Epoch Investment Partners Inc. Reduces Holdings in Casey’s General Stores, Inc. $CASY

Epoch Investment Partners Inc. trimmed its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,565 shares of the company’s stock after selling 2,606 shares during the period. Epoch Investment Partners Inc.’s holdings in Casey’s General Stores were worth $20,210,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CASY. NewEdge Advisors LLC grew its position in shares of Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after buying an additional 113 shares during the last quarter. Geneos Wealth Management Inc. grew its position in 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 last quarter. EverSource Wealth Advisors LLC grew its position in Casey’s General Stores by 431.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after purchasing an additional 177 shares during the last quarter. Amundi purchased a new position in Casey’s General Stores during the 2nd quarter worth $338,000. Finally, Jump Financial LLC grew its position in Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after purchasing an additional 289 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 brokerages have issued reports on CASY. BMO Capital Markets raised their price objective on shares of Casey’s General Stores from $700.00 to $950.00 and gave the stock a “market perform” rating in a research report on Thursday. The Goldman Sachs Group reissued a “neutral” rating and set a $695.00 price objective on shares of Casey’s General Stores in a research report on Wednesday. Jefferies Financial Group raised their price objective on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. 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 research report on Friday. Finally, Wolfe Research reissued an “outperform” rating and set a $1,069.00 price objective on shares of Casey’s General Stores in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $899.25.

Casey’s General Stores Price Performance

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

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping 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 company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter last year, the business earned $2.63 EPS. The business’s revenue was up 14.5% on a year-over-year basis. As a group, analysts expect that Casey’s General Stores, Inc. will post 20.51 EPS for the current year.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be paid a $0.65 dividend. 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 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

Key Casey’s General Stores News

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 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.