Corient Private Wealth LP Has $163.77 Million Stock Position in Casey's General Stores, Inc. $CASY

Key Points

• Corient Private Wealth increased its Casey’s General Stores position by 4.3% in the second quarter, bringing its holdings to 206,053 shares valued at approximately $163.77 million. Institutional investors collectively own 85.63% of the company.
• Casey’s reported a strong fiscal first quarter, with EPS of $7.37 beating estimates of $6.78 and revenue of $5.68 billion rising 24.3% year over year. Management maintained its fiscal 2027 outlook, supported by prepared-food traffic, fuel margins and store remodels.
• Despite the earnings beat, the stock faced heavy pressure as several analysts cut price targets; UBS lowered its target to $720 and shifted to a “Neutral” rating. Casey’s shares opened at $615.47, versus a 12-month high of $927.85, while the analyst consensus remained “Moderate Buy.”

Corient Private Wealth LP increased its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,053 shares of the company's stock after acquiring an additional 8,546 shares during the period. Corient Private Wealth LP owned about 0.56% of Casey's General Stores worth $163,769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CASY. Kathmere Capital Management LLC boosted 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 purchasing an additional 13 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in Casey's General Stores by 4.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company's stock worth $221,000 after purchasing an additional 14 shares during the last quarter. Lincoln Capital LLC increased its position in Casey's General Stores by 4.0% in the 2nd quarter. Lincoln Capital LLC now owns 366 shares of the company's stock worth $291,000 after purchasing an additional 14 shares during the last quarter. Menard Financial Group LLC raised its stake in shares of Casey's General Stores by 1.2% during the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company's stock worth $700,000 after purchasing an additional 15 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Casey's General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company's stock worth $2,839,000 after purchasing an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Key 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 EPS of $7.37, exceeding the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. Revenue increased 24.3% year over year. Why Did Casey's General Stores Stock Tank This Week?
• Positive Sentiment: Management maintained its fiscal 2027 outlook, citing prepared-food traffic, fuel margins and the CEFCO remodel program as support for continued growth. CASY Q1 Earnings Call Keeps Outlook Intact on Food, Fuel Strength
• Positive Sentiment: Stephens reaffirmed its “Overweight” rating, and some analysts view the sharp selloff as a potential buying opportunity despite reducing their price targets. Stephens Reaffirms Overweight Rating
• Neutral Sentiment: UBS lowered its price target from $925 to $720 and shifted to a “Neutral” rating. Although the new target implies upside from recent trading levels, the reduction signals diminished confidence in near-term valuation expansion. Analysts Cut Forecasts After Q1 Results
• Negative Sentiment: The earnings beat failed to reassure investors because analysts broadly cut price targets after the report. Wells Fargo issued a pessimistic forecast, reinforcing concerns that expectations and Casey’s valuation remain too high even with solid operating results. Wells Fargo Issues Pessimistic Forecast
• Negative Sentiment: CASY is headed for one of its worst weekly performances in years as investors question whether the current growth plan can continue delivering at the pace implied by the stock’s prior valuation. CASY Stock Heads for Worst Week in 17 Years

Casey's General Stores Stock Performance

NASDAQ:CASY opened at $615.47 on Friday. The firm has a market capitalization of $22.75 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.59. The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. Casey's General Stores, Inc. has a 12-month low of $497.38 and a 12-month high of $927.85. The firm has a 50-day moving average price of $815.25 and a 200 day moving average price of $785.11.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping the consensus estimate of $6.78 by $0.59. Casey's General Stores had a net margin of 4.14% and a return on equity of 19.68%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the prior year, the firm earned $5.77 EPS. The firm's quarterly revenue was up 24.3% compared to the same quarter last year. Research analysts anticipate that Casey's General Stores, Inc. will post 21.4 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, November 13th. Stockholders of record on Sunday, November 1st will be given a dividend of $0.65 per share. 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 payout ratio is presently 12.52%.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the business's stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the completion of the sale, the chief executive officer directly owned 89,174 shares of the company's stock, valued at approximately $71,469,394.04. The trade was a 17.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the business's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total value of $4,777,512.00. Following the sale, the chief financial officer directly owned 29,677 shares of the company's stock, valued at $24,874,074.32. This represents a 16.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,243 shares of company stock valued at $24,421,877 over the last ninety days. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BNP Paribas Exane lowered their price target on Casey's General Stores from $1,032.00 to $995.00 and set an "outperform" rating for the company in a research note on Thursday, June 25th. Wells Fargo & Company decreased their target price on shares of Casey's General Stores from $960.00 to $750.00 and set an "overweight" rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $933.00 price target on shares of Casey's General Stores in a research note on Thursday. Weiss Ratings downgraded shares of Casey's General Stores from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets set a $810.00 price objective on shares of Casey's General Stores in a research note on Thursday. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $840.69.

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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