Casey’s General Stores, Inc. $CASY Position Cut by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC trimmed its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,022 shares of the company’s stock after selling 9,218 shares during the period. Casey’s General Stores makes up about 5.4% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 3rd largest holding. Hunter Perkins Capital Management LLC owned about 0.11% of Casey’s General Stores worth $23,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CASY. Steph & Co. raised its holdings in shares of Casey’s General Stores by 2.2% in the 3rd quarter. Steph & Co. now owns 819 shares of the company’s stock valued at $463,000 after buying an additional 18 shares during the period. LifeWealth Investments LLC lifted its stake in Casey’s General Stores by 2.1% during the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after acquiring an additional 18 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in Casey’s General Stores by 52.8% during the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Casey’s General Stores by 9.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock valued at $128,000 after acquiring an additional 19 shares during the period. Finally, AdvisorNet Financial Inc grew its position in Casey’s General Stores by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after acquiring an additional 20 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $714.24 on Friday. 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 company has a fifty day simple moving average of $661.41 and a 200-day simple moving average of $592.97. The stock has a market cap of $26.40 billion, a P/E ratio of 41.00, a price-to-earnings-growth ratio of 2.33 and a beta of 0.65. Casey’s General Stores, Inc. has a 12-month low of $397.80 and a 12-month high of $721.50.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share 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 analysts’ expectations 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 quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal 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 given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

Key Headlines Impacting Casey’s General Stores

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

• Positive Sentiment: Analysts/influencers raised the bar — a reported price-target lift (an ~11% raise to $736.47) increases the implied upside and likely helped buying interest. Casey’s General Stores (CASY) price target increased by 11.02% to 736.47
• Positive Sentiment: Market commentary calling CASY a continuing outperformer (citing recent weekly/monthly/YTD gains) is drawing momentum-chasing flows and supporting the rally. Wall Street Pro Thinks Casey’s General Stores Stock Will Continue to Soar
• Positive Sentiment: Zacks highlights Casey’s growth characteristics and argues the company can outperform — favorable for longer-term growth investors who value steady unit and merchandising-driven earnings expansion. 3 Reasons Growth Investors Will Love Casey’s (CASY)
• Positive Sentiment: Another Zacks write-up singles out Casey’s as a long-term growth stock using style-score analysis — adds attention from retail and momentum-oriented investors. Why Casey’s General Stores (CASY) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: JPMorgan officially initiated coverage with a Neutral rating — that caps enthusiasm somewhat because it signals the bank sees more limited near-term upside despite the company’s strengths. JP Morgan Initiates Coverage of Casey’s General Stores (CASY) with Neutral Recommendation
• Neutral Sentiment: Coverage write-ups note JPMorgan is conducting a valuation review and set a modest price target (~$719 in some reports), which suggests the bank views the stock as fairly valued at current levels. Casey’s (NASDAQ:CASY) JPMorgan Coverage Signals Valuation Review
• Neutral Sentiment: Summary coverage pieces (Benzinga/AOL) echo the mixed take: bullish momentum and growth attributes versus cautious analyst positioning — useful context but not new fundamental data. Benzinga coverage note

Analyst Ratings Changes

CASY has been the topic of a number of recent research reports. KeyCorp reiterated an “overweight” rating and set a $700.00 price target on shares of Casey’s General Stores in a research note on Thursday, February 12th. UBS Group raised their price objective on shares of Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Stephens restated an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. started coverage on shares of Casey’s General Stores in a research report on Thursday. They issued a “neutral” rating and a $719.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $700.09.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 300 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was purchased 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 directly owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.54% of the company’s stock.

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.