Casey’s General Stores, Inc. $CASY Shares Purchased by National Pension Service

National Pension Service increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3,138.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,466 shares of the company’s stock after purchasing an additional 65,383 shares during the quarter. National Pension Service’s holdings in Casey’s General Stores were worth $53,621,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CASY. Fiduciary Financial Advisors acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 1st quarter valued at approximately $33,000. Bell Investment Advisors Inc acquired a new position in shares of Casey’s General Stores in the 2nd quarter valued at $33,000. Caitlin John LLC acquired a new position in shares of Casey’s General Stores in the 2nd quarter valued at $35,000. Finally, Larson Financial Group LLC grew its holdings in shares of Casey’s General Stores by 252.4% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after purchasing an additional 53 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

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 fiscal Q1 EPS of $7.37, exceeding the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. Revenue increased 24.3% year over year. Why Did Casey’s General Stores Stock Tank This Week?
• Positive Sentiment: Management maintained its fiscal 2027 outlook, citing prepared-food traffic, fuel margins and the CEFCO remodel program as support for continued growth. CASY Q1 Earnings Call Keeps Outlook Intact on Food, Fuel Strength
• Positive Sentiment: Stephens reaffirmed its “Overweight” rating, and some analysts view the sharp selloff as a potential buying opportunity despite reducing their price targets. Stephens Reaffirms Overweight Rating
• Neutral Sentiment: UBS lowered its price target from $925 to $720 and shifted to a “Neutral” rating. Although the new target implies upside from recent trading levels, the reduction signals diminished confidence in near-term valuation expansion. Analysts Cut Forecasts After Q1 Results
• Negative Sentiment: The earnings beat failed to reassure investors because analysts broadly cut price targets after the report. Wells Fargo issued a pessimistic forecast, reinforcing concerns that expectations and Casey’s valuation remain too high even with solid operating results. Wells Fargo Issues Pessimistic Forecast
• Negative Sentiment: CASY is headed for one of its worst weekly performances in years as investors question whether the current growth plan can continue delivering at the pace implied by the stock’s prior valuation. CASY Stock Heads for Worst Week in 17 Years

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CASY. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. The Goldman Sachs Group set a $750.00 target price on shares of Casey’s General Stores in a research report on Wednesday. UBS Group lowered their target price on shares of Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $933.00 price target on shares of Casey’s General Stores in a research report on Thursday. Finally, KeyCorp reduced their price target on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating on the stock in a research note on Thursday. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $840.69.

Insider Buying and Selling

In other Casey’s General Stores news, CFO P Jr sold 5,700 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total value of $4,777,512.00. Following the completion of the transaction, the chief financial officer owned 29,677 shares in the company, valued at $24,874,074.32. The trade was a 16.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Allison Wing sold 530 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director directly owned 3,042 shares in the company, valued at $2,547,918.36. This represents a 14.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,243 shares of company stock worth $24,421,877 over the last three months. 0.67% of the stock is owned by insiders.

Casey’s General Stores Price Performance

CASY stock opened at $615.47 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $22.75 billion, a PE ratio of 29.65, a P/E/G ratio of 2.01 and a beta of 0.59. Casey’s General Stores, Inc. has a 12-month low of $497.38 and a 12-month high of $927.85. The business’s fifty day moving average price is $815.25 and its 200 day moving average price is $785.11.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating the consensus estimate of $6.78 by $0.59. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%.Casey’s General Stores’s revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.77 EPS. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 21.4 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio (DPR) is currently 12.52%.

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.