DAVENPORT & Co LLC Sells 3,129 Shares of Casey’s General Stores, Inc. $CASY

DAVENPORT & Co LLC cut its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,618 shares of the company’s stock after selling 3,129 shares during the quarter. DAVENPORT & Co LLC’s holdings in Casey’s General Stores were worth $52,118,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CASY. Westview Management dba Westview Investment Advisors bought a new position in shares of Casey’s General Stores during the 4th quarter valued at $4,807,000. Fulton Bank N.A. boosted its position in Casey’s General Stores by 10.4% during the fourth quarter. Fulton Bank N.A. now owns 618 shares of the company’s stock valued at $342,000 after buying an additional 58 shares during the period. True Wealth Design LLC grew its stake in shares of 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 buying an additional 42 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Casey’s General Stores by 25.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,879 shares of the company’s stock valued at $3,879,000 after buying an additional 1,385 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of Casey’s General Stores by 21.7% in the fourth quarter. Wedmont Private Capital now owns 454 shares of the company’s stock worth $260,000 after buying an additional 81 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos bought 300 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares in the company, valued at $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $689.04 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a market cap of $25.47 billion, a P/E ratio of 39.55, a P/E/G ratio of 2.21 and a beta of 0.65. 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 50-day moving average of $656.48 and a 200-day moving average of $589.56.

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

Casey’s General Stores Announces Dividend

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

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

A number of equities research analysts have recently weighed in on CASY shares. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Evercore set a $665.00 price target on Casey’s General Stores and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Wells Fargo & Company boosted their price objective on Casey’s General Stores from $725.00 to $745.00 and gave the company an “overweight” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada increased their price objective on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. Finally, UBS Group raised their target price 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. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $698.20.

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.