National Pension Service Acquires 65,383 Shares of Casey's General Stores, Inc. $CASY

Key Points

• National Pension Service increased its Casey’s General Stores stake by 3,138.9%, purchasing 65,383 additional shares to own 67,466 shares valued at about $53.6 million.
• Casey’s reported a strong fiscal first quarter, with EPS of $7.37 and revenue of $5.68 billion, beating estimates and rising 24.3% year over year; management maintained its fiscal 2027 outlook.
• Despite the earnings beat, the stock has faced heavy pressure as analysts cut price targets, while insiders sold 30,243 shares worth approximately $24.4 million during the last quarter.

National Pension Service lifted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3,138.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,466 shares of the company's stock after buying an additional 65,383 shares during the quarter. National Pension Service owned approximately 0.18% of Casey's General Stores worth $53,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Financial Advisors purchased a new stake in Casey's General Stores in the second quarter worth $26,000. Whipplewood Advisors LLC bought a new stake in shares of Casey's General Stores during the first quarter worth $33,000. Bell Investment Advisors Inc purchased a new stake in shares of Casey's General Stores during the second quarter valued at $33,000. Caitlin John LLC bought a new position in shares of Casey's General Stores in the second quarter worth about $35,000. Finally, Larson Financial Group LLC grew its holdings in shares of Casey's General Stores by 252.4% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company's stock worth $41,000 after purchasing an additional 53 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the sale, the insider owned 6,668 shares of the company's stock, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison M. Wing sold 530 shares of Casey's General Stores stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total value of $443,917.40. Following the completion of the transaction, the director owned 3,042 shares in the company, valued at $2,547,918.36. This represents a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 over the last quarter. 0.67% of the stock is owned by insiders.

Key Headlines Impacting Casey's General Stores

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 Down 1.9%

NASDAQ:CASY opened at $615.47 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.60. Casey's General Stores, Inc. has a 1-year low of $497.38 and a 1-year high of $927.85. The company has a 50-day moving average of $815.25 and a 200 day moving average of $785.11. The firm has a market cap of $22.75 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.59.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $5.56 billion. During the same quarter last year, the firm posted $5.77 EPS. The company's revenue for the quarter was up 24.3% on a year-over-year basis. As a group, research analysts anticipate that Casey's General Stores, Inc. will post 21.4 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey's General Stores's dividend payout ratio (DPR) is presently 12.52%.

Analysts Set New Price Targets

CASY has been the subject of a number of research analyst reports. Wolfe Research reiterated an "outperform" rating and set a $1,069.00 price objective on shares of Casey's General Stores in a report on Thursday, June 11th. Evercore restated an "outperform" rating and issued a $775.00 target price on shares of Casey's General Stores in a research note on Friday. BNP Paribas Exane reduced their target price on shares of Casey's General Stores from $1,032.00 to $995.00 and set an "outperform" rating on the stock in a research report on Thursday, June 25th. Weiss Ratings downgraded shares of Casey's General Stores from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Finally, UBS Group lowered their price target on Casey's General Stores from $925.00 to $720.00 and set a "neutral" rating for the company in a report on Thursday. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and an average price target 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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