WINTON GROUP Ltd Invests $1.91 Million in Casey’s General Stores, Inc. $CASY

WINTON GROUP Ltd bought a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,400 shares of the company’s stock, valued at approximately $1,907,000.

A number of other institutional investors also recently bought and sold shares of CASY. California State Teachers Retirement System raised its stake in shares of Casey’s General Stores by 106,650.8% in the second quarter. California State Teachers Retirement System now owns 46,043,774 shares of the company’s stock valued at $36,595,131,000 after acquiring an additional 46,000,642 shares during the period. BlackRock Inc. bought a new position in Casey’s General Stores during the 2nd quarter valued at about $2,759,895,000. Northwestern Mutual Wealth Management Co. raised its position in Casey’s General Stores by 179,938.2% in 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 period. Franklin Resources Inc. lifted its stake in Casey’s General Stores by 40.9% in the fourth 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. Finally, Geode Capital Management LLC boosted its position in shares of Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after buying an additional 52,250 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Trending Headlines about Casey’s General Stores

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

Insider Activity

In related news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total value of $4,777,512.00. Following the completion of the sale, the chief financial officer directly owned 29,677 shares of the company’s stock, valued at $24,874,074.32. This represents a 16.11% 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, Director Allison M. Wing sold 530 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total transaction of $443,917.40. Following the transaction, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,243 shares of company stock valued at $24,421,877. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BNP Paribas Exane reduced their price target on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $933.00 target price on shares of Casey’s General Stores in a research note on Thursday. UBS Group decreased their target price on Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating for the company in a research report on Thursday. KeyCorp lowered their target price on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, BMO Capital Markets set a $810.00 price target on shares of Casey’s General Stores in a report on Thursday. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $840.69.

Casey’s General Stores Stock Down 1.9%

Shares of NASDAQ CASY opened at $615.47 on Friday. Casey’s General Stores, Inc. has a 52-week low of $497.38 and a 52-week high of $927.85. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.05 and a beta of 0.59. The stock has a 50 day moving average price of $815.25 and a 200 day moving average price of $785.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.60 and a current ratio of 1.02.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping the consensus estimate of $6.78 by $0.59. The company 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%.Casey’s General Stores’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the business posted $5.77 EPS. Sell-side analysts expect that Casey’s General Stores, Inc. will post 21.4 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

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

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.