Sterling Capital Management LLC Sells 1,933 Shares of Casey’s General Stores, Inc. $CASY

Sterling Capital Management LLC cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.1% in the first quarter, Holdings Channel reports. The firm owned 17,282 shares of the company’s stock after selling 1,933 shares during the quarter. Sterling Capital Management LLC’s holdings in Casey’s General Stores were worth $12,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Casey’s General Stores by 6.4% in the first 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 period. Geneos Wealth Management Inc. grew its position in shares of 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 buying an additional 105 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of 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 buying 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% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after acquiring an additional 289 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

More Casey’s General Stores News

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

• Positive Sentiment: Casey’s outlined a three-year growth plan focused on food, new stores, and operational efficiency, which could support longer-term earnings and margin expansion. Casey’s Unveils Three-Year Plan Focusing on Growth and Productivity
• Positive Sentiment: Analysts at Zacks Research raised Q4 2028 EPS estimates for Casey’s, signaling improved earnings expectations even though the stock retains a Hold rating.
• Positