Analysts at Berenberg Bank provided their views on Casey's General Stores, Inc. (NASDAQ:CASY) following the recent shares underperformance since the reporting of Q2 results on Dec 7.

With the company seeing tailwinds from a growing rewards program and nascent digital and private label businesses, the analysts remain ahead of consensus earnings estimates (Despite continued expense pressures, consensus 2022 EBITDA estimates have increased 7% since late August), which seem to underestimate the durability of the company’s earnings power. The analysts encourage investors to continue accumulating shares of the company.