Casey's General Stores Monthly Analysis (December 2025)

Casey's General Stor...

NasdaqGS:CASY

$ 567,03

+ $3,88 (0,69%)

567,03 $

+$3,88 (0,69%)

End-of-day quote: 12/05/2025

Casey's General Stores Stock Value

Analysts currently see NasdaqGS:CASY at the level of Outperform.

Outperform

Casey's General Stores Company Info

EPS Growth 5Y

15,57%

Market Cap

$21,08 B

Long-Term Debt

$2,41 B

Short Interest

2,53%

Quarterly earnings

12/05/2025 (A)

Dividend

$2,27

Dividend Yield

0,40%

Founded

1959

Industry

Consumer Staples

Country

United States

ISIN Number

US1475281036

Website

http://www.caseys.com

Analyst Price Target

$600,00

5.81%

Last Update: 12/06/2025

Analysts: 13

Highest Price Target $700,00

Average Price Target $600,00

Lowest Price Target $490,00

In the last five quarters, Casey's General Stores’s Price Target has risen from $189,08 to $332,95 - a 76,09% increase. Fourteen analysts predict that Casey's General Stores’s share price will increase in the coming year, reaching $600,00. This would represent an increase of 5,81%.

Top growth stocks in the consumer staples sector (5Y.)

What does Casey's General Stores do?

Casey's General Stores, Inc. and its direct and indirect wholly-owned subsidiaries operate convenience stores primarily under the names ‘Casey's’ and ‘Casey’s General Store’ (collectively, with the stores referenced as ‘GoodStop’, ‘CEFCO’, ‘Bucky's’, or ‘Lone Star Food Store’, referred to as ‘Casey's’) throughout 20 states, approximately half of which are located in Iowa, Missouri and Illinois. On November 1, 2024, the company closed on the acquisition of Fikes Wholesale and Group Petroleum Ser...

On November 1, 2024, the company closed on the acquisition of Fikes Wholesale and Group Petroleum Services (‘Fikes’), owner of CEFCO Convenience Stores, which added stores, including additional stores in Texas, as well as stores in Alabama, Florida, and Mississippi, which are the first stores Casey's has operated in these states. The acquisition also included the company's first fuel terminal, located in Waco, Texas.

All convenience stores carry a broad selection of food items (which, at most stores, includes, but is not limited to, freshly prepared foods, such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches), beverages, tobacco and nicotine products, groceries, health and beauty aids, automotive products, and other non-food items. Some store locations offered car washes. In addition, all but some store locations offer fuel for sale on a self-service basis.

The company has stores operating under the ‘GoodStop (by Casey’s)’ brand, stores operating under the ‘Lone Star Food Store’ brand, and was also temporarily operating certain locations under the name ‘Bucky's’. Additionally, the majority of the stores acquired from Fikes are currently operating under the ‘CEFCO’ brand. Similar to most of the company’s store footprint, the ‘GoodStop’, ‘Lone Star Food Store’, ‘Bucky's’, and ‘CEFCO’ locations offer fuel for sale on a self-serve basis, and a broad selection of snacks, beverages, tobacco products, and other essentials. However, some of these locations do not have a kitchen and have limited prepared food offerings.

As part of the Fikes transaction, the company expanded its wholesale network, where Casey’s manages fuel wholesale supply agreements to certain dealer sites and other wholesale locations.

The company operates three distribution centers, through which certain grocery, general merchandise, and prepared food and dispensed beverage items are supplied to most of its stores. One distribution center is adjacent to the company’s corporate headquarters, which is referred to as the Store Support Center, in Ankeny, Iowa. The other two distribution centers are located in Terre Haute, Indiana, and Joplin, Missouri. The company also self-distributes the majority of fuel to its stores. The company had a fleet of approximately 500 tractors used for distribution as of April 30, 2025.

The company owns most of its real estate, including substantially all of its stores, all three distribution centers, a fuel terminal, a construction and support services facility located in Ankeny, Iowa, and the Store Support Center facility.

The company derives its revenue primarily from the retail sale of fuel and the products offered in its stores. The company’s sales historically have been strongest during the first and second fiscal quarters (May through October) relative to the third and fourth fiscal quarters (November through April). In warmer weather, guests tend to purchase greater quantities of fuel and certain convenience items, such as beer, sports drinks, water, soft drinks, and ice.

Casey's Marketing Company (‘CMC’), Casey's Services Company (‘CSC’), and Casey’s Retail Company (‘CRC’) are wholly-owned subsidiaries of Casey’s, while CGS Stores, LLC is a wholly-owned subsidiary of CMC.

