Assenagon Asset Management S.A. Invests $1.85 Million in Casey’s General Stores, Inc. $CASY

Posted by Francis Steltz on Jul 2nd, 2026

Assenagon Asset Management S.A. bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) in the first quarter, HoldingsChannel reports. The firm bought 2,541 shares of the company’s stock, valued at approximately $1,849,000.

Several other hedge funds also recently made changes to their positions in CASY. Burns J W & Co. Inc. NY lifted its holdings in shares of Casey’s General Stores by 103.5% during the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,245 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in Casey’s General Stores during the 1st quarter valued at approximately $52,000. Stonebridge Financial Group LLC MO bought a new position in Casey’s General Stores during the 1st quarter valued at approximately $219,000. Summit Wealth Partners LLC purchased a new position in Casey’s General Stores during the first quarter valued at $348,000. Finally, First Merchants Corp raised its stake in Casey’s General Stores by 1.1% during the first quarter. First Merchants Corp now owns 3,480 shares of the company’s stock valued at $2,533,000 after buying an additional 37 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Key Stories Impacting Casey’s General Stores

Here are the key news stories impacting Casey’s General Stores this week:

Positive Sentiment: Casey’s reported strong quarterly results, including EPS of $4.37 versus $3.31 expected and revenue of $4.57 billion versus $4.33 billion expected, reinforcing the company’s momentum. Article Title
Positive Sentiment: Recent coverage highlighted strong inside same-store sales growth, driven by menu innovation, value pricing, and growth in food, beverages, and merchandise. Article Title
Positive Sentiment: The company raised its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash generation and adding income appeal. Article Title
Positive Sentiment: Analysts remain constructive overall, with multiple firms lifting price targets and consensus still sitting at a “Moderate Buy.” Article Title
Neutral Sentiment: Director Mike Spanos bought 256 shares, a modest insider purchase that suggests confidence but is too small to be a major catalyst. Article Title
Neutral Sentiment: Insider selling by Katrina Lindsey and Chad Michael Frazell may weigh on sentiment, but the sales appear to be routine portfolio reductions rather than a clear change in business fundamentals. Article Title
Negative Sentiment: News that Casey’s dropped out of key Russell indexes could create technical selling pressure from index-linked funds and help explain some of the weakness. Article Title

Analyst Upgrades and Downgrades

CASY has been the topic of several analyst reports. Wolfe Research reissued an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a report on Thursday, June 11th. Capital One Financial initiated coverage on Casey’s General Stores in a report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price target for the company. Stephens set a $975.00 price target on shares of Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. UBS Group upped their price target on shares of Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Finally, BNP Paribas Exane cut their price objective on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $939.29.

Check Out Our Latest Research Report on Casey’s General Stores

Insider Buying and Selling

In related news, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction on Friday, June 26th. The stock was acquired at an average price of $778.81 per share, with a total value of $199,375.36. Following the completion of the acquisition, the director owned 4,758 shares of the company’s stock, valued at approximately $3,705,577.98. This trade represents a 5.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the sale, the insider owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. The trade was a 23.47% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by insiders.

Casey’s General Stores Price Performance

CASY opened at $784.28 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a market capitalization of $29.03 billion, a P/E ratio of 40.93, a P/E/G ratio of 2.39 and a beta of 0.62. The company’s 50-day simple moving average is $820.32 and its two-hundred day simple moving average is $710.44.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.63 EPS. As a group, analysts predict that Casey’s General Stores, Inc. will post 21.05 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a dividend of $0.65 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

Casey’s General Stores Profile

(Free Report)

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report).

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.