Casey’s General Stores, Inc. $CASY Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.0% in the 4th quarter, HoldingsChannel reports. The firm owned 688,920 shares of the company’s stock after selling 102,495 shares during the quarter. Victory Capital Management Inc.’s holdings in Casey’s General Stores were worth $380,773,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CASY. Northwestern Mutual Wealth Management Co. lifted its holdings 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 purchasing an additional 2,657,687 shares during the last quarter. Norges Bank acquired a new position in Casey’s General Stores during the fourth quarter valued at $265,163,000. Franklin Resources Inc. raised its position 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 during the period. Goldman Sachs Group Inc. raised its position in Casey’s General Stores by 175.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock valued at $260,622,000 after buying an additional 300,249 shares during the period. Finally, M&T Bank Corp raised its position in Casey’s General Stores by 15,024.5% during the fourth quarter. M&T Bank Corp now owns 193,140 shares of the company’s stock valued at $106,750,000 after buying an additional 191,863 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $895.14 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.64. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. The stock’s 50-day moving average is $801.23 and its two-hundred day moving average is $685.79. The firm has a market cap of $33.08 billion, a P/E ratio of 46.72, a PEG ratio of 2.53 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping the consensus estimate 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 company 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 firm posted $2.63 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 20.51 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be issued 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 dividend yield of 0.3%. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is currently 11.90%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CASY. Wells Fargo & Company upped their price target on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets upped their price target on Casey’s General Stores from $700.00 to $950.00 and gave the company a “market perform” rating in a research report on Thursday. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Finally, Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $899.25.

Casey’s General Stores News Roundup

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

• Positive Sentiment: JPMorgan raised its price target on Casey’s General Stores to $975 from $719, signaling improved valuation expectations even while keeping a neutral rating. Benzinga
• Positive Sentiment: Wells Fargo boosted its price target to $960 from $910 and reiterated an overweight rating, reflecting confidence in Casey’s execution and upside potential. Tickerreport.com
• Positive Sentiment: Recent coverage highlighted Casey’s as a long-term momentum stock, reinforcing the view that its business model has both growth and defensive appeal. Zacks
• Positive Sentiment: Analysts and market commentary pointed to durable margin momentum, strong inside sales, disciplined fuel operations, and store growth as reasons earnings power could keep rising into fiscal 2027. Zacks
• Positive Sentiment: The company was also highlighted for its dividend growth and shareholder-return profile, which can support investor interest during volatile markets. Zacks
• Positive Sentiment: MarketBeat commentary described Casey’s as a growth stock with defensive characteristics, supported by buybacks, cash flow generation, and guidance that investors view favorably. MarketBeat

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.