WD Rutherford LLC Sells 767 Shares of Casey’s General Stores, Inc. $CASY

WD Rutherford LLC trimmed its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.5% in the first quarter, HoldingsChannel.com reports. The fund owned 7,293 shares of the company’s stock after selling 767 shares during the quarter. Casey’s General Stores comprises about 2.3% of WD Rutherford LLC’s investment portfolio, making the stock its 12th biggest position. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $5,308,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fulton Bank N.A. grew its holdings in shares of Casey’s General Stores by 20.2% during the 1st quarter. Fulton Bank N.A. now owns 743 shares of the company’s stock worth $541,000 after purchasing an additional 125 shares in the last quarter. James Investment Research Inc. raised its stake in Casey’s General Stores by 10.5% in the first quarter. James Investment Research Inc. now owns 9,557 shares of the company’s stock valued at $6,956,000 after purchasing an additional 906 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in Casey’s General Stores during the first quarter worth about $5,571,000. SevenBridge Financial Group LLC acquired a new stake in Casey’s General Stores during the first quarter worth about $3,678,000. Finally, Midwest Financial Partners Investments Inc. bought a new position in Casey’s General Stores in the 1st quarter valued at about $404,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CASY has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 target price for the company in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Jefferies Financial Group boosted their price objective on shares of 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. Finally, Stephens set a $975.00 target price on Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average target price of $939.29.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider directly owned 6,668 shares in the company, valued at approximately $5,334,400. This represents a 23.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mike Spanos purchased 256 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of $778.81 per share, with a total value of $199,375.36. Following the purchase, the director directly owned 4,758 shares of the company’s stock, valued at approximately $3,705,577.98. The trade was a 5.69% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s reported strong quarterly results, including EPS of $4.37 versus $3.31 expected and revenue of $4.57 billion versus $4.33 billion expected, reinforcing the company’s momentum. Article Title
• Positive Sentiment: Recent coverage highlighted strong inside same-store sales growth, driven by menu innovation, value pricing, and growth in food, beverages, and merchandise. Article Title
• Positive Sentiment: The company raised its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash generation and adding income appeal. Article Title
• Positive Sentiment: Analysts remain constructive overall, with multiple firms lifting price targets and consensus still sitting at a “Moderate Buy.” Article Title
• Neutral Sentiment: Director Mike Spanos bought 256 shares, a modest insider purchase that suggests confidence but is too small to be a major catalyst. Article Title
• Neutral Sentiment: Insider selling by Katrina Lindsey and Chad Michael Frazell may weigh on sentiment, but the sales appear to be routine portfolio reductions rather than a clear change in business fundamentals. Article Title
• Negative Sentiment: News that Casey’s dropped out of key Russell indexes could create technical selling pressure from index-linked funds and help explain some of the weakness. Article Title

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $784.28 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $29.03 billion, a PE ratio of 40.93, a P/E/G ratio of 2.39 and a beta of 0.62. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. The stock has a 50-day moving average price of $820.32 and a two-hundred day moving average price of $710.44.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 18.73% and a net margin of 4.07%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $2.63 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 21.05 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm 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. The ex-dividend date is Friday, July 31st. This represents a $2.60 annualized dividend and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio is 11.90%.

Casey’s General Stores Profile

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.