Casey's General Stores, Inc. (NASDAQ:CASY) Short Interest Update

Key Points

• Short interest in Casey's rose by 15.4% in April to 1,143,083 shares (about 3.1% of the stock), with a short-interest ratio of just 0.9 days, indicating low days-to-cover given current volume.
• Analysts and institutions have turned more positive—KeyCorp raised 2026–2027 EPS forecasts and a price target to $860, multiple brokerages lifted targets, the stock jumped ~5.2% to about $822 and institutional ownership stands at roughly 85.6%.
• Casey's beat Q earnings estimates with $3.49 EPS (vs. $2.94 expected) and announced a quarterly dividend of $0.57 (ex-dividend May 1, yield ~0.3%), supporting the company’s fundamental outlook.

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,143,083 shares, a growth of 15.4% from the March 31st total of 990,124 shares. Approximately 3.1% of the company's stock are short sold. Based on an average daily volume of 1,333,490 shares, the short-interest ratio is currently 0.9 days.

Key Stories Impacting Casey's General Stores

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

• Positive Sentiment: KeyCorp raised multiple 2026–2027 EPS forecasts and lifted its price target to $860, citing stronger-than-expected near-term profitability and continued store-level momentum; the firm maintains an "Overweight" rating. This professional upgrade likely triggered institutional buying and supported the rally. MarketBeat: KeyCorp Estimate Changes
• Positive Sentiment: Zacks published a bullish primer — "Is Casey's (CASY) a Solid Growth Stock? 3 Reasons to Think 'Yes'" — highlighting growth drivers that reinforce the earnings-upgrade narrative and investor confidence in multi-year EPS upside. Zacks: Is Casey's a Solid Growth Stock?
• Positive Sentiment: The Motley Fool ran a favorable overview framing Casey’s as a strong contender in the convenience-store sector, reinforcing the investment case around execution, store growth, and margin expansion — supporting retail investor interest. Fool: Casey's General Stores
• Neutral Sentiment: A broader Zacks piece recommending retailers as consumer confidence improved included Casey’s thematic exposure to resilient consumer spending and fuel demand; useful context but less direct than the analyst upgrades. Zacks: Buy Walmart and 3 More Retail Stocks

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 300 shares of the business's stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares of the company's stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of Casey's General Stores stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company's stock.

Institutional Trading of Casey's General Stores

A number of institutional investors have recently bought and sold shares of the stock. Equitable Trust Co. acquired a new stake in Casey's General Stores in the 1st quarter worth approximately $263,000. Hsbc Holdings PLC boosted its stake in Casey's General Stores by 147.0% in the 1st quarter. Hsbc Holdings PLC now owns 9,101 shares of the company's stock worth $6,613,000 after purchasing an additional 5,417 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Casey's General Stores in the 1st quarter worth approximately $33,000. Kestra Advisory Services LLC boosted its stake in Casey's General Stores by 13.2% in the 1st quarter. Kestra Advisory Services LLC now owns 14,804 shares of the company's stock worth $10,775,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its stake in Casey's General Stores by 7.9% in the 1st quarter. Money Concepts Capital Corp now owns 2,925 shares of the company's stock worth $2,129,000 after purchasing an additional 213 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Stock Up 5.2%

CASY stock opened at $822.15 on Friday. The firm has a 50 day moving average of $718.23 and a 200 day moving average of $626.97. The stock has a market capitalization of $30.39 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. Casey's General Stores has a 52 week low of $430.00 and a 52 week high of $823.61.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $4.08 billion. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. Casey's General Stores's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business earned $2.33 EPS. Sell-side analysts forecast that Casey's General Stores will post 18.16 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey's General Stores's dividend payout ratio (DPR) is 13.09%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CASY. Wells Fargo & Company lifted their price objective on shares of Casey's General Stores from $725.00 to $745.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 10th. UBS Group lifted their price objective on shares of Casey's General Stores from $600.00 to $706.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 11th. Jefferies Financial Group lifted their price objective on shares of Casey's General Stores from $700.00 to $780.00 and gave the stock a "buy" rating in a research report on Tuesday, March 10th. Wall Street Zen downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price objective on shares of Casey's General Stores in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $725.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.