KeyBanc Highlights Prepared Foods and Energy Drink Growth at Casey’s (CASY)

With YTD returns of 54.8% as of May 5, Casey’s General Stores, Inc. (NASDAQ:CASY) is included among the 10 Best Performing Dividend Stocks So Far in 2026.

On April 24, KeyBanc raised its price recommendation on Casey’s General Stores, Inc. (NASDAQ:CASY) to $860 from $830. It reiterated an Overweight rating on the shares. The firm sees potential upside to fuel margins in the coming quarters and expects the company to provide an updated long-term algorithm similar to what it shared during its last investor day. KeyBanc believes the sector remains well positioned to benefit from consolidation, along with near-term and long-term upside in fuel margins. The firm also pointed to the nicotine mix shifting toward alternative products, as well as continued growth in prepared foods and energy drinks.

Earlier in April, Casey’s was added to the S&P 500, the index that tracks many of the largest and most influential publicly traded companies in the United States. The company said its inclusion in the S&P 500 reflects its strong financial performance, steady growth, and resilient operating model. Casey’s said these strengths have helped it provide consistent service and quality to customers across its network of more than 2,900 stores.

This marks the first time Casey’s has been included in the S&P 500 since becoming a publicly traded company in 1983.

Casey’s General Stores, Inc. (NASDAQ:CASY) and its subsidiaries operate nearly 2,900 convenience stores across 19 states. The company offers self-service fuel, grocery items, and a range of freshly prepared food products.

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