Casey’s General Stores, Inc. $CASY Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 78.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,014 shares of the company’s stock after selling 3,753 shares during the period. Harbor Capital Advisors Inc.’s holdings in Casey’s General Stores were worth $573,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CASY. Vontobel Holding Ltd. raised its holdings in Casey’s General Stores by 129.1% in the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after acquiring an additional 502,104 shares in the last quarter. Norges Bank bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $210,151,000. Third Point LLC acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at about $130,212,000. Invesco Ltd. lifted its position in shares of Casey’s General Stores by 71.7% during the second quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock worth $246,923,000 after purchasing an additional 202,033 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Casey’s General Stores by 4,224.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 174,705 shares of the company’s stock worth $89,147,000 after purchasing an additional 170,665 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $568.80 on Monday. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $575.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The stock has a fifty day moving average price of $547.94 and a 200 day moving average price of $533.52. The company has a market cap of $21.09 billion, a P/E ratio of 34.98 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.85 earnings per share. On average, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be given a $0.57 dividend. The ex-dividend date is Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is 14.02%.

Key Casey’s General Stores News

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

• Positive Sentiment: Zacks raised FY2027 EPS to $18.35 (from $17.80) and FY2028 to $19.90 (from $19.40), signaling stronger full‑year profit outlooks that could support higher valuation multiples. Zacks Research Revisions
• Positive Sentiment: Several quarterly raises: Q2 2027 bumped to $5.91 (from $5.43), Q3 2027 to $3.05 (from $2.92), Q4 2027 to $3.34 (from $3.25), and Q4 2026 to $3.05 (from $2.83) — these increments point to better-than-expected operational trends across upcoming quarters. Zacks Research Revisions
• Neutral Sentiment: Zacks retains a “Hold” rating on CASY despite the mixed revisions; the firm’s view tempers how strongly investors may react to the estimate changes. Zacks Research Revisions
• Negative Sentiment: Zacks trimmed near‑term estimates: Q1 2027 was cut to $6.05 (from $6.20) and Q1 2028 to $6.56 (from $6.76), indicating potential short‑term headwinds that could weigh on next‑quarter expectations and near‑term stock momentum. Zacks Research Revisions

Analyst Upgrades and Downgrades

A number of research firms have commented on CASY. Stephens increased their target price on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Jefferies Financial Group raised their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. KeyCorp reissued an “overweight” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Casey’s General Stores from $570.00 to $591.00 and gave the company a “sector perform” rating in a report on Wednesday, December 10th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $585.67.

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.