Casey’s General Stores (NASDAQ:CASY) Rating Lowered to Hold at Wall Street Zen

Casey’s General Stores (NASDAQ:CASY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently issued reports on CASY. Evercore restated an “outperform” rating and set a $775.00 price objective on shares of Casey’s General Stores in a report on Friday. Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. The Goldman Sachs Group set a $750.00 price target on shares of Casey’s General Stores in a research report on Wednesday. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price target for the company in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $840.69.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $615.47 on Friday. The firm has a market capitalization of $22.75 billion, a P/E ratio of 29.65, a PEG ratio of 2.01 and a beta of 0.59. Casey’s General Stores has a 1 year low of $497.38 and a 1 year high of $927.85. The business has a 50-day moving average of $815.25 and a 200-day moving average of $785.91. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%.Casey’s General Stores’s revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the business posted $5.77 EPS. On average, equities analysts anticipate that Casey’s General Stores will post 21.4 EPS for the current year.

Insider Buying and Selling at Casey’s General Stores

In related news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total value of $4,777,512.00. Following the completion of the transaction, the chief financial officer directly owned 29,677 shares of the company’s stock, valued at approximately $24,874,074.32. This represents a 16.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad Frazell sold 3,013 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the transaction, the insider directly owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. The trade was a 23.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Casey’s General Stores

A number of institutional investors have recently modified their holdings of CASY. Fiduciary Financial Advisors acquired a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new position in Casey’s General Stores during the 2nd quarter worth approximately $33,000. Caitlin John LLC bought a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $35,000. Whipplewood Advisors LLC bought a new position in shares of Casey’s General Stores during the 1st quarter worth approximately $33,000. Finally, Groupe la Francaise acquired a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $42,000. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s reported fiscal Q1 EPS of $7.37, exceeding the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. Revenue increased 24.3% year over year. Why Did Casey’s General Stores Stock Tank This Week?
• Positive Sentiment: Management maintained its fiscal 2027 outlook, citing prepared-food traffic, fuel margins and the CEFCO remodel program as support for continued growth. CASY Q1 Earnings Call Keeps Outlook Intact on Food, Fuel Strength
• Positive Sentiment: Stephens reaffirmed its “Overweight” rating, and some analysts view the sharp selloff as a potential buying opportunity despite reducing their price targets. Stephens Reaffirms Overweight Rating
• Neutral Sentiment: UBS lowered its price target from $925 to $720 and shifted to a “Neutral” rating. Although the new target implies upside from recent trading levels, the reduction signals diminished confidence in near-term valuation expansion. Analysts Cut Forecasts After Q1 Results
• Negative Sentiment: The earnings beat failed to reassure investors because analysts broadly cut price targets after the report. Wells Fargo issued a pessimistic forecast, reinforcing concerns that expectations and Casey’s valuation remain too high even with solid operating results. Wells Fargo Issues Pessimistic Forecast
• Negative Sentiment: CASY is headed for one of its worst weekly performances in years as investors question whether the current growth plan can continue delivering at the pace implied by the stock’s prior valuation. CASY Stock Heads for Worst Week in 17 Years

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.