CRC owns and/or operates certain stores in Illinois, Kansas, Michigan, Minnesota, Nebraska, North Dakota, and South Dakota, holds the rights to the company's trademarks, service marks, trade names, and other intellectual property, and performs most corporate and strategic functions of the enterprise. CMC owns and/or operates stores in Arkansas, Indiana, Iowa, Kentucky, Missouri, Ohio, Oklahoma, Wisconsin, and Texas, and is responsible for wholesale operations, including all three distribution centers and management of the wholesale fuel network. CGS Stores, LLC owns and/or operates stores in Tennessee. CSC provides a variety of construction, maintenance, and transportation services for all stores.

Store Operations

Products Offered

The company delivers value to its guests through a differentiated product assortment, where the right products are optimally placed, priced, and promoted to drive traffic, revenue, and profit. It is the company’s practice to continually make additions and changes to its product line, especially products with higher margins, such as prepared food and its new private label offerings. To facilitate the prepared food offerings, the company has installed full kitchens in almost all of its stores, other than those branded as ‘Bucky's’, ‘GoodStop’, and ‘Lone Star Food Store.’ Additionally, the majority of the CEFCO stores have kitchens and proprietary hot food programs that differ from the Casey's food offering.

The company's flagship product is its pizza, which it began preparing and selling in 1984. Pizza was available in almost all of the company’s Casey's stores, and select CEFCO stores, as of April 30, 2025. Additional stores selling pizza will come online as newly acquired stores are remodeled and kitchens are added. The company has also expanded its prepared food offerings, which currently include made-to-order cheesy breadsticks, sandwiches and wraps, chicken wings, chicken tenders, breakfast croissants and biscuits, breakfast pizza, breakfast burritos, hash browns, burgers, and bakery items, which currently include donuts, cookies, and brownies, as well as other seasonal items.

The growth in the company’s prepared food and dispensed beverage program reflects its strategy to promote high-margin products that are compatible with convenience store operations.

Each Casey’s store typically carries over 3,000 packaged food, beverage, and non-food items. The selection is a blend of differentiated private label products, as well as favored national and regional brands. The company’s assortment includes products across the following categories: non-alcoholic beverages (soft drinks, energy, water, sports drinks, juices, coffee, tea, and dairy); alcoholic beverages (beer, wine, and spirits); packaged foods (snacks, candy, packaged bakery, and other food items); tobacco and nicotine products; frozen foods (ice, ice cream, meals, and appetizers); non-foods (health and beauty aids, automotive, electronic accessories, and housewares); and services (ATM, lotto/lottery, and prepaid cards).

All but some stores offer retail motor fuel products for sale on a self-service basis. Gasoline and diesel fuel are sold under the Casey’s name at the majority of its locations.

The company offers the Casey's Rewards program to bring value to guests and improve the digital guest experience. As part of this program, guests can earn points from online, in-store, or at the pump purchases. Points earned can be redeemed for donations to a local school of the guest's choice, fuel discounts, or Casey's Cash, which can be used on many products sold in its stores. The Rewards program is delivered through Casey’s mobile application. In addition to earning points, guests may receive other program benefits, such as special offers and bonus points. At the end of the fiscal year, the company has over 9 million members enrolled in the program.

Store Design

The company constructs stores that are primarily freestanding and, with a few exceptions to accommodate local conditions, conform to standard construction specifications. The company has a range of store designs differing in size and offerings. Store lots have sufficient frontage and depth to permit adequate drive-in parking facilities on one or more sides of each store. Each new store typically includes 4 to 6 islands of fuel dispensers and storage tanks with capacity for 44,000 to 70,000 gallons of fuel. The merchandising display follows a standard layout designed to encourage a flow of guest traffic through all sections of every store. Nearly all locations feature a bright sign that displays the Casey’s, CEFCO, GoodStop, Bucky's, or Lone Star Food Store name and trade/service marks.

Store Locations

The company historically has located many of its stores in smaller towns not served by national-chain convenience stores. The company’s store-site selection criteria emphasize the population of the immediate area and daily highway traffic volume.

Distribution and Wholesale Arrangements

CMC supplies most of the company’s stores with various groceries, food, health and beauty aids, and general merchandise from its three distribution centers. The stores place orders for merchandise electronically to the Store Support Center, and the orders are filled with shipments in company-operated delivery trucks from one of the distribution centers, based on route optimization for the fleet network. Most of the company’s existing and proposed stores are within the three distribution centers' optimum efficiency range—a radius of approximately 500 miles around each distribution center.

