Casey’s General Stores, Inc. $CASY Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.6% during the second quarter, Holdings Channel reports. The institutional investor owned 11,747 shares of the company’s stock after selling 2,166 shares during the quarter. HighTower Advisors LLC’s holdings in Casey’s General Stores were worth $9,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kathmere Capital Management LLC raised its position in Casey’s General Stores by 3.5% during the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock valued at $282,000 after acquiring an additional 13 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in Casey’s General Stores by 4.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock worth $221,000 after purchasing an additional 14 shares in the last quarter. Lincoln Capital LLC boosted its position in Casey’s General Stores by 4.0% in the 2nd quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock worth $291,000 after purchasing an additional 14 shares in the last quarter. Menard Financial Group LLC grew its stake in shares of Casey’s General Stores by 1.2% during the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after purchasing an additional 15 shares during the period. Finally, Cibc World Market Inc. grew its stake in shares of Casey’s General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock worth $2,839,000 after purchasing an additional 16 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Down 0.2%

Casey’s General Stores stock opened at $627.64 on Friday. The stock has a market capitalization of $23.20 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 2.13 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 has a 50 day simple moving average of $818.89 and a 200-day simple moving average of $786.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.60.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%.The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter last year, the firm posted $5.77 EPS. The business’s revenue was up 24.3% on a year-over-year basis. On average, analysts anticipate that Casey’s General Stores, Inc. will post 21.26 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 13.57%.

Insider Activity at Casey’s General Stores

In other news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the completion of the sale, the chief financial officer owned 29,677 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 2,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the transaction, the insider owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 in the last three months. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the subject of several recent research reports. Weiss Ratings lowered shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lowered their price target on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $933.00 price objective on shares of Casey’s General Stores in a report on Thursday. Finally, William Blair began coverage on shares of Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating for the company. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $854.12.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: Casey’s reported fiscal Q1 2027 earnings of $7.37 per share and revenue of $5.68 billion, exceeding analyst estimates of $6.78 per share and approximately $5.57 billion in revenue. Inside gross profit and fuel margins helped offset higher costs. CASY Q1 Earnings Beat Estimates on Inside and Fuel Gains
• Positive Sentiment: Management maintained its fiscal 2027 outlook. Prepared-food traffic, fuel margins and planned CEFCO store remodels continue to support the company’s growth strategy. CASY Q1 Earnings Call Keeps Outlook Intact
• Positive Sentiment: Several analysts remain constructive despite the post-earnings selloff. Stephens reaffirmed an overweight rating with a $975 price target, while Wells Fargo retained an overweight rating with a reduced $750 target. Casey’s Beats on Both Lines in Q1
• Neutral Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The dividend provides modest income support, with an annualized yield of about 0.4%.
• Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior reported period; the accompanying percentage change was not meaningful. This suggests short covering is not a factor in the recent move.
• Negative Sentiment: Inside same-store sales increased 3.2%, below investor expectations. The weaker key sales metric overshadowed the earnings and revenue beats and raised concerns about slowing customer demand. Casey’s shares slide despite earnings beat
• Negative Sentiment: Analysts cut price targets following the results, including UBS, which lowered its target from $925 to $720 and adopted a neutral rating. The reductions indicate that valuation and growth expectations remain significant concerns despite the company’s solid execution. Analysts Cut Their Forecasts on Casey’s

Casey’s General Stores Company 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.