Townsquare Capital LLC Decreases Stock Holdings in Casey’s General Stores, Inc. $CASY

Townsquare Capital LLC reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,547 shares of the company’s stock after selling 551 shares during the quarter. Townsquare Capital LLC’s holdings in Casey’s General Stores were worth $1,408,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CASY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Casey’s General Stores by 179,938.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock worth $1,469,747,000 after purchasing an additional 2,657,687 shares during the last quarter. Norges Bank purchased a new stake in shares of Casey’s General Stores during the 4th quarter worth $265,163,000. Franklin Resources Inc. lifted its stake in shares of 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 purchasing an additional 310,470 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 worth $260,622,000 after purchasing an additional 300,249 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Casey’s General Stores by 35.4% during the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after purchasing an additional 206,777 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mike Spanos acquired 300 shares of Casey’s General Stores stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares in the company, valued at $2,993,769.57. This trade represents a 7.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CASY. Evercore restated an “outperform” rating and set a $915.00 price objective on shares of Casey’s General Stores in a research note on Monday, May 18th. Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. William Blair assumed coverage on Casey’s General Stores in a research note on Wednesday, May 20th. They set an “outperform” rating for the company. JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a research note on Thursday, March 26th. They issued a “neutral” rating and a $719.00 price target for the company. Finally, Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $796.91.

Casey’s General Stores Trading Up 20.3%

Casey’s General Stores stock opened at $915.60 on Thursday. The stock has a 50-day moving average of $794.30 and a two-hundred day moving average of $681.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a one year low of $488.91 and a one year high of $917.47. The stock has a market cap of $33.84 billion, a PE ratio of 47.79, a price-to-earnings-growth ratio of 2.11 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last released 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. Casey’s General Stores had a return on equity of 18.96% and a net margin of 4.07%.The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business posted $2.63 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 20.37 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be paid a $0.65 dividend. The ex-dividend date is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: Casey’s delivered Q4 diluted EPS of $4.37, well ahead of estimates, with revenue of $4.57 billion also topping forecasts. The company said net income rose 65.5% year over year and EBITDA increased 33.2%, signaling broad-based operating strength. Article Title
• Positive Sentiment: Same-store sales and food service trends were strong, with management pointing to robust pizza, appetizer, side, and beverage sales as key drivers of the quarter’s outperformance. Article Title
• Positive Sentiment: The company raised its quarterly dividend by 14% to $0.65 per share, which reinforces confidence in cash generation and shareholder returns. Article Title
• Positive Sentiment: Several follow-up reports and commentary noted that the results were exceptional and that management’s FY27 outlook helped extend the post-earnings rally in the shares. Article Title
• Neutral Sentiment: Some market commentary highlighted that the stock’s valuation is now demanding after the run-up, with one note pointing to a rich forward earnings multiple even as fundamentals improved. Article Title
• Neutral Sentiment: Analysts and media coverage emphasized that the shares were already trending higher ahead of and after earnings, reflecting strong investor enthusiasm for the report and outlook. Article Title
• Negative Sentiment: One risk mentioned in post-earnings analysis is exposure to fuel margin volatility and gas prices, which could pressure future results if conditions weaken. Article Title

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.