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

Townsquare Capital LLC trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,547 shares of the company’s stock after selling 551 shares during the period. Townsquare Capital LLC’s holdings in Casey’s General Stores were worth $1,408,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in CASY. Foster Dykema Cabot & Partners LLC purchased a new stake in Casey’s General Stores in the third quarter valued at $25,000. Central Pacific Bank Trust Division boosted its holdings in 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 purchasing an additional 19 shares during the last quarter. True Wealth Design LLC raised its position 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. ORG Partners LLC raised its position in Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after acquiring an additional 20 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Casey’s General Stores during the third quarter valued at approximately $35,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos acquired 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the acquisition, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Up 20.3%

Shares of CASY stock opened at $915.60 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. Casey’s General Stores, Inc. has a twelve month low of $488.91 and a twelve month high of $917.47. The stock has a 50 day moving average of $794.30 and a 200 day moving average of $681.81. The stock has a market cap of $33.84 billion, a P/E ratio of 47.79, a P/E/G ratio of 2.11 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $2.63 earnings per share. Casey’s General Stores’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 20.37 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is 13.09%.

Trending Headlines about 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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a research report on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target for the company. KeyCorp lifted their price target on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Wells Fargo & Company lifted their price target on Casey’s General Stores from $745.00 to $910.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. BMO Capital Markets reiterated a “market perform” rating and set a $700.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada lifted their price target on Casey’s General Stores from $792.00 to $794.00 and gave the company a “sector perform” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $796.91.

Casey’s General Stores 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.