Aaron Wealth Advisors LLC Decreases Position in Casey’s General Stores, Inc. $CASY

Aaron Wealth Advisors LLC cut its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 30.4% during the first quarter, HoldingsChannel.com reports. The fund owned 2,315 shares of the company’s stock after selling 1,013 shares during the period. Aaron Wealth Advisors LLC’s holdings in Casey’s General Stores were worth $1,685,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Casey’s General Stores by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock worth $420,416,000 after purchasing an additional 52,250 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Casey’s General Stores during the 4th quarter worth about $720,000. Burns J W & Co. Inc. NY raised its position in shares of Casey’s General Stores by 103.5% during the 1st quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after acquiring an additional 1,245 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Casey’s General Stores during the fourth quarter worth approximately $1,338,000. Finally, PNC Financial Services Group Inc. lifted its stake in Casey’s General Stores by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 140,491 shares of the company’s stock worth $77,651,000 after purchasing an additional 3,553 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $784.71 on Friday. The business has a 50 day simple moving average of $817.50 and a 200-day simple moving average of $703.87. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The stock has a market capitalization of $29.04 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.63 earnings per share. Equities analysts predict that Casey’s General Stores, Inc. will post 21.05 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors 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. 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. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Casey’s General Stores from $700.00 to $950.00 and gave the company a “market perform” rating in a research note on Thursday, June 11th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Evercore reaffirmed an “outperform” rating and issued a $990.00 target price on shares of Casey’s General Stores in a research report on Friday, June 12th. Finally, Wells Fargo & Company lifted their price target on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $939.29.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: Casey’s unveiled a new three-year strategic plan centered on food growth, store expansion, and technology-driven productivity improvements, reinforcing the company’s long-term growth story. Casey’s Announces New Three-Year Strategic Plan
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Casey’s across fiscal 2027-2029, signaling confidence in the company’s food, fuel, and store-growth momentum. Casey’s Unveils Three-Year Plan Focusing on Growth and Productivity
• Positive Sentiment: The stock was highlighted on momentum and low-leverage stock screens, which may be helping investor interest in the name. Best Momentum Stocks to Buy for June 24th
• Neutral Sentiment: BNP Paribas Exane lowered its price target on Casey’s to $995 from $1,032, but kept an outperform rating, so the note was still constructive overall. BNP Paribas Exane price target update
• Neutral Sentiment: Recent short-interest data showed essentially no short position, suggesting little bearish conviction but also limiting any short-squeeze narrative. Casey’s General Stores stock page
• Negative Sentiment: Some commentary questioned whether CASY’s strong recent run has already priced in much of the upside, which could temper enthusiasm at current levels. Casey’s General Stores stock after 59% yearly gain

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.