DAVENPORT & Co LLC Reduces Stake in Casey’s General Stores, Inc. $CASY

DAVENPORT & Co LLC lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,618 shares of the company’s stock after selling 3,129 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.25% of Casey’s General Stores worth $52,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Casey’s General Stores during the third quarter valued at about $25,000. Westside Investment Management Inc. boosted its position in shares of Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after acquiring an additional 23 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC grew its stake in Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Casey’s General Stores during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors 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: Q3 earnings beat and analyst optimism — Casey’s reported a stronger-than-expected quarter (about a 49.8% EPS jump cited by coverage) and Stephens highlighted “momentum across the board,” lifting the stock’s quality ranking and investor sentiment. Casey’s Q3 earnings beat fuels stock’s quality rank surge
• Positive Sentiment: Long-term investor interest — Zacks highlighted CASY as a top stock for long-term investors, reinforcing positive institutional/retail narratives that can support multiple buyers over time. Why Casey’s is a Top Stock for the Long-Term
• Neutral Sentiment: Analyst estimates updated — Research notes have refreshed FY2026 earnings expectations for CASY; these analyst projections can influence forward guidance interpretation but are not a direct catalyst by themselves. Research Analysts Set Expectations for CASY FY2026 Earnings
• Neutral Sentiment: Conflicting short-interest reports in data feeds — multiple entries show zero/NaN short interest from some sources, indicating possible reporting anomalies that may confuse short-interest interpretation until official filings stabilize.
• Negative Sentiment: Notable rise in short interest — As of March 13 short interest was reported at 945,663 shares, up ~37.3% vs. Feb. 26, representing ~2.6% of float and a ~1.7 days-to-cover figure. Increased shorting can add downward pressure or volatility if sentiment shifts or if catalysts disappoint.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group upped their price target on shares of Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Wells Fargo & Company increased their price objective on Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. Finally, KeyCorp reissued an “overweight” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $698.20.

Insider Activity at Casey’s General Stores

In other news, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction on Monday, January 5th. The stock was purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos acquired 300 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by insiders.

Casey’s General Stores Trading Up 1.8%

Shares of Casey’s General Stores stock opened at $689.04 on Wednesday. Casey’s General Stores, Inc. has a 1 year low of $397.80 and a 1 year high of $696.66. The firm has a market cap of $25.47 billion, a PE ratio of 39.55, a PEG ratio of 2.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The company has a 50 day simple moving average of $656.48 and a two-hundred day simple moving average of $589.56.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 EPS. Analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is 13.09%.

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.