Jennison Associates LLC Has $15.78 Million Holdings in Casey's General Stores, Inc. $CASY

Key Points

• Jennison Associates LLC raised its stake in Casey's to 28,548 shares (a 4.6% increase in Q4), now valued at approximately $15.78 million (about 0.08% of the company).
• Casey's most recent quarter beat on EPS ($3.49 vs. $2.94 est.) but missed revenue ($3.92B vs. $4.08B); shares are trading near a 1‑year high (~$835.92) with a market cap of about $30.9B and a P/E of ~48.
• Institutional ownership is high at 85.63%; analysts' consensus is a “Moderate Buy” (average target ~$725) amid recent upgrades, the company declared a quarterly dividend of $0.57 (yield ~0.3%), and insiders recently executed small buy and sell transactions.

Jennison Associates LLC raised its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,548 shares of the company's stock after buying an additional 1,251 shares during the period. Jennison Associates LLC owned 0.08% of Casey's General Stores worth $15,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Casey's General Stores by 35.4% in the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company's stock valued at $447,403,000 after buying an additional 206,777 shares in the last quarter. Franklin Resources Inc. boosted its position in Casey's General Stores by 7.0% in the third quarter. Franklin Resources Inc. now owns 758,212 shares of the company's stock valued at $428,632,000 after buying an additional 49,319 shares in the last quarter. Invesco Ltd. boosted its position in Casey's General Stores by 5.0% in the third quarter. Invesco Ltd. now owns 507,998 shares of the company's stock valued at $287,182,000 after buying an additional 24,091 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Casey's General Stores by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 447,265 shares of the company's stock valued at $252,832,000 after buying an additional 8,781 shares in the last quarter. Finally, Capital World Investors boosted its position in Casey's General Stores by 1.8% in the third quarter. Capital World Investors now owns 418,870 shares of the company's stock valued at $236,796,000 after buying an additional 7,428 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

Shares of CASY stock opened at $835.92 on Friday. Casey's General Stores, Inc. has a 1 year low of $430.00 and a 1 year high of $836.71. The firm's 50 day moving average is $718.23 and its 200-day moving average is $627.40. The firm has a market capitalization of $30.90 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 2.71 and a beta of 0.65. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced 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. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business earned $2.33 earnings per share. Casey's General Stores's quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts forecast that Casey's General Stores, Inc. will post 18.16 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey's General Stores's payout ratio is 13.09%.

Analyst Ratings Changes

A number of equities analysts have commented on CASY shares. Bank of America assumed coverage on shares of Casey's General Stores in a research report on Friday, January 9th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Casey's General Stores in a research report on Thursday, March 26th. They set a "neutral" rating and a $719.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of Casey's General Stores from $530.00 to $605.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 11th. Stephens reiterated an "overweight" rating and set a $680.00 target price on shares of Casey's General Stores in a research report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey's General Stores in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Casey's General Stores presently has an average rating of "Moderate Buy" and an average target price of $725.09.

More 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)

Insider Buying and Selling

In other Casey's General Stores news, Director Mike Spanos purchased 300 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider directly owned 4,039 shares of the company's stock, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company's stock.

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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