JPMorgan Chase & Co. Increases Casey’s General Stores (NASDAQ:CASY) Price Target to $975.00

Casey’s General Stores (NASDAQ:CASY) had its target price boosted by JPMorgan Chase & Co. from $719.00 to $975.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.29% from the company’s current price.

CASY has been the topic of a number of other reports. Stephens raised their target price on Casey’s General Stores to $900.00 and gave the stock an “overweight” rating in a report on Wednesday. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $695.00 price target on shares of Casey’s General Stores in a report on Wednesday. Finally, Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $893.00.

Casey’s General Stores Stock Performance

NASDAQ:CASY traded down $7.49 on Friday, hitting $908.79. The stock had a trading volume of 52,700 shares, compared to its average volume of 531,222. Casey’s General Stores has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a market cap of $33.59 billion, a price-to-earnings ratio of 47.42, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. The company has a quick ratio of 0.64, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The business’s 50-day simple moving average is $798.07 and its two-hundred day simple moving average is $684.31.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the firm posted $2.63 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, research analysts predict that Casey’s General Stores will post 20.37 earnings per share for the current year.

Institutional Trading of Casey’s General Stores

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foster Dykema Cabot & Partners LLC purchased a new position in Casey’s General Stores during the third quarter worth $25,000. Central Pacific Bank Trust Division lifted its holdings in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Whipplewood Advisors LLC bought a new position in Casey’s General Stores during the 1st quarter valued at about $33,000. Finally, ORG Partners LLC raised its position in Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Key Casey’s General Stores News

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

• Positive Sentiment: Casey’s reported a major earnings beat and record quarterly profitability, reinforcing confidence in its growth and margin profile.
• Positive Sentiment: Wells Fargo raised its price target on CASY from $910 to $960 and kept an overweight rating, signaling further upside potential. Benzinga Tickerreport.com
• Positive Sentiment: Analysts and market commentary highlighted strong fuel profits, same-store sales growth, buybacks, and dividend support as signs Casey’s business model remains resilient.
• Neutral Sentiment: Several articles framed Casey’s as a defensive grocery/convenience-store name with steady cash flow and income appeal, which may help support the stock but does not change fundamentals immediately. Zacks
• Neutral Sentiment: Recent grocery-stock lists and “hot buy” commentary were generally favorable, but they are mostly reiterations of the company’s strong momentum rather than new catalysts. MarketBeat
• Negative Sentiment: Some commentary noted that the valuation is now rich after the rally, which could limit near-term upside if execution slows or fuel costs pressure margins.

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.