Casey’s General Stores, Inc. $CASY Stake Raised by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 758,212 shares of the company’s stock after purchasing an additional 49,319 shares during the period. Franklin Resources Inc. owned approximately 2.04% of Casey’s General Stores worth $428,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CASY. Quadrant Capital Group LLC lifted its stake in Casey’s General Stores by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 2,599 shares of the company’s stock valued at $1,469,000 after purchasing an additional 33 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Casey’s General Stores by 2.0% during the third quarter. Van ECK Associates Corp now owns 28,112 shares of the company’s stock worth $15,892,000 after buying an additional 560 shares in the last quarter. Capital World Investors grew its position in Casey’s General Stores by 1.8% in the third quarter. Capital World Investors now owns 418,870 shares of the company’s stock worth $236,796,000 after buying an additional 7,428 shares during the last quarter. Fieldview Capital Management LLC grew its position in Casey’s General Stores by 92.0% in the third quarter. Fieldview Capital Management LLC now owns 7,026 shares of the company’s stock worth $3,972,000 after buying an additional 3,367 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Casey’s General Stores by 1.7% in the third quarter. Swiss National Bank now owns 72,087 shares of the company’s stock valued at $40,752,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the stock in a transaction dated Monday, January 5th. The shares were acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Stephens reaffirmed an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday. KeyCorp reaffirmed an “overweight” rating and set a $700.00 target price on shares of Casey’s General Stores in a report on Thursday, February 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a report on Wednesday, March 4th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $698.20.

Casey’s General Stores Stock Down 0.7%

CASY stock opened at $685.00 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.65. The firm has a market capitalization of $25.39 billion, a P/E ratio of 39.32, a P/E/G ratio of 2.37 and a beta of 0.65. Casey’s General Stores, Inc. has a 52-week low of $381.33 and a 52-week high of $696.66. The company’s 50 day simple moving average is $639.24 and its 200-day simple moving average is $577.87.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $2.33 EPS. The company’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: Q3 earnings: CASY reported an EPS beat and raised its FY26 profit outlook, driven by stronger inside (food/grocery) sales, improving fuel margins and margin expansion — a key reason institutions remain bullish. Earnings Report
• Positive Sentiment: Analyst upgrades: Several firms raised price targets and ratings after the quarter (Jefferies to $780/”buy”; Wells Fargo to $745/”overweight”; RBC higher target), which supports upside expectations and institutional interest. Benzinga Summary
• Positive Sentiment: Technicals & momentum: CASY hit a 52‑week high recently and flashed a “golden cross”/support signals, attracting momentum traders and reinforcing the recent run. Zacks Technical Note
• Neutral Sentiment: Capital returns: Company declared a quarterly dividend and has resumed modest buybacks, supporting long‑term shareholder returns but not large near‑term cash deployment. Press Release / Slide Deck
• Neutral Sentiment: Short interest report appears unreliable (entries show zero shares/NaN changes); no evident short squeeze pressure from published data. (Likely a data feed anomaly.)
• Negative Sentiment: Revenue miss and guidance nuance: Revenue came in below consensus, and some commentary noted that top‑line softness and a conservative revenue outlook are the immediate triggers for selling pressure despite the EPS beat. Investing.com
• Negative Sentiment: Valuation concerns: Several writeups flag a high forward P/E (~38–39x) and suggest the stock may be richly valued, which can amplify downside when revenue or traffic metrics disappoint. Seeking Alpha Analysis

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.