Benjamin Edwards Inc. Cuts Holdings in Casey's General Stores, Inc. $CASY

Key Points

• Benjamin Edwards Inc. trimmed holdings in Casey's by 1.9% to 130,604 shares (about 0.35% of CASY, ~$72.2M), with the position representing 0.8% of the firm's portfolio as its 18th largest holding.
• Analysts have turned more bullish—Evercore, Wells Fargo and RBC lifted targets (Evercore $780, Wells $745, RBC $713) and Zacks upgraded to a strong‑buy, leaving a MarketBeat consensus of "Moderate Buy" and an average target of $725.09 as CASY trades near its 12‑month high (~$836).
• Mixed insider activity and solid quarter: director Mike Spanos bought 300 shares at $665.43 while insider Katrina Lindsey sold 200 at $683.04; the company beat EPS estimates ($3.49 vs. $2.94), slightly missed revenue, and announced a $0.57 quarterly dividend (0.3% yield).

Benjamin Edwards Inc. trimmed its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,604 shares of the company's stock after selling 2,485 shares during the period. Casey's General Stores comprises 0.8% of Benjamin Edwards Inc.'s investment portfolio, making the stock its 18th biggest holding. Benjamin Edwards Inc. owned approximately 0.35% of Casey's General Stores worth $72,203,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Casey's General Stores during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. raised its stake in shares of Casey's General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company's stock worth $26,000 after buying an additional 23 shares in the last quarter. True Wealth Design LLC grew its position in Casey's General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company's stock worth $30,000 after buying an additional 42 shares during the period. Central Pacific Bank Trust Division grew its position in Casey's General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company's stock worth $30,000 after buying an additional 19 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in Casey's General Stores during the third quarter worth about $33,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 200 shares of the firm's 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 sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 300 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the transaction, the director owned 4,499 shares of the company's stock, valued at $2,993,769.57. The trade was a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by company insiders.

Key Casey's General Stores News

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

• Positive Sentiment: KeyCorp raised several quarterly and annual EPS forecasts and reiterated an Overweight rating with an $860 price target — lifting Q4 2026, Q1/Q3/Q4 2027 and FY2026/FY2027 estimates (e.g., FY2027 to $20.40). The analyst upgrades tighten forward earnings expectations and support a higher valuation for CASY. MarketBeat - Casey's General Stores (CASY)
• Positive Sentiment: Yahoo Finance piece outlines how Casey’s investment story is shifting as analyst targets and the valuation narrative move higher — reinforces the idea that upgrades and higher targets are changing investor positioning. How The Casey’s (CASY) Investment Story Is Shifting With New Analyst Targets And Valuation Narrative
• Positive Sentiment: The Motley Fool highlighted Casey's as "a strong contender" in the convenience-store sector, emphasizing its business model, management track record and financials — supportive coverage for longer‑term growth investors. Casey's General Stores: A Strong Contender in the Convenience Store Sector
• Positive Sentiment: Zacks published a bullish take ("3 Reasons to Think 'Yes'") spotlighting growth attributes that could drive exceptional returns — another piece of positive third‑party validation. Is Casey's (CASY) a Solid Growth Stock? 3 Reasons to Think "Yes"
• Neutral Sentiment: Consensus forward earnings remain elevated (MarketBeat/analyst consensus ~ $18.10–18.37 for FY2026), so upside depends on execution and same‑store sales, fuel margins and M&A/integration performance — positive headlines boost sentiment, but fundamentals will need to catch up to justify higher multiples. MarketBeat - Casey's General Stores (CASY)

Analyst Ratings Changes

CASY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey's General Stores in a research report on Thursday, January 8th. Evercore restated an "outperform" rating and set a $780.00 target price on shares of Casey's General Stores in a research report on Tuesday, April 21st. Wells Fargo & Company upped their target price 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. Royal Bank Of Canada upped their target price on shares of Casey's General Stores from $662.00 to $713.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Casey's General Stores from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $725.09.

Casey's General Stores Stock Up 1.7%

CASY stock opened at $835.92 on Friday. The company's 50 day simple moving average is $718.23 and its 200-day simple moving average is $626.97. The firm has a market capitalization of $30.90 billion, a PE ratio of 47.99, a P/E/G ratio of 2.67 and a beta of 0.65. Casey's General Stores, Inc. has a 12 month low of $430.00 and a 12 month high of $836.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64.

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

Casey's General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.57 per share. 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%.

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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