Casey's General StoresCASY
CASY
About: Casey's serves as the nation's third-largest convenience store chain with its nearly 2,900 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
Employees: 45,359
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
9% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 68
5% more repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 238
1% more funds holding
Funds holding: 660 [Q2] → 666 (+6) [Q3]
5.28% less ownership
Funds ownership: 89.61% [Q2] → 84.33% (-5.28%) [Q3]
7% less capital invested
Capital invested by funds: $12.6B [Q2] → $11.7B (-$943M) [Q3]
38% less call options, than puts
Call options by funds: $55M | Put options by funds: $88.1M
45% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 6 (-5) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$400
1%
downside
Avg. target
$440
9%
upside
High target
$470
17%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
BMO Capital Kelly Bania 75% 1-year accuracy 18 / 24 met price target | 12%upside $450 | Market Perform Reinstated | 18 Dec 2024 |
Evercore ISI Group Michael Montani 76% 1-year accuracy 13 / 17 met price target | 17%upside $470 | Outperform Maintained | 13 Dec 2024 |
RBC Capital Irene Nattel 0% 1-year accuracy 0 / 2 met price target | 6%upside $428 | Sector Perform Maintained | 10 Dec 2024 |
Deutsche Bank Krisztina Katai 75% 1-year accuracy 15 / 20 met price target | 13%upside $454 | Buy Maintained | 6 Nov 2024 |
Gordon Haskett Chuck Grom 38% 1-year accuracy 3 / 8 met price target | 1%downside $400 | Hold Initiated | 4 Nov 2024 |
Financial journalist opinion
Based on 17 articles about CASY published over the past 30 days
Positive
Seeking Alpha
1 day ago
Casey's General Stores: High Valuation Appears To Have Already Priced In The Upside
I recommend a hold rating for Casey's General Stores due to its current valuation already reflecting the improved fundamental outlook. CASY reported strong 2Q25 results, with total revenue of $3.95 billion and significant EBIT and EBITDA growth, driven by robust fuel margins and inside store sales. Management's conservative FY26 outlook suggests potential for beating guidance, but the current valuation tempers my enthusiasm for a buy rating.
Positive
MarketBeat
4 days ago
3 Dividend Leaders Set for Strong Growth in 2025
Dividend growth stocks are companies with stable cash flow and the ability to increase their distributions annually. They are important for investors because they provide a stable return and leverage for portfolio growth.
Positive
MarketBeat
1 week ago
Why a Stock Split Could Be a Game-Changer for Casey's in 2025
Casey's General Stores NASDAQ: CASY is on track for a stock split that may happen in 2025 because its share price, up more than 525% over the past decade, is only heading higher, putting it out of reach of “average” investors. What does that mean?
Positive
Zacks Investment Research
1 week ago
Casey's Q2 Earnings Top Estimates, Inside Same-Store Sales Grow 4%
CASY reports fiscal second-quarter results, with solid inside same-store sales driven by growth in food and beverage categories, along with robust inside gross profit growth.
Neutral
Seeking Alpha
1 week ago
Casey's General Stores, Inc. (CASY) Q2 2025 Earnings Call Transcript
Casey's General Stores, Inc. (NASDAQ:CASY ) Q2 2025 Earnings Conference Call December 10, 2024 8:30 AM ET Company Participants Brian Johnson - Senior Vice President, Investor Relations and Business Development Darren Rebelez - President and Chief Executive Officer Steve Bramlage - Chief Financial Officer Conference Call Participants Robert Griffin - Raymond James Bonnie Herzog - Goldman Sachs Jacob Aiken-Phillips - Melius Research Anthony Bonadio - Wells Fargo Michael Montani - Evercore ISI Krisztina Katai - Deutsche Bank Corey Tarlowe - Jefferies Operator Good day, and thank you for standing by. Welcome to the Second Quarter FY 2025 Casey's General Stores Earnings Conference Call.
Positive
Zacks Investment Research
1 week ago
Compared to Estimates, Casey's (CASY) Q2 Earnings: A Look at Key Metrics
The headline numbers for Casey's (CASY) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 week ago
Casey's General Stores (CASY) Beats Q2 Earnings Estimates
Casey's General Stores (CASY) came out with quarterly earnings of $4.85 per share, beating the Zacks Consensus Estimate of $4.24 per share. This compares to earnings of $4.24 per share a year ago.
Neutral
Business Wire
1 week ago
Casey's Announces Second Quarter Results
ANKENY, Iowa--(BUSINESS WIRE)--Casey's General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY) one of the leading convenience store chains in the United States, today announced financial results for the three and six months ended October 31, 2024. Second Quarter Key Highlights Diluted EPS of $4.85, up 14% from the same period a year ago. Net income was $181 million, up 14%, and EBITDA1 was $349 million, up 14%, from the same period a year ago. Inside same-store sales increased 4.0% com.
Neutral
Zacks Investment Research
1 week ago
Wall Street Waits for Key Inflation Data
Wall Street Waits for Key Inflation Data.
Positive
Zacks Investment Research
2 weeks ago
Countdown to Casey's (CASY) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for Casey's (CASY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
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