Amundi Purchases 83,719 Shares of Casey's General Stores, Inc. $CASY

Key Points

• Amundi increased its Casey’s General Stores position by 242.1% in the second quarter, acquiring 83,719 additional shares for a total holding of 118,299 shares. Institutional investors collectively own 85.63% of the company.
• Casey’s reported quarterly earnings of $7.37 per share and revenue of $5.68 billion, beating analyst expectations, while revenue rose 24.3% year over year. However, shares fell 14.2% as inside same-store sales growth of 3.2% disappointed investors.
• The company declared a quarterly dividend of $0.65 per share, equal to $2.60 annually and a 0.4% yield. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $911.33.

Amundi raised its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 242.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,299 shares of the company's stock after acquiring an additional 83,719 shares during the quarter. Amundi owned approximately 0.32% of Casey's General Stores worth $94,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its position in Casey's General Stores by 6.4% during the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company's stock worth $812,000 after buying an additional 113 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Casey's General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company's stock valued at $81,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Casey's General Stores by 431.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock valued at $111,000 after purchasing an additional 177 shares during the last quarter. Jump Financial LLC lifted its holdings in Casey's General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company's stock valued at $494,000 after purchasing an additional 289 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in Casey's General Stores by 14.8% during the second quarter. Bank of Nova Scotia now owns 1,493 shares of the company's stock worth $762,000 after purchasing an additional 193 shares during the period. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Down 14.2%

Shares of NASDAQ:CASY opened at $629.03 on Thursday. The business's 50 day simple moving average is $822.28 and its 200 day simple 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 company has a market capitalization of $23.28 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.50 and a beta of 0.59.

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

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be given a $0.65 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 13.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CASY. Zacks Research cut shares of Casey's General Stores from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 5th. BNP Paribas Exane decreased their price target on shares of Casey's General Stores from $1,032.00 to $995.00 and set an "outperform" rating on the stock in a research note on Thursday, June 25th. 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. Evercore restated an "outperform" rating and set a $990.00 price objective on shares of Casey's General Stores in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft set a $927.00 price objective on shares of Casey's General Stores in a research report on Friday, September 4th. Fourteen 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 MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and an average price target of $911.33.

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 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.

Insiders Place Their Bets

In related news, Director Allison Wing sold 530 shares of the business's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the completion of the transaction, the director owned 3,042 shares of the company's stock, valued at $2,547,918.36. The trade was a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad Frazell sold 3,013 shares of the company's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the sale, the insider directly owned 9,823 shares of the company's stock, valued at $7,735,514.27. This represents a 23.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,243 shares of company stock valued at $24,421,877 over the last 90 days. 0.67% of the stock is owned by company insiders.

Casey's General Stores Company 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.

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