Allianz Asset Management GmbH Cuts Stock Position in Casey's General Stores, Inc. $CASY

Key Points

• Allianz Asset Management cut its Casey’s General Stores position by 69.3% in the second quarter, selling 5,560 shares and retaining 2,460 shares worth approximately $1.96 million. Institutional investors collectively own 85.63% of the stock.
• Casey’s fiscal Q1 2027 results exceeded expectations, with adjusted EPS of $7.37 and revenue of $5.68 billion, up 24.3% year over year. However, inside same-store sales grew just 3.2%, disappointing investors and contributing to a post-earnings selloff.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $911.33, while the company declared a quarterly dividend of $0.65 per share. Insiders sold more than 30,000 shares worth approximately $24.4 million over the past 90 days.

Allianz Asset Management GmbH reduced its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 69.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,460 shares of the company's stock after selling 5,560 shares during the period. Allianz Asset Management GmbH's holdings in Casey's General Stores were worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CASY. Kathmere Capital Management LLC increased its position in Casey's General Stores by 3.5% during the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company's stock valued at $282,000 after acquiring an additional 13 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Casey's General Stores by 4.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company's stock valued at $221,000 after buying an additional 14 shares in the last quarter. Lincoln Capital LLC lifted its holdings in Casey's General Stores by 4.0% during the 2nd quarter. Lincoln Capital LLC now owns 366 shares of the company's stock valued at $291,000 after buying an additional 14 shares in the last quarter. Menard Financial Group LLC boosted its position in Casey's General Stores by 1.2% in the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company's stock valued at $700,000 after buying an additional 15 shares during the period. Finally, Cibc World Market Inc. boosted its position in Casey's General Stores by 0.3% in the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company's stock valued at $2,839,000 after buying an additional 16 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insider Activity

In other Casey's General Stores news, insider Katrina Lindsey sold 2,000 shares of Casey's General Stores stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider owned 6,668 shares of the company's stock, valued at approximately $5,334,400. The trade was a 23.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Allison Wing sold 530 shares of the business's stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 30,243 shares of company stock valued at $24,421,877. 0.67% of the stock is owned by corporate insiders.

More Casey's General Stores News

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

• Positive Sentiment: Casey’s reported fiscal Q1 2027 adjusted earnings of $7.37 per share, above the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. EPS increased 27.7% year over year, supported by stronger inside and fuel gross profit. Casey’s Announces First Quarter Results
• Positive Sentiment: Management maintained its full-year outlook, and analysts continued to defend the long-term investment case. Stephens reaffirmed an “overweight” rating with a $975 price target, while Wells Fargo retained an “overweight” rating despite lowering its target to $750. Casey’s is defended by analysts
• Positive Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1, signaling continued shareholder returns.
• Neutral Sentiment: UBS described the quarter as effective execution amid an uneven macroeconomic environment. The company’s revenue rose 24.3% year over year, although broader market pressure—including higher oil prices—could weigh on sentiment toward consumer and fuel-related stocks. UBS assessment of Casey’s fiscal Q1 results
• Negative Sentiment: Inside same-store sales rose only 3.2%, below investor expectations and slower than the prior year. The disappointing key sales metric overshadowed the earnings and revenue beats, raising concerns about decelerating organic growth and the company’s premium valuation. Why Casey’s stock is leading the S&P 500 lower
• Negative Sentiment: The post-earnings selloff reflects elevated expectations: investors viewed the quarterly beat as insufficient without stronger inside-store sales momentum. Wells Fargo’s reduction of its price target, although still bullish, reinforces the market’s reassessment of Casey’s near-term growth outlook.

Casey's General Stores Price Performance

CASY opened at $629.03 on Thursday. The business's 50-day moving average is $822.28 and its two-hundred day moving average is $786.58. Casey's General Stores, Inc. has a 1 year low of $497.38 and a 1 year high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The firm has a market capitalization of $23.28 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating the consensus estimate of $6.78 by $0.59. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.56 billion. Casey's General Stores had a net margin of 4.14% and a return on equity of 19.96%. The company's quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.77 earnings per share. Research analysts anticipate that Casey's General Stores, Inc. will post 21.21 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. Casey's General Stores's payout ratio is 13.57%.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. Evercore reaffirmed an "outperform" rating and set a $990.00 price target on shares of Casey's General Stores in a research note on Friday, June 12th. BMO Capital Markets raised Casey's General Stores from a "market perform" rating to an "outperform" rating and set a $950.00 price objective on the stock in a research note on Monday, June 29th. Northcoast Research upgraded Casey's General Stores from a "neutral" rating to a "buy" rating and set a $950.00 price objective on the stock in a report on Monday, July 13th. Stephens reaffirmed an "overweight" rating and set a $975.00 target price on shares of Casey's General Stores in a research report on Wednesday. Finally, Capital One Financial assumed coverage on Casey's General Stores in a report on Monday, June 22nd. They issued an "equal weight" rating and a $896.00 target price for the company. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $911.33.

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.

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