Landscape Capital Management L.L.C. Buys New Position in Casey's General Stores, Inc. $CASY

Key Points

• Landscape Capital Management opened a new position in Casey’s General Stores, buying 7,880 shares valued at about $4.36 million in the fourth quarter.
• Wall Street sentiment remains broadly positive, with several analysts raising price targets to the $945-$975 range and the stock carrying an overall Moderate Buy consensus.
• Casey’s posted strong quarterly results, including EPS of $4.37 versus $3.31 expected and revenue of $4.57 billion, and it also increased its quarterly dividend to $0.65 per share.

Landscape Capital Management L.L.C. purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,880 shares of the company's stock, valued at approximately $4,355,000.

Several other institutional investors have also added to or reduced their stakes in CASY. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Casey's General Stores during the third quarter worth about $25,000. Central Pacific Bank Trust Division raised its position in shares of Casey's General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company's stock valued at $30,000 after purchasing an additional 19 shares during the last quarter. True Wealth Design LLC boosted its stake in Casey's General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. ORG Partners LLC boosted its stake in Casey's General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company's stock worth $34,000 after purchasing an additional 20 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Casey's General Stores during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Key Stories Impacting Casey's General Stores

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

• Positive Sentiment: JPMorgan raised its price target on Casey's General Stores to $975 from $719, signaling improved valuation expectations even while keeping a neutral rating. Benzinga
• Positive Sentiment: Wells Fargo boosted its price target to $960 from $910 and reiterated an overweight rating, reflecting confidence in Casey's execution and upside potential. Tickerreport.com
• Positive Sentiment: Recent coverage highlighted Casey's as a long-term momentum stock, reinforcing the view that its business model has both growth and defensive appeal. Zacks
• Positive Sentiment: Analysts and market commentary pointed to durable margin momentum, strong inside sales, disciplined fuel operations, and store growth as reasons earnings power could keep rising into fiscal 2027. Zacks
• Positive Sentiment: The company was also highlighted for its dividend growth and shareholder-return profile, which can support investor interest during volatile markets. Zacks
• Positive Sentiment: MarketBeat commentary described Casey's as a growth stock with defensive characteristics, supported by buybacks, cash flow generation, and guidance that investors view favorably. MarketBeat

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group upped their price target on shares of Casey's General Stores from $805.00 to $945.00 and gave the company a "neutral" rating in a research note on Thursday. Stephens set a $975.00 price objective on shares of Casey's General Stores and gave the company an "overweight" rating in a report on Friday. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. raised their target price on Casey's General Stores from $719.00 to $975.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, BMO Capital Markets lifted their price target on Casey's General Stores from $700.00 to $950.00 and gave the stock a "market perform" rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $899.25.

Casey's General Stores Stock Performance

CASY opened at $895.14 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.64 and a debt-to-equity ratio of 0.59. Casey's General Stores, Inc. has a 12-month low of $490.00 and a 12-month high of $927.85. The firm has a 50 day moving average of $801.23 and a two-hundred day moving average of $685.79. The firm has a market capitalization of $33.08 billion, a PE ratio of 46.72, a P/E/G ratio of 2.47 and a beta of 0.61.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating the consensus estimate of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. Casey's General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. On average, analysts anticipate that Casey's General Stores, Inc. will post 20.51 EPS for the current year.

Casey's General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 0.3%. Casey's General Stores's dividend payout ratio is currently 11.90%.

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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