Casey’s General Stores (NASDAQ:CASY) Sets New 52-Week High on Analyst Upgrade

Casey’s General Stores, Inc. (NASDAQ:CASY)’s share price hit a new 52-week high during trading on Thursday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $917.47 and last traded at $915.60, with a volume of 2008648 shares. The stock had previously closed at $761.18.

CASY has been the topic of several other reports. Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Evercore reiterated an “outperform” rating and issued a $990.00 price target on shares of Casey’s General Stores in a research report on Friday. BMO Capital Markets boosted their price target on shares of Casey’s General Stores from $700.00 to $950.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $899.25.

Key Casey’s General Stores News

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

• Positive Sentiment: JPMorgan raised its price target on Casey’s General Stores to $975 from $719, signaling improved valuation expectations even while keeping a neutral rating. Benzinga
• Positive Sentiment: Wells Fargo boosted its price target to $960 from $910 and reiterated an overweight rating, reflecting confidence in Casey’s execution and upside potential. Tickerreport.com
• Positive Sentiment: Recent coverage highlighted Casey’s as a long-term momentum stock, reinforcing the view that its business model has both growth and defensive appeal. Zacks
• Positive Sentiment: Analysts and market commentary pointed to durable margin momentum, strong inside sales, disciplined fuel operations, and store growth as reasons earnings power could keep rising into fiscal 2027. Zacks
• Positive Sentiment: The company was also highlighted for its dividend growth and shareholder-return profile, which can support investor interest during volatile markets. Zacks
• Positive Sentiment: MarketBeat commentary described Casey’s as a growth stock with defensive characteristics, supported by buybacks, cash flow generation, and guidance that investors view favorably. MarketBeat

Institutional Trading of Casey’s General Stores

Several institutional investors and hedge funds have recently bought and sold shares of CASY. NewEdge Advisors LLC raised its holdings in Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. raised its holdings in Casey’s General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after buying an additional 105 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Casey’s General Stores by 431.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after buying an additional 177 shares during the period. Amundi acquired a new stake in Casey’s General Stores during the 2nd quarter worth about $338,000. Finally, Jump Financial LLC raised its holdings in Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 2.3%

The company has a fifty day simple moving average of $801.23 and a 200-day simple moving average of $685.79. The company has a current ratio of 1.01, a quick ratio of 0.64 and a debt-to-equity ratio of 0.59. The stock has a market cap of $33.08 billion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 2.53 and a beta of 0.61.

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 the consensus estimate of $3.31 by $1.06. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 EPS. On average, research analysts forecast that Casey’s General Stores, Inc. will post 20.51 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 31st. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio is presently 11.90%.

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.