WINTON GROUP Ltd Buys Shares of 2,400 Casey’s General Stores, Inc. $CASY

WINTON GROUP Ltd purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, Holdings Channel.com reports. The firm purchased 2,400 shares of the company’s stock, valued at approximately $1,907,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of Casey’s General Stores by 106,650.8% during the 2nd quarter. California State Teachers Retirement System now owns 46,043,774 shares of the company’s stock worth $36,595,131,000 after purchasing an additional 46,000,642 shares during the last quarter. BlackRock Inc. bought a new stake in Casey’s General Stores during the second quarter valued at about $2,759,895,000. Northwestern Mutual Wealth Management Co. grew its stake in Casey’s General Stores by 179,938.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after purchasing an additional 2,657,687 shares during the last quarter. Norges Bank purchased a new position in Casey’s General Stores in the fourth quarter valued at about $265,163,000. Finally, Bank of America Corp DE bought a new position in Casey’s General Stores in the second quarter worth about $281,872,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, CFO P Jr sold 5,700 shares of Casey’s General Stores stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the completion of the sale, the chief financial officer owned 29,677 shares of the company’s stock, valued at approximately $24,874,074.32. The trade was a 16.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katrina Lindsey sold 2,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the sale, the insider owned 6,668 shares in the company, valued at approximately $5,334,400. The trade was a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,243 shares of company stock worth $24,421,877 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Casey’s General Stores Stock Down 1.9%

NASDAQ:CASY opened at $615.47 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 0.57. Casey’s General Stores, Inc. has a twelve month low of $497.38 and a twelve month high of $927.85. The company has a market cap of $22.75 billion, a PE ratio of 29.65, a P/E/G ratio of 2.05 and a beta of 0.59. The company’s 50 day moving average is $815.25 and its two-hundred day moving average is $785.11.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the company posted $5.77 earnings per share. The business’s quarterly revenue was up 24.3% on a year-over-year basis. Analysts anticipate that Casey’s General Stores, Inc. will post 21.4 EPS for the current year.

Casey’s General Stores Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a research report on Monday, July 13th. The Goldman Sachs Group set a $750.00 price target on shares of Casey’s General Stores in a report on Wednesday. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Capital One Financial began coverage on Casey’s General Stores in a report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price objective for the company. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $840.69.

Key Stories Impacting 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

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.