UBS Group AG Cuts Holdings in Casey's General Stores, Inc. $CASY

Key Points

• UBS Group AG trimmed its stake in Casey’s by 15.7% in Q4, selling 37,802 shares and now holding 203,685 shares (about 0.55% of the company) valued at roughly $112.58 million.
• Analyst sentiment has turned more bullish with multiple upgrades and higher targets (Wells Fargo $745, Jefferies $780, KeyCorp $860); MarketBeat shows a consensus rating of Moderate Buy and an average price target near $725.
• Fundamental and market cues are positive: Casey’s beat quarterly EPS estimates ($3.49 vs. $2.94), is trading near its 12‑month high (~$836), has a market cap of about $30.9 billion, and announced a quarterly dividend of $0.57 ($2.28 annualized).

UBS Group AG trimmed its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,685 shares of the company's stock after selling 37,802 shares during the quarter. UBS Group AG owned approximately 0.55% of Casey's General Stores worth $112,579,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings 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 worth $447,403,000 after purchasing an additional 206,777 shares during the last quarter. Franklin Resources Inc. grew its holdings 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 worth $428,632,000 after purchasing an additional 49,319 shares during the last quarter. Invesco Ltd. grew its holdings in Casey's General Stores by 5.0% in the third quarter. Invesco Ltd. now owns 507,998 shares of the company's stock worth $287,182,000 after purchasing an additional 24,091 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $252,832,000 after purchasing an additional 8,781 shares during the last quarter. Finally, Capital World Investors grew its holdings 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 worth $236,796,000 after purchasing an additional 7,428 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CASY. Wells Fargo & Company lifted their price target on shares of Casey's General Stores from $725.00 to $745.00 and gave the stock an "overweight" rating in a report on Tuesday, March 10th. Zacks Research raised shares of Casey's General Stores from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 23rd. BMO Capital Markets reaffirmed a "market perform" rating and issued a $700.00 price target on shares of Casey's General Stores in a report on Wednesday, March 4th. Jefferies Financial Group lifted their price target on shares of Casey's General Stores from $700.00 to $780.00 and gave the stock a "buy" rating in a report on Tuesday, March 10th. Finally, Bank of America began coverage on shares of Casey's General Stores in a report on Friday, January 9th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $725.09.

Casey's General Stores News Roundup

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 at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 200 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos bought 300 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director directly owned 4,499 shares of the company's stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company's stock.

Casey's General Stores Trading Up 1.7%

NASDAQ:CASY opened at $835.92 on Friday. Casey's General Stores, Inc. has a 12 month low of $430.00 and a 12 month high of $836.71. The firm has a fifty day simple moving average of $718.23 and a 200-day simple moving average of $626.97. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $30.90 billion, a P/E ratio of 47.99, a PEG ratio of 2.67 and a beta of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The business's revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Casey's General Stores, Inc. will post 18.16 earnings per share for the current year.

Casey's General Stores Announces Dividend

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

About Casey's General Stores

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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