Casey’s General Stores, Inc. $CASY Shares Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. raised its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 58.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,020 shares of the company’s stock after acquiring an additional 5,163 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Casey’s General Stores were worth $7,749,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Casey’s General Stores by 179,938.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after acquiring an additional 2,657,687 shares during the period. Franklin Resources Inc. lifted its holdings in Casey’s General Stores by 40.9% in the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after acquiring an additional 310,470 shares during the period. Victory Capital Management Inc. lifted its holdings in Casey’s General Stores by 35.4% in the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after acquiring an additional 206,777 shares during the period. Geode Capital Management LLC lifted its holdings in Casey’s General Stores by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after acquiring an additional 52,250 shares during the period. Finally, Invesco Ltd. lifted its holdings in Casey’s General Stores by 5.0% in the third quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock valued at $287,182,000 after acquiring an additional 24,091 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Evercore reaffirmed an “outperform” rating and set a $990.00 price target on shares of Casey’s General Stores in a research note on Friday. Jefferies Financial Group lifted their price target on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $695.00 price target on shares of Casey’s General Stores in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. Finally, Morgan Stanley raised Casey’s General Stores to a “buy” rating in a research note on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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 Stock Performance

NASDAQ:CASY opened at $895.14 on Monday. The company 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 quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a fifty day simple moving average of $801.23 and a 200-day simple moving average of $686.81.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 EPS. On average, equities research analysts expect 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. Investors of record on Saturday, August 1st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is 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.