UBS Group Has Lowered Expectations for Casey’s General Stores (NASDAQ:CASY) Stock Price

10 Sep 2026, 14:32 by Kim Johansen · The Markets Daily

Casey’s General Stores (NASDAQ:CASY – Get Free Report) had its target price reduced by stock analysts at UBS Group from $925.00 to $720.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 12.29% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Evercore reaffirmed an “outperform” rating and issued a $990.00 price target on shares of Casey’s General Stores in a research note on Friday, June 12th. KeyCorp lowered their price objective on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a research report on Thursday. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price objective for the company in a research note on Monday, July 13th. Finally, Capital One Financial initiated coverage on shares of Casey’s General Stores in a report on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price on the stock. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $876.56.

Read Our Latest Stock Report on CASY

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $641.21 on Thursday. Casey’s General Stores has a 52-week low of $497.38 and a 52-week high of $927.85. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. The company has a fifty day moving average of $822.28 and a 200-day moving average of $786.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.96%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the company earned $5.77 EPS. Equities research analysts expect that Casey’s General Stores will post 21.21 EPS for the current year.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Frazell sold 3,013 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 9,823 shares in the company, valued at approximately $7,735,514.27. This represents a 23.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darren M. Rebelez sold 19,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value of $15,227,740.00. Following the completion of the transaction, the chief executive officer directly owned 89,174 shares of the company’s stock, valued at $71,469,394.04. This represents a 17.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 30,243 shares of company stock worth $24,421,877. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Casey’s General Stores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fiduciary Financial Advisors bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $26,000. Bell Investment Advisors Inc bought a new position in shares of Casey’s General Stores in the 2nd quarter worth about $33,000. Caitlin John LLC bought a new position in shares of Casey’s General Stores in the 2nd quarter worth about $35,000. Whipplewood Advisors LLC purchased a new position in Casey’s General Stores during the 1st quarter valued at about $33,000. Finally, Groupe la Francaise purchased a new position in Casey’s General Stores during the 2nd quarter valued at about $42,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Casey’s General Stores

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

Positive Sentiment: Casey’s reported fiscal Q1 2027 diluted EPS of $7.37, up 27.7% year over year and above the $6.78 analyst consensus. Revenue rose 24.3% to $5.68 billion, also exceeding expectations, while EBITDA increased 17.1% to $485.1 million. Stronger fuel margins and inside gross profit helped offset higher costs. Casey’s Announces First Quarter Results
Positive Sentiment: Several analysts defended the stock following the selloff. Stephens reaffirmed an overweight rating with a $975 price target, while Wells Fargo maintained overweight despite reducing its target to $750. Other coverage characterized the decline as a potentially more attractive entry point for a high-quality retailer. Casey’s is defended by analysts after post-earnings slide
Neutral Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The company’s full-year outlook was unchanged, suggesting management continues to expect its broader growth plan to remain on track. CASY Q1 Earnings Beat Estimates on Inside and Fuel Gains
Negative Sentiment: The primary concern was inside same-store sales growth of 3.2%, which slowed from the prior year and fell short of investor expectations. That weaker key sales metric overshadowed the earnings, revenue and EBITDA beats and raised concerns about moderating consumer demand and future growth. Casey’s shares slide despite earnings beat as inside sales growth disappoints
Negative Sentiment: The reaction also reflects Casey’s demanding valuation and elevated prior expectations. Investors interpreted the quarter as evidence of earnings growth deceleration, while the broader market faced pressure from rising oil prices and geopolitical tensions. Casey’s General Stores’ Q1: Good Quarter, Tough Expectations

About Casey’s General Stores

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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.