BNP Paribas Rates Casey's General Stores (CASY) buy

BNP Paribas maintains its buy rating on Casey's with a target of $995, a 24.27% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 2:01 PM EDT · Updated Jun 30, 2026, 8:02 AM EDT

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BNP Paribas rated Casey's General Stores, Inc. ($CASY) "buy" with a $995 price target on June 25, 2026.

Since the rating, $CASY is up 1.6% after 1 week, up 8.8% after 1 month and down 12.1% to date (from the $784.12 close on Jun 25, 2026).

CASY Casey's General Stores, Inc.

$689.22 +24.20% year to date

Daily close · Oct 16, 2026

Key Points

BNP Paribas reiterated its buy rating on Casey's General Stores, Inc. (CASY) with a price target of $995 on June 25, 2026.
BNP Paribas's $995 price target implies 24.27% upside from Casey's General Stores, Inc.'s ($CASY) current $800.70 share price.
Casey's shares traded near $781.01 on Thursday with a market cap of about $30.8 billion and a P/E ratio of 43.3.
Insiders at Casey's engaged in buying and selling activity on June 15, 2026, including the Chief Financial Officer selling 7,278 shares.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Casey's General Stores, Inc. alert may contain errors. Disclosures

BNP Paribas has reiterated its buy rating on Casey's General Stores, Inc. (NasdaqGS: CASY) with a price target of $995. The analyst, Steve McManus, issued the update on June 25, 2026. This maintains the bank's positive outlook on Casey's, which is known for its convenience stores across the United States.

Other Institutional Activity in Casey's General Stores

BlackRock, Inc. increased its stake in Casey's by 740,419 shares, now holding 4,238,547 shares valued at approximately $3.09 billion. Vanguard Portfolio Management LLC initiated a new position with 1,857,617 shares worth about $1.35 billion. Similarly, Vanguard Capital Management LLC opened a new position with 1,663,162 shares valued at $1.21 billion. State Street Corp added 139,696 shares, bringing its total to 1,378,641 shares valued at $1.00 billion. In contrast, Franklin Resources Inc reduced its holdings by 117,771 shares to 950,911 shares worth $692.1 million.

Casey's General Stores, Inc. Stock Up 34.0%

Shares of Casey's General Stores traded near $781.01 on Thursday. The company has a market capitalization of approximately $30.8 billion and a P/E ratio of 43.3, with a forward P/E of 35.6. Its beta is 0.624, indicating lower volatility compared to the market. The stock's 52-week range is between $490.00 and $927.85, and it has a 50-day moving average of $812.42 and a 200-day moving average of $650.73. The company's current ratio is 1.01, and its quick ratio is 0.575, with a debt-to-equity ratio of 73.2.

12-month forecast

$CASY price target

Casey's General Stores, Inc. daily closes and this analyst's $995 target. Not advice.

Recent Earnings

Casey's reported revenue of $17.56 billion, reflecting a growth of 14.5%. The company achieved a net margin of 4.1% and a return on equity of 19.2%. Earnings per share stood at $19.20. The company is expected to release its next earnings report on September 9, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B- 72/100

Reported Jun 9, 2026

Forward outlook
8 analysts raised price targets.
EPS & revenue
EPS beat estimates by 30.0%. Revenue beat estimates by 4.2%.
Profit surprise
EBITDA missed by 24 percent. Operating income missed by 37 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
8 target raises.
Earnings quality
Gross margin up 2.8 points. Operating margin down 1.3 points. Positive free cash flow.

Earnings Call Summary

Casey's delivered a strong second quarter with revenue of $4.57 billion, up 14 percent year over year, driven by inside sales growth and fuel gallons. The company gained market share in fuel despite a regional decline of 2 percent, benefiting from strong prepared food sales, particularly whole pies and breakfast items. Inside margins improved 20 basis points to 42.4 percent, with prepared food margins of 58.6 percent. Management credited consistent execution, a strong guest value proposition, and improved cost management including lower cheese costs. Traffic increased 1.5 percent, and the company is on track with Cefco integration, planning store conversions to start in the new calendar year.

Guidance Casey's raised its full-year EBITDA growth outlook to 15 to 17 percent, up from prior expectations. Inside same-store sales are now guided to grow 3 to 4 percent, with inside margins expected to be 41 to 42 percent. The company also expects the tax rate to be 24 to 25 percent.

Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Dividend

Casey's General Stores offers an annual dividend rate of $2.36, translating to a yield of 0.28%. The dividend payout ratio is 11.9%, indicating a conservative approach to return capital to shareholders.

Insider Buying and Selling at Casey's General Stores, Inc.

On June 15, 2026, several insiders at Casey's General Stores engaged in stock transactions. Lindsey Katrina, Chief Legal Officer, purchased 7,096 shares. Meanwhile, Chief Merchandising Officer Thomas Brennan Jr. sold 1,026 shares, and Chief HR Officer Chad Michael Frazell sold 887 shares. Chief Financial Officer Stephen Jr. Bramlage sold 7,278 shares at an average price of $872.39. Chief Operating Officer Koschel Williams Ena sold 7,237 shares at the same price, but also purchased 1,741 shares.

Analysts Set New Price Targets

On June 25, 2026, BNP Paribas maintained its buy rating on Casey's with a $995 price target. Goldman Sachs and RBC Capital also maintained their hold ratings with targets of $795 and $850, respectively. Earlier, on June 23, Evercore ISI Group reiterated its buy rating with a $975 target.

About Casey's General Stores, Inc.

Casey's General Stores, Inc., headquartered in Ankeny, Iowa, operates convenience stores under the Casey's and Casey's General Store names throughout the United States. The stores offer a variety of products including food, drinks, tobacco, and fuel. Founded in 1959, the company is led by CEO Darren M. Rebelez and employs a substantial workforce across its operations.

Bottom Line

BNP Paribas's reaffirmation of a buy rating with a $995 target underscores confidence in Casey's General Stores. Investors track these ratings as they provide insights into a company's potential, though it's important to remember that analyst ratings are opinions and not guarantees. As always, the latest filing reflects past data, which may not indicate current holdings.