Casey’s General Stores (NASDAQ:CASY) Announces Quarterly Earnings Results

Casey’s General Stores (NASDAQ:CASY) issued its quarterly earnings data on Monday. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55, Briefing.com reports. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $2.33 EPS. The business’s revenue was up .3% on a year-over-year basis.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $664.54 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The firm has a market capitalization of $24.63 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. Casey’s General Stores has a 1-year low of $372.08 and a 1-year high of $690.00. The company’s 50-day moving average is $634.03 and its 200 day moving average is $575.80.

Casey’s General Stores Announces Dividend

The company also recently disclosed 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. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is 14.02%.

Insider Activity

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were 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 owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Casey’s General Stores

Institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC lifted its stake in Casey’s General Stores by 115.9% in the fourth quarter. Corient Private Wealth LLC now owns 423,666 shares of the company’s stock worth $234,164,000 after acquiring an additional 227,403 shares during the period. Squarepoint Ops LLC grew its holdings in Casey’s General Stores by 146.4% during the 3rd quarter. Squarepoint Ops LLC now owns 157,119 shares of the company’s stock worth $88,823,000 after acquiring an additional 93,366 shares in the last quarter. Holocene Advisors LP increased its position in Casey’s General Stores by 98.2% during the 2nd quarter. Holocene Advisors LP now owns 150,075 shares of the company’s stock valued at $76,579,000 after purchasing an additional 74,371 shares during the period. Marshall Wace LLP raised its holdings in shares of Casey’s General Stores by 291.6% in the 4th quarter. Marshall Wace LLP now owns 94,681 shares of the company’s stock valued at $52,331,000 after purchasing an additional 70,504 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $38,599,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores News Summary

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

• Positive Sentiment: Q3 earnings beat and strong profit growth — Casey’s reported diluted EPS of $3.49, well above consensus, with net income up ~49% and EBITDA up ~27%, highlighting margin and operating leverage improvement. Casey’s Announces Third Quarter Results
• Positive Sentiment: Analysts revised forecasts ahead of and following the print — pre‑earnings analyst activity expected stronger Q3 results and some forecasters raised estimates, supporting upside to near‑term expectations. Casey’s Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: High-profile endorsement — Jim Cramer called Casey’s a standout convenience-store chain, which can support retail interest and sentiment. Jim Cramer on Casey’s
• Neutral Sentiment: Top-line growth was muted — revenue rose only ~0.3% year‑over‑year, so the EPS beat was driven more by margins/efficiency than sales acceleration; investors will watch same‑store sales and fuel margins for sustainability. View Press Release
• Neutral Sentiment: Short-interest data appears negligible/erroneous in the latest report, so there’s no clear bet against the name to amplify moves (no meaningful days‑to‑cover signal).
• Negative Sentiment: Valuation and recent rally raise caution — after roughly a 67% one‑year gain, some coverage asks whether the stock is stretched, which could prompt profit‑taking despite the beat. Is It Too Late To Consider Casey’s After A 67% One Year Rally?

Analyst Ratings Changes

CASY has been the topic of several recent research reports. BMO Capital Markets restated a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $530.00 price target on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research note on Thursday, January 8th. Finally, Northcoast Research cut Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $647.00.

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.