Tidal Investments LLC Has $4.41 Million Stock Position in Casey’s General Stores, Inc. $CASY

Tidal Investments LLC cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 22.9% in the second quarter, Holdings Channel reports. The firm owned 5,554 shares of the company’s stock after selling 1,652 shares during the quarter. Tidal Investments LLC’s holdings in Casey’s General Stores were worth $4,414,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service boosted its holdings in Casey’s General Stores by 3,138.9% during the second quarter. National Pension Service now owns 67,466 shares of the company’s stock worth $53,621,000 after buying an additional 65,383 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Casey’s General Stores in the second quarter valued at about $1,907,000. Engineers Gate Manager LP grew its stake in shares of Casey’s General Stores by 188.3% during the 2nd quarter. Engineers Gate Manager LP now owns 1,534 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,002 shares in the last quarter. Cidel Asset Management Inc. acquired a new stake in Casey’s General Stores in the 2nd quarter valued at $201,000. Finally, NewEdge Advisors LLC grew its stake in Casey’s General Stores by 33.1% in the second quarter. NewEdge Advisors LLC now owns 2,523 shares of the company’s stock valued at $2,005,000 after purchasing an additional 628 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s reported fiscal Q1 EPS of $7.37, exceeding the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. Revenue increased 24.3% year over year. Why Did Casey’s General Stores Stock Tank This Week?
• Positive Sentiment: Management maintained its fiscal 2027 outlook, citing prepared-food traffic, fuel margins and the CEFCO remodel program as support for continued growth. CASY Q1 Earnings Call Keeps Outlook Intact on Food, Fuel Strength
• Positive Sentiment: Stephens reaffirmed its “Overweight” rating, and some analysts view the sharp selloff as a potential buying opportunity despite reducing their price targets. Stephens Reaffirms Overweight Rating
• Neutral Sentiment: UBS lowered its price target from $925 to $720 and shifted to a “Neutral” rating. Although the new target implies upside from recent trading levels, the reduction signals diminished confidence in near-term valuation expansion. Analysts Cut Forecasts After Q1 Results
• Negative Sentiment: The earnings beat failed to reassure investors because analysts broadly cut price targets after the report. Wells Fargo issued a pessimistic forecast, reinforcing concerns that expectations and Casey’s valuation remain too high even with solid operating results. Wells Fargo Issues Pessimistic Forecast
• Negative Sentiment: CASY is headed for one of its worst weekly performances in years as investors question whether the current growth plan can continue delivering at the pace implied by the stock’s prior valuation. CASY Stock Heads for Worst Week in 17 Years

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. KeyCorp cut their price objective on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company 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 note on Friday, June 5th. Stephens set a $750.00 price target on shares of Casey’s General Stores in a research report on Thursday. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, William Blair initiated coverage on Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $840.69.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $615.47 on Monday. The stock’s 50 day moving average is $815.25 and its 200 day moving average is $785.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. Casey’s General Stores, Inc. has a one year low of $497.38 and a one year high of $927.85. The firm has a market cap of $22.75 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.01 and a beta of 0.59.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%.The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.77 EPS. As a group, research analysts expect that Casey’s General Stores, Inc. will post 21.4 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio is 12.52%.

Insiders Place Their Bets

In related news, insider Katrina 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 transaction of $1,600,000.00. Following the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Also, CFO P Jr sold 5,700 shares of the stock in a transaction dated Wednesday, July 8th. The stock was 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 directly owned 29,677 shares in the company, valued at approximately $24,874,074.32. The trade was a 16.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,243 shares of company stock worth $24,421,877 in the last ninety days. 0.67% of the stock is owned by corporate insiders.

About Casey’s General Stores

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.