RBC Capital Cuts CASY Price Target to $825
RBC Capital upgraded Casey's target price as the stock trades below the new estimate, a 19.83% upside from the current price.
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RBC Capital cut its price target on Casey's General Stores, Inc. ($CASY) to $825 from $910 on October 15, 2026, and rates the stock "Outperform".
Since the rating, $CASY is up 2.3% to date (from the $673.63 close on Oct 15, 2026).
CASY
Casey's General Stores, Inc.
Key Points
- RBC Capital raised its price target on Casey's General Stores to $825 from $910, while maintaining an Outperform rating.
- Currently, Casey's shares are trading at $688.48, which is below the new target, indicating potential upside from this level.
- Analysts have mixed views, with a consensus target mean of $790.53 and a recommendation of 'buy' from 19 analysts.
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RBC Capital recently raised its price target for Casey's General Stores, Inc. (CASY) to $825 from $910 while maintaining an Outperform rating. This change was effective on October 15, 2026, which is important as the stock was trading at $688.48 on the same day.
The upgrade reflects a shift in outlook, with RBC Capital suggesting that despite lowering the target, the stock still presents a favorable investment opportunity. Currently, Casey's shares are well below this new target, suggesting potential upside if the stock recovers.
RBC Capital vs. the S&P 500
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Other Institutional Activity in Casey's General Stores
Several institutional investors have adjusted their stakes in Casey's General Stores. Vanguard Capital Management LLC increased its holdings by 751,574 shares, bringing its total to 2,414,717 shares valued at about $1.66 billion. Meanwhile, State Street Corporation grew its stake by 380,217 shares, ending with 1,758,816 shares worth approximately $1.21 billion. Conversely, Blackrock Inc. cut its holdings by 765,871 shares, reducing its total to 3,472,484 shares valued at approximately $2.39 billion.
Casey's General Stores, Inc. Stock Up 15.2%
As of Friday, the stock was trading at $688.48, significantly below its 52-week high of $927.85. This positioning could suggest that the stock may have room for growth based on the new price target set by RBC Capital. Additionally, the stock trades below its 200-day moving average of $730.08, indicating it may be undervalued in the current market.
$CASY price target
Casey's General Stores, Inc. daily closes and this analyst's $825 target. Not advice.
Recent Earnings
In its most recent fiscal year, Casey's General Stores reported revenue of approximately $18.67 billion, reflecting a revenue growth of 24.3%. The company posted an EPS of $20.77 and has a net margin of 4.1%. The next earnings report is scheduled for December 8, 2026, which will provide further insights into its performance.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 30.0%. Revenue beat estimates by 4.2%.
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Profit surprise
EBITDA missed by 24 percent. Operating income missed by 37 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
8 target raises.
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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.
Insider Buying and Selling at Casey's General Stores, Inc.
Recent insider transactions indicate that several executives sold shares. Chief Executive Officer Darren M. Rebelez sold 19,000 shares on July 7, 2026. Chief Operating Officer Ena Koschel Williams sold 2,800 shares on July 9, 2026. Both transactions were not under a Rule 10b5-1 plan and reflect ongoing trading activities among insiders.
Analysts Set New Price Targets
On October 15, RBC Capital upgraded Casey's rating to Outperform with a new target of $825. Prior to this, Evercore ISI Group maintained its Outperform rating with a target of $775 on September 11, 2026. The consensus among 19 analysts suggests a target mean price of $790.53.
About Casey's General Stores
Casey's General Stores operates convenience stores in the United States, offering a variety of food items such as pizza, donuts, and sandwiches, as well as beverages and tobacco products. The company plays a significant role in the specialty retail sector, which makes the adjustments in analyst ratings and price targets particularly impactful for its market position.
Bottom Line
Investors should watch for Casey's next earnings report on December 8, 2026, to gauge its financial health after recent adjustments by analysts. Keep in mind that the latest 13F filings reflect institutional holdings as of the reporting period and may not represent current positions.
Related Filing Alerts
Source: RBC Capital's rating change on $CASY (Oct 15, 2026). Written by software, not financial advice. How we make alerts