10 Stocks That Were Added to the S&P 500 Index Recently and How They Performed

6. Casey’s General Stores, Inc. (NASDAQ:CASY)

Percentage Change as of June 26: 3.32%

Number of Hedge Fund Holders: 43

Effective Date: April 9, 2026

Casey’s General Stores, Inc. (NASDAQ:CASY) has posted positive performance since its addition to the Index and ranks among the top stocks that were recently added to the S&P 500.

Casey’s General Stores, Inc. (NASDAQ:CASY) is a solid stock considering its recession-resistant business model driven by small-town dominance. Casey’s high profitability and differentiated foodservice make it a notable stock for long-term investors. On June 25, RBC Capital lifted the price target on CASY from $794 to $850, keeping its Sector Perform rating. RBC believes that the company’s 8-10% compound annual growth rate in EBITDA through FY2029 is achievable amid its strong momentum and the required investments. Casey’s General Stores’ three-year plan is to add at least 400 outlets through new-store construction and acquisitions. Casey’s CEO Darren Rebelez said that they are focusing on expansion in the food business, growing store base, and leveraging technology to enhance efficiency and execution.

Similarly, on June 25, Goldman Sachs raised the price target for CASY from $695 to $795, while maintaining its Neutral rating on the stock. Goldman Sachs holds views similar to RBC’s on Casey’s three-year EBITDA goal.

Casey’s General Stores, Inc. (NASDAQ:CASY), along with its subsidiaries, runs convenience stores across the U.S. under the Casey’s and Casey’s General Store names. The company offers various products, including food items, health and beauty, automotive products, electronic accessories, and housewares. The company was founded in 1959 and is headquartered in Ankeny, Iowa.

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