Casey’s General Stores, Inc. $CASY Position Reduced by JPMorgan Chase & Co.

Posted by Geri Gentry on Jun 11th, 2026

JPMorgan Chase & Co. cut its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 748,435 shares of the company’s stock after selling 14,110 shares during the quarter. JPMorgan Chase & Co.’s holdings in Casey’s General Stores were worth $413,668,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Syon Capital LLC lifted its stake in Casey’s General Stores by 99.3% during the fourth quarter. Syon Capital LLC now owns 3,023 shares of the company’s stock valued at $1,671,000 after buying an additional 1,506 shares in the last quarter. Capital World Investors lifted its stake in Casey’s General Stores by 1.6% during the fourth quarter. Capital World Investors now owns 425,432 shares of the company’s stock valued at $235,141,000 after buying an additional 6,562 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $89,000. Vestcor Inc lifted its position in shares of Casey’s General Stores by 81.5% in the fourth quarter. Vestcor Inc now owns 3,112 shares of the company’s stock worth $1,720,000 after purchasing an additional 1,397 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $707,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CASY. UBS Group increased their price target on shares of Casey’s General Stores from $706.00 to $805.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company increased their price target on shares of Casey’s General Stores from $745.00 to $910.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reissued a “neutral” rating and issued a $695.00 price target on shares of Casey’s General Stores in a research report on Wednesday. Stephens reissued an “overweight” rating and issued a $900.00 price target on shares of Casey’s General Stores in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $796.91.

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

Key Casey’s General Stores News

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

Positive Sentiment: Casey’s delivered Q4 diluted EPS of $4.37, well ahead of estimates, with revenue of $4.57 billion also topping forecasts. The company said net income rose 65.5% year over year and EBITDA increased 33.2%, signaling broad-based operating strength. Article Title
Positive Sentiment: Same-store sales and food service trends were strong, with management pointing to robust pizza, appetizer, side, and beverage sales as key drivers of the quarter’s outperformance. Article Title
Positive Sentiment: The company raised its quarterly dividend by 14% to $0.65 per share, which reinforces confidence in cash generation and shareholder returns. Article Title
Positive Sentiment: Several follow-up reports and commentary noted that the results were exceptional and that management’s FY27 outlook helped extend the post-earnings rally in the shares. Article Title
Neutral Sentiment: Some market commentary highlighted that the stock’s valuation is now demanding after the run-up, with one note pointing to a rich forward earnings multiple even as fundamentals improved. Article Title
Neutral Sentiment: Analysts and media coverage emphasized that the shares were already trending higher ahead of and after earnings, reflecting strong investor enthusiasm for the report and outlook. Article Title
Negative Sentiment: One risk mentioned in post-earnings analysis is exposure to fuel margin volatility and gas prices, which could pressure future results if conditions weaken. Article Title

Casey’s General Stores Price Performance

Shares of CASY opened at $915.60 on Thursday. The firm has a market cap of $33.84 billion, a PE ratio of 47.79, a PEG ratio of 2.11 and a beta of 0.61. The firm’s 50 day moving average price is $794.30 and its 200 day moving average price is $681.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a twelve month low of $488.91 and a twelve month high of $917.47.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.31 by $1.06. The firm had revenue of $4.57 billion for 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 18.96%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.63 earnings per share. As a group, research analysts expect that Casey’s General Stores, Inc. will post 20.37 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is 13.09%.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos acquired 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares in the company, valued at $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

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.