Casey’s Stock Target Raised as Cramer Praises It as ‘Absolute Favorite’

Core Insights - Casey's General Stores, Inc. (NASDAQ:CASY) reported Q1 2026 results with revenue of $4.57 billion, surpassing analyst expectations of $4.47 billion, and EPS exceeded consensus estimates by 15% [2] - The strong performance was driven by robust same-store sales growth and an increase of 200 stores compared to the previous year [2] - Following the positive quarter, analysts raised the price target for Casey's stock from $560 to $580, reflecting increased confidence in the company's growth prospects [3] Company Overview - Casey's General Stores, Inc. was founded in 1968 and is a major convenience store chain primarily located in the Midwestern and Southern United States [4] - The company is particularly recognized for its fresh, prepared food offerings, including its popular made-from-scratch pizzas [4] Market Sentiment - Jim Cramer labeled Casey's as his "absolute favorite under-the-radar growth stock," indicating strong market sentiment towards the company [3] - The Insider Monkey database noted that 47 hedge funds have invested in Casey's, showcasing significant confidence in its future growth [3]