Casey's General Stores, Inc. $CASY Position Increased by Capital World Investors

Key Points

• Capital World Investors raised its stake in Casey’s by 1.8% to 418,870 shares (about 1.13% of the company), worth approximately $236.8 million, reflecting continued institutional interest.
• Casey’s beat Q3 EPS estimates ($3.49 vs. $2.94) and raised its FY26 profit outlook, sparking analyst upgrades and momentum that pushed the stock to a 52‑week high driven by stronger inside (food/grocery) sales and improving margins.
• However, revenue missed consensus ($3.92B vs. $4.08B) and the stock trades at a high forward P/E (~38–39x), which could amplify downside if top‑line trends weaken; the company also declared a $0.57 quarterly dividend.

Capital World Investors boosted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 418,870 shares of the company's stock after buying an additional 7,428 shares during the quarter. Capital World Investors owned 1.13% of Casey's General Stores worth $236,796,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Casey's General Stores during the 3rd quarter valued at $25,000. Westside Investment Management Inc. grew its holdings in shares of Casey's General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company's stock worth $26,000 after acquiring an additional 23 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Casey's General Stores during the third quarter worth $33,000. Cornerstone Planning Group LLC raised its position in shares of Casey's General Stores by 490.9% during the third quarter. Cornerstone Planning Group LLC now owns 65 shares of the company's stock worth $34,000 after purchasing an additional 54 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Casey's General Stores during the second quarter valued at $45,000. Institutional investors own 85.63% of the company's stock.

Insider Activity

In other news, Director Moats Maria Castanon acquired 300 shares of Casey's General Stores stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Casey's General Stores News Summary

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

• Positive Sentiment: Q3 earnings: CASY reported an EPS beat and raised its FY26 profit outlook, driven by stronger inside (food/grocery) sales, improving fuel margins and margin expansion — a key reason institutions remain bullish. Earnings Report
• Positive Sentiment: Analyst upgrades: Several firms raised price targets and ratings after the quarter (Jefferies to $780/"buy"; Wells Fargo to $745/"overweight"; RBC higher target), which supports upside expectations and institutional interest. Benzinga Summary
• Positive Sentiment: Technicals & momentum: CASY hit a 52‑week high recently and flashed a "golden cross"/support signals, attracting momentum traders and reinforcing the recent run. Zacks Technical Note
• Neutral Sentiment: Capital returns: Company declared a quarterly dividend and has resumed modest buybacks, supporting long‑term shareholder returns but not large near‑term cash deployment. Press Release / Slide Deck
• Neutral Sentiment: Short interest report appears unreliable (entries show zero shares/NaN changes); no evident short squeeze pressure from published data. (Likely a data feed anomaly.)
• Negative Sentiment: Revenue miss and guidance nuance: Revenue came in below consensus, and some commentary noted that top‑line softness and a conservative revenue outlook are the immediate triggers for selling pressure despite the EPS beat. Investing.com
• Negative Sentiment: Valuation concerns: Several writeups flag a high forward P/E (~38–39x) and suggest the stock may be richly valued, which can amplify downside when revenue or traffic metrics disappoint. Seeking Alpha Analysis

Casey's General Stores Stock Performance

Shares of CASY opened at $685.00 on Thursday. The company's 50 day moving average price is $639.24 and its 200 day moving average price is $577.87. Casey's General Stores, Inc. has a 52 week low of $381.33 and a 52 week high of $696.66. The company has a market capitalization of $25.39 billion, a PE ratio of 39.32, a PEG ratio of 2.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 1.04.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (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 the consensus estimate 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 revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 EPS. Research analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CASY shares. UBS Group set a $706.00 price target on Casey's General Stores in a research report on Wednesday. Weiss Ratings reiterated a "buy (b)" rating on shares of Casey's General Stores in a report on Monday, December 29th. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Monday, March 2nd. BMO Capital Markets restated a "market perform" rating and set a $700.00 price target on shares of Casey's General Stores in a report on Wednesday, March 4th. Finally, KeyCorp restated an "overweight" rating and issued a $700.00 price target on shares of Casey's General Stores in a research report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $698.20.

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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