Casey General Stores rises after RBC raises PT on solid quarterly results

Caseys General Stores

12/03/2025 17:01

Corrects company name in headline, first bullet. It was earlier refiled to add 'buzz' tag

** Casey's General Stores' CASY.O shares rise 7% to $405.12

** Brokerage RBC Capital Markets raises PT to $438 from $430

** Says Q3 inside store same-store-sales reflect solid execution of strategies to offset challenging consumer demand

** CASY continues to earn its valuation premium that reflects attractive inside-store mix, unit growth cadence, geographic concentration, strong operating expenses control, and upside from Fikes - brokerage

** Adds CASY should be able to grow revenue ahead of industry norms by leveraging its market position, digital strategy/loyalty program, food offering and speeding up unit growth

** CASY beat estimates for Q3 revenue, profit a day earlier, according to data compiled by LSEG

** CASY has risen about 1.9% YTD, including session's moves

 (Reporting by Aamir Sohail in Bengaluru)

 ((Aamir.Sohail@thomsonreuters.com;))