In fiscal 2025, a majority of the food and non-food items supplied to stores through the distribution centers were purchased directly from manufacturers. While the company considers long-term contracts for potential favorability against short-term contracts, long-term supply contracts are not typically entered into with the suppliers of products sold by its stores.

In addition to the products discussed above, CMC supplies the majority of fuel to the company’s stores. Additionally, CMC, along with certain of the newly acquired Fikes entities, supply fuel on a wholesale basis to dealer sites and other wholesale locations. The company has entered into various purchase agreements related to its fuel supply, which include varying volume commitments.

Trademarks and Service Marks

The company regularly evaluates its portfolio of intellectual property and takes steps to review potential new trademarks and service marks, and to renew existing marks. The names ‘Casey’s’, ‘Casey’s General Store’, and ‘GoodStop (by Casey's)’, the marks consisting of the Casey’s design logos (with the words ‘Casey’s’ and ‘Casey’s General Store’), the weathervane, and certain of the company’s private label product names, are registered trademarks and service marks under federal law. In addition, the company has a number of other registered and unregistered trademarks and service marks that are significant to the company from an operational and branding perspective (e.g., ‘Casey’s Pizza’, ‘The Official Pizza and Beer Headquarters’, ‘Casey’s Here for Good’, ‘Casey’s Rewards’, ‘Casey’s Cash’, etc.). As part of the acquisition of Fikes, the company acquired the ‘CEFCO’ trademark and other relevant registered and unregistered trademarks and service marks.

History

Casey's General Stores, Inc. was founded in 1959. The company was incorporated in Iowa in 1967.

Casey's General Stores Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Revenue distribution by industry: Food and beverages: approximately 60% Fuels: approximately 35% Other (including services): approximately 5% TOP 3 Markets: Iowa: approximately 25% Missouri: approximately 20% Illinois: approximately 15% Casey's General Stores, Inc. generates the majority of its...

At which locations are the company’s products manufactured?

Production Sites: USA Casey's General Stores, Inc. operates a network of convenience stores in the USA and produces many of its products, especially fresh foods like pizza, directly in the stores. The central production takes place in the USA, with logistics and distribution handled through its own...

What strategy does Casey's General Stores pursue for future growth?

Revenue Growth: 9.8% (2024) Profit Growth: 11.2% (2024) Casey's General Stores, Inc. is pursuing a growth strategy focused on expanding its store network and optimizing its existing business model. The company plans to significantly increase the number of stores in the coming years, especially in ru...

Which raw materials are imported and from which countries?

Main raw materials: Fuels, food products, packaging materials Countries of origin: USA, Canada, Mexico Casey's General Stores, Inc. sources most of its raw materials and materials from North America. The majority of fuels are obtained from domestic suppliers within the USA, with imports from Canada...

How strong is the company’s competitive advantage?

Market share: 4.5% in the convenience store sector (2024) Number of stores: Over 2,400 locations (2024) Revenue growth: 7.8% (2024) Casey's General Stores, Inc. has a significant competitive advantage in the convenience store sector, especially in the Midwest of the USA. The company benefits from a...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approx. 75% (estimated for 2025 based on historical data) Insider Buys/Sells: No significant changes reported (estimated for 2025) The institutional investor share at Casey's General Stores, Inc. has traditionally been around 70-75%. This high participation demonstrates...

What percentage market share does Casey's General Stores have?

Market share of Casey's General Stores, Inc.: Estimated 5% (2025) Main competitors and their market shares: 7-Eleven, Inc.: 20% Circle K (Alimentation Couche-Tard): 15% Speedway LLC (Marathon Petroleum): 10% Wawa, Inc.: 7% QuikTrip Corporation: 6% Casey's General Stores, Inc.: 5% Sheetz, Inc.: 4% R...

Is Casey's General Stores stock currently a good investment?

Revenue Growth: 9.8% (2024) Profit Growth: 11.2% (2024) Market Share in the Convenience Store Sector: 5.3% (2024) Casey's General Stores, Inc. recorded solid revenue growth of 9.8% in 2024, attributed to successful expansion and strong customer loyalty. The 11.2% profit growth indicates that the com...

Does Casey's General Stores pay a dividend – and how reliable is the payout?

Dividend yield: 0.8% (2025, estimated) Dividend growth: 7% annually (last 5 years) Casey's General Stores, Inc. regularly pays a dividend to its shareholders. The current dividend yield is approximately 0.8%, which is moderate compared to other companies in the industry. Over the past five years, th...

Casey's General Stores Stock Value

Casey's General Stores Company Info

Analyst Price Target

Top growth stocks in the consumer staples sector (5Y.)

What does Casey's General Stores do?

Casey's General Stores Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal