Casey's General Stores' price target was raised to $564.33 as analysts cite robust Q1 earnings, sustained fuel and in-store margin strength, and durable growth prospects, though the stock now trades at a premium multiple above 30x EPS.
Analyst Commentary
- Strong Q1 earnings beat, with EPS ahead of consensus, driven by share gains and robust margins in both fuel and in-store sales.
- Sustained and substantial fuel margin performance, with effective volume/margin management and potential for ongoing industry margin advantages.
- Broad-based strength inside the store, signaling continued consumer demand and operational execution.
- Ongoing unit expansion and momentum in core business segments position Casey's for durable, long-term growth.
- Confidence in premium valuation supported by consistent outperformance, but the stock now trades at an elevated EPS multiple above 30x.
What's in the News
- Repurchased 69,687 shares for $31.25 million, completing the buyback of 461,977 shares for $136.14 million under the 2018 authorization.
- Reaffirmed fiscal 2026 outlook: inside same-store sales growth of 2–5%, inside margin of approximately 41%, and same-store fuel gallons sold of negative 1% to positive 1%.
- Plans to open at least 80 stores in fiscal 2026, with a three-year total of approximately 500 new stores via M&A and new construction.
- Bowyer Research urged shareholders to vote against a proposal requiring disclosure of measurable greenhouse gas emissions reduction targets.
Valuation Changes
Summary of Valuation Changes for Casey's General Stores
- The Consensus Analyst Price Target has risen slightly from $544.38 to $564.33.
- The Consensus Revenue Growth forecasts for Casey's General Stores has fallen from 6.4% per annum to 6.0% per annum.
- The Future P/E for Casey's General Stores has risen slightly from 32.74x to 33.61x.
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