WD Rutherford LLC Has $5.31 Million Position in Casey’s General Stores, Inc. $CASY

WD Rutherford LLC cut its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,293 shares of the company’s stock after selling 767 shares during the quarter. Casey’s General Stores makes up 2.3% of WD Rutherford LLC’s portfolio, making the stock its 12th largest position. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $5,308,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CASY. NewEdge Advisors LLC increased its position in shares of Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Casey’s General Stores by 129.6% in the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after acquiring an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after acquiring an additional 177 shares during the period. Amundi acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth about $338,000. Finally, Jump Financial LLC increased its stake in shares of 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 currently owned by institutional investors and hedge funds.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s reported strong quarterly results, including EPS of $4.37 versus $3.31 expected and revenue of $4.57 billion versus $4.33 billion expected, reinforcing the company’s momentum. Article Title
• Positive Sentiment: Recent coverage highlighted strong inside same-store sales growth, driven by menu innovation, value pricing, and growth in food, beverages, and merchandise. Article Title
• Positive Sentiment: The company raised its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash generation and adding income appeal. Article Title
• Positive Sentiment: Analysts remain constructive overall, with multiple firms lifting price targets and consensus still sitting at a “Moderate Buy.” Article Title
• Neutral Sentiment: Director Mike Spanos bought 256 shares, a modest insider purchase that suggests confidence but is too small to be a major catalyst. Article Title
• Neutral Sentiment: Insider selling by Katrina Lindsey and Chad Michael Frazell may weigh on sentiment, but the sales appear to be routine portfolio reductions rather than a clear change in business fundamentals. Article Title
• Negative Sentiment: News that Casey’s dropped out of key Russell indexes could create technical selling pressure from index-linked funds and help explain some of the weakness. Article Title

Insider Activity at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,013 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the transaction, the insider directly owned 9,823 shares in the company, valued at approximately $7,735,514.27. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mike Spanos purchased 256 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of $778.81 per share, for a total transaction of $199,375.36. Following the completion of the transaction, the director owned 4,758 shares of the company’s stock, valued at $3,705,577.98. This trade represents a 5.69% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Royal Bank Of Canada upped their price objective on Casey’s General Stores from $794.00 to $850.00 and gave the company a “sector perform” rating in a research note on Thursday, June 25th. The Goldman Sachs Group lifted their target price on Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, KeyCorp boosted their target price on Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $939.29.

Casey’s General Stores Stock Down 1.3%

Shares of CASY opened at $784.28 on Thursday. The firm has a market cap of $29.03 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 2.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85. The firm’s 50-day simple moving average is $820.32 and its 200 day simple moving average is $710.44.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (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 firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business posted $2.63 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts forecast that Casey’s General Stores, Inc. will post 21.05 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The company also recently declared 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 represents a $2.60 annualized dividend 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 11.90%.

About Casey’s General Stores

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.