Ameritas Investment Partners Inc. Sells 1,421 Shares of Casey’s General Stores, Inc. $CASY

Ameritas Investment Partners Inc. reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.7% during the fourth quarter, Holdings Channel reports. The fund owned 11,833 shares of the company’s stock after selling 1,421 shares during the period. Ameritas Investment Partners Inc.’s holdings in Casey’s General Stores were worth $6,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cibc World Market Inc. grew its position in Casey’s General Stores by 0.3% during the fourth quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock valued at $2,839,000 after acquiring an additional 16 shares during the last quarter. FSB Premier Wealth Management Inc. grew its holdings in shares of Casey’s General Stores by 0.8% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock worth $1,292,000 after purchasing an additional 18 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Casey’s General Stores by 9.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after acquiring an additional 19 shares during the last quarter. Finally, ORG Partners LLC grew its holdings 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 acquiring an additional 20 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores News Summary

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

• Positive Sentiment: Casey’s delivered Q4 diluted EPS of $4.37, well ahead of estimates, with revenue of $4.57 billion also topping forecasts. The company said net income rose 65.5% year over year and EBITDA increased 33.2%, signaling broad-based operating strength. Article Title
• Positive Sentiment: Same-store sales and food service trends were strong, with management pointing to robust pizza, appetizer, side, and beverage sales as key drivers of the quarter’s outperformance. Article Title
• Positive Sentiment: The company raised its quarterly dividend by 14% to $0.65 per share, which reinforces confidence in cash generation and shareholder returns. Article Title
• Positive Sentiment: Several follow-up reports and commentary noted that the results were exceptional and that management’s FY27 outlook helped extend the post-earnings rally in the shares. Article Title
• Neutral Sentiment: Some market commentary highlighted that the stock’s valuation is now demanding after the run-up, with one note pointing to a rich forward earnings multiple even as fundamentals improved. Article Title
• Neutral Sentiment: Analysts and media coverage emphasized that the shares were already trending higher ahead of and after earnings, reflecting strong investor enthusiasm for the report and outlook. Article Title
• Negative Sentiment: One risk mentioned in post-earnings analysis is exposure to fuel margin volatility and gas prices, which could pressure future results if conditions weaken. Article Title

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $915.60 on Thursday. Casey’s General Stores, Inc. has a 12 month low of $488.91 and a 12 month high of $917.47. The stock has a market cap of $33.84 billion, a PE ratio of 47.79, a price-to-earnings-growth ratio of 2.11 and a beta of 0.61. 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’s fifty day moving average price is $794.30 and its 200-day moving average price is $681.81.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.96%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the business posted $2.63 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities analysts expect that Casey’s General Stores, Inc. will post 20.37 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be issued a dividend of $0.65 per share. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.09%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CASY shares. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Royal Bank Of Canada raised their price target on shares of Casey’s General Stores from $792.00 to $794.00 and gave the stock a “sector perform” rating in a report on Wednesday. Evercore reissued an “outperform” rating and issued a $915.00 price target on shares of Casey’s General Stores in a report on Monday, May 18th. Stephens reissued an “overweight” rating and issued a $900.00 price target on shares of Casey’s General Stores in a report on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $745.00 to $910.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $796.91.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 300 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

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.