Tidal Investments LLC Has $4.41 Million Position in Casey's General Stores, Inc. $CASY

Key Points

• Tidal Investments reduced its Casey’s General Stores position by 22.9% in the second quarter, selling 1,652 shares and retaining 5,554 shares valued at approximately $4.41 million. Institutional investors and hedge funds own 85.63% of the company.
• Analysts maintain a generally positive view, with 15 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $840.69, although several firms recently lowered their targets.
• Casey’s reported quarterly EPS of $7.37 and revenue of $5.68 billion, beating estimates and lifting revenue 24.3% year over year. The company also declared a quarterly dividend of $0.65 per share, or $2.60 annualized.

Tidal Investments LLC cut its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 22.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,554 shares of the company's stock after selling 1,652 shares during the period. Tidal Investments LLC's holdings in Casey's General Stores were worth $4,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CASY. NewEdge Advisors LLC boosted its position in shares of Casey's General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company's stock valued at $812,000 after acquiring an additional 113 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Casey's General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company's stock worth $81,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC grew its position in Casey's General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock worth $111,000 after buying an additional 177 shares in the last quarter. Amundi acquired a new stake in Casey's General Stores during the second quarter worth about $338,000. Finally, Jump Financial LLC increased its stake in Casey's General Stores by 42.6% during the second quarter. Jump Financial LLC now owns 968 shares of the company's stock valued at $494,000 after acquiring an additional 289 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Casey's General Stores from $913.00 to $910.00 and set a "sector perform" rating on the stock in a report on Wednesday. Raymond James Financial raised Casey's General Stores from a "market perform" rating to an "outperform" rating and set a $750.00 target price for the company in a research report on Thursday. 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. BNP Paribas Exane lowered their price target on shares of Casey's General Stores from $1,032.00 to $995.00 and set an "outperform" rating on the stock in a report on Thursday, June 25th. Finally, Wolfe Research restated an "outperform" rating and issued a $1,069.00 price objective on shares of Casey's General Stores in a research note on Thursday, June 11th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $840.69.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the business's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider directly owned 6,668 shares of the company's stock, valued at approximately $5,334,400. The trade was a 23.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chad Frazell sold 3,013 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the transaction, the insider owned 9,823 shares in the company, valued at $7,735,514.27. The trade was a 23.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,243 shares of company stock worth $24,421,877 over the last quarter. Corporate insiders own 0.67% of the company's stock.

Casey's General Stores Price Performance

NASDAQ CASY opened at $615.47 on Monday. 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, Inc. has a one year low of $497.38 and a one year high of $927.85. The stock's 50 day simple moving average is $815.25 and its 200 day simple moving average is $785.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.78 by $0.59. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. Casey's General Stores had a return on equity of 19.68% and a net margin of 4.14%.The business's revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.77 EPS. As a group, sell-side analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey's General Stores's payout ratio is currently 12.52%.

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 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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