James Investment Research Inc. Grows Stake in Casey’s General Stores, Inc. $CASY

James Investment Research Inc. raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,557 shares of the company’s stock after purchasing an additional 906 shares during the period. James Investment Research Inc.’s holdings in Casey’s General Stores were worth $6,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Casey’s General Stores by 179,938.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after buying an additional 2,657,687 shares during the period. Norges Bank purchased a new stake in Casey’s General Stores in the fourth quarter worth about $265,163,000. Franklin Resources Inc. grew its holdings in Casey’s General Stores by 40.9% during the 4th quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock worth $590,671,000 after acquiring an additional 310,470 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Casey’s General Stores by 175.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock valued at $260,622,000 after purchasing an additional 300,249 shares during the period. Finally, Corient Private Wealth LLC increased its position in Casey’s General Stores by 115.9% during the 4th quarter. Corient Private Wealth LLC now owns 423,666 shares of the company’s stock valued at $234,164,000 after purchasing an additional 227,403 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores News Summary

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CASY. Royal Bank Of Canada boosted their price objective on shares of Casey’s General Stores from $794.00 to $850.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 25th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price target on Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Finally, UBS Group boosted their price target on Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $939.29.

Casey’s General Stores Stock Performance

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

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the company earned $2.63 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 dividend on an annualized basis 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 payout ratio is 11.90%.

Insiders Place Their Bets

In other news, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction 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 sale, the insider owned 6,668 shares in the company, valued at $5,334,400. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the transaction, the insider directly owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is currently owned by insiders.

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.