UBS cuts target for Casey's General Stores stock from USD 925.00 to USD 720.00

Published on 10/07/2026 at 07:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 revenue rose 24.30 percent to USD 5.68 billion. Casey's General Stores stock costs EUR 552.60 on October 7, 2026, plus 0.38 percent versus EUR 550.50.

CASY, US1475281036, Illustration mit AI erstellt.

Casey's General Stores stock (ISIN US1475281036) was trading at EUR 552.60 at Lang & Schwarz on October 7, 2026 at 7:32 a.m. CEST, plus 0.38 percent versus the prior close of EUR 550.50. According to MarketBeat on September 10, 2026, UBS cut its target for Casey's General Stores from USD 925.00 to USD 720.00 and kept a Neutral rating.

Quarterly growth stays strong

Casey's fiscal first-quarter revenue rose 24.30 percent year over year to USD 5.68 billion for the three months ended July 31, 2026. Net income increased 27.10 percent to USD 273.7 million, while diluted earnings per share rose to USD 7.37 from USD 5.77 a year earlier, according to StockTitan in the September 8, 2026 filing summary.

The comparison matters because the earnings increase outpaced revenue growth by 2.80 percentage points. Operating cash flow reached USD 384.1 million in the same quarter, compared with USD 372.4 million a year earlier, while the company operated 2,959 stores across 19 states.

Food traffic offsets softer demand

Prepared-food and dispensed-beverage same-store sales increased 4.80 percent in the fiscal first quarter, while grocery and general merchandise same-store sales rose 2.70 percent. Inside same-store sales growth was 3.20 percent in the quarter, a softer counterpoint to the earnings and revenue gains, according to Zacks on September 10, 2026.

Management kept fiscal 2027 guidance unchanged, including EBITDA growth of 8.00 percent to 10.00 percent and inside same-store sales growth of 2.00 percent to 5.00 percent. Casey's also remains on track to add at least 120 stores during fiscal 2027 through acquisitions and new construction.

Target cut meets a lower quote

UBS's USD 720.00 target is 30.59 percent below its former USD 925.00 target, making the September 10 cut a sharper valuation reset than the operating figures alone suggest. Public.com lists December 8, 2026 as the next earnings date, giving the market a scheduled test for the company's second-quarter outlook.

Pre-market quote and valuation

Casey's General Stores stock was trading at EUR 552.60 at Lang & Schwarz on October 7, 2026 at 7:32 a.m. CEST, plus 0.38 percent versus the Lang & Schwarz prior close of EUR 550.50 on October 6, 2026. The primary listing is on the NASDAQ Global Select Market, where the finance snapshot dated October 6, 2026 showed a market capitalization of USD 23.0 billion and a 52-week range of USD 497.38 to USD 927.85. The further course of trading is shown by the continuously updated real-time quote of Casey's General Stores stock.