Target Notes
• Positive Sentiment: Technical strengths — the stock recently hit a 52‑week high and flashed a bullish golden‑cross/20‑day breakout, drawing momentum traders. Golden Cross Signal
• Neutral Sentiment: Dividend and buybacks continue — company declared a quarterly dividend and has resumed repurchases, supporting shareholder returns but modest yield limits income appeal. Dividend Announcement
• Neutral Sentiment: New merchandising/food initiatives (e.g., chicken‑wings plan) may help inside sales longer term but are execution-dependent. Chicken Wings Plan
• Negative Sentiment: Revenue miss and top‑line guidance risk — quarterly revenue missed consensus and management’s revenue outlook remains shy of Street estimates, which pressured shares immediately after the print. Revenue Miss Coverage
• Negative Sentiment: High valuation risk — some analysts and commentators flag a rich forward multiple (high 30s P/E) that could limit upside if top‑line growth slows. Valuation & Long‑term Risks

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.