Brown Advisory Inc. Sells 53,873 Shares of Casey’s General Stores, Inc. $CASY

Brown Advisory Inc. lowered its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 26.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,178 shares of the company’s stock after selling 53,873 shares during the period. Brown Advisory Inc.’s holdings in Casey’s General Stores were worth $83,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aptus Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at about $207,000. Kestra Advisory Services LLC raised its holdings in shares of Casey’s General Stores by 21.6% in the fourth quarter. Kestra Advisory Services LLC now owns 13,076 shares of the company’s stock valued at $7,227,000 after purchasing an additional 2,327 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Casey’s General Stores by 97.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 726 shares of the company’s stock valued at $401,000 after purchasing an additional 359 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Casey’s General Stores by 7.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 341 shares of the company’s stock valued at $188,000 after purchasing an additional 25 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Casey’s General Stores by 291.6% during the fourth quarter. Marshall Wace LLP now owns 94,681 shares of the company’s stock worth $52,331,000 after buying an additional 70,504 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating for the company. Evercore restated an “outperform” rating and set a $990.00 price objective on shares of Casey’s General Stores in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a report on Friday. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $899.25.

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: JPMorgan raised its price target on Casey’s General Stores to $975 from $719, signaling improved valuation expectations even while keeping a neutral rating. Benzinga
• Positive Sentiment: Wells Fargo boosted its price target to $960 from $910 and reiterated an overweight rating, reflecting confidence in Casey’s execution and upside potential. Tickerreport.com
• Positive Sentiment: Recent coverage highlighted Casey’s as a long-term momentum stock, reinforcing the view that its business model has both growth and defensive appeal. Zacks
• Positive Sentiment: Analysts and market commentary pointed to durable margin momentum, strong inside sales, disciplined fuel operations, and store growth as reasons earnings power could keep rising into fiscal 2027. Zacks
• Positive Sentiment: The company was also highlighted for its dividend growth and shareholder-return profile, which can support investor interest during volatile markets. Zacks
• Positive Sentiment: MarketBeat commentary described Casey’s as a growth stock with defensive characteristics, supported by buybacks, cash flow generation, and guidance that investors view favorably. MarketBeat

Casey’s General Stores Price Performance

CASY stock opened at $895.14 on Monday. The firm has a 50 day moving average of $801.23 and a 200-day moving average of $686.81. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. The firm has a market capitalization of $33.08 billion, a P/E ratio of 46.72, a price-to-earnings-growth ratio of 2.93 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business posted $2.63 earnings per share. Casey’s General Stores’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 20.51 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is presently 11.90%.

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.