Fifth Third Wealth Advisors LLC lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 25.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,331 shares of the company’s stock after selling 1,135 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Casey’s General Stores were worth $2,425,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Casey’s General Stores by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $720,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $1,338,000. Burns J W & Co. Inc. NY lifted its holdings in shares of Casey’s General Stores by 103.5% in 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 in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Casey’s General Stores by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 140,491 shares of the company’s stock valued at $77,651,000 after buying an additional 3,553 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on CASY shares. Jefferies Financial Group increased their price target on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. William Blair began coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating on the stock. The Goldman Sachs Group upped their target price on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group increased their target price on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Finally, KeyCorp raised their price target on shares of Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $939.29.
Casey’s General Stores Stock Down 2.1%
CASY stock opened at $784.71 on Friday. The stock’s fifty day simple moving average is $817.50 and its two-hundred day simple moving average is $703.87. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year high of $927.85. The stock has a market cap of $29.04 billion, a P/E ratio of 40.96, a P/E/G ratio of 2.41 and a beta of 0.61.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the company earned $2.63 EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts expect that Casey’s General Stores, Inc. will post 21.05 EPS for the current year.
Casey’s General Stores Increases Dividend
The business also recently declared 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 is Friday, July 31st. This is an increase 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 dividend payout ratio (DPR) is currently 11.90%.
Casey’s General Stores News Roundup
Here are the key news stories impacting Casey’s General Stores this week:
- Positive Sentiment: Casey’s unveiled a new three-year strategic plan centered on food growth, store expansion, and technology-driven productivity improvements, reinforcing the company’s long-term growth story. Casey’s Announces New Three-Year Strategic Plan
- Positive Sentiment: Zacks Research raised multiple earnings estimates for Casey’s across fiscal 2027-2029, signaling confidence in the company’s food, fuel, and store-growth momentum. Casey’s Unveils Three-Year Plan Focusing on Growth and Productivity
- Positive Sentiment: The stock was highlighted on momentum and low-leverage stock screens, which may be helping investor interest in the name. Best Momentum Stocks to Buy for June 24th
- Neutral Sentiment: BNP Paribas Exane lowered its price target on Casey’s to $995 from $1,032, but kept an outperform rating, so the note was still constructive overall. BNP Paribas Exane price target update
- Neutral Sentiment: Recent short-interest data showed essentially no short position, suggesting little bearish conviction but also limiting any short-squeeze narrative. Casey’s General Stores stock page
- Negative Sentiment: Some commentary questioned whether CASY’s strong recent run has already priced in much of the upside, which could temper enthusiasm at current levels. Casey’s General Stores stock after 59% yearly gain
About Casey’s General Stores
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.
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