Casey’s General Stores, Inc. $CASY Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,784 shares of the company’s stock after selling 1,205 shares during the period. WealthPLAN Partners LLC’s holdings in Casey’s General Stores were worth $4,855,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Casey’s General Stores by 179,938.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after purchasing an additional 2,657,687 shares during the period. Norges Bank acquired a new stake in Casey’s General Stores during the 4th quarter worth about $265,163,000. Franklin Resources Inc. lifted its stake in Casey’s General Stores by 40.9% during the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after buying an additional 310,470 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Casey’s General Stores by 175.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock worth $260,622,000 after buying an additional 300,249 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Casey’s General Stores by 35.4% in the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after buying an additional 206,777 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $916.28 on Friday. The company’s fifty day moving average is $798.07 and its 200-day moving average is $684.31. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. The firm has a market cap of $33.87 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. The company has a quick ratio of 0.64, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.63 EPS. Equities 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 business also recently announced 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. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s payout ratio is presently 11.90%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. KeyCorp lifted their price objective on shares of Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Stephens reaffirmed an “overweight” rating and issued a $900.00 target price on shares of Casey’s General Stores in a research report on Wednesday. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, William Blair began coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They set an “outperform” rating on the stock. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $865.42.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s Q4 results beat estimates by a wide margin, with EPS of $4.37 versus $3.31 expected and revenue above forecasts, reinforcing the view that operating momentum remains strong. Article Title
• Positive Sentiment: The company raised its quarterly dividend by 14% to $0.65 per share, signaling confidence in cash flow and shareholder returns. Article Title
• Positive Sentiment: Wells Fargo lifted its price target to $960 and reiterated an overweight rating, suggesting more upside after the stock’s strong run. Article Title
• Positive Sentiment: Commentary around the earnings call highlighted durable margin momentum, with management saying inside sales, fuel discipline, and store growth can support further EBITDA gains into fiscal 2027. Article Title
• Neutral Sentiment: Several articles framed Casey’s as a strong long-term grocery/convenience-store operator, but these were mostly valuation or sector-comparison pieces rather than new catalysts. Article Title
• Neutral Sentiment: Some analysis noted the stock is not cheap after the post-earnings rally, with commentary pointing to a rich earnings multiple even as fundamentals remain strong. Article Title

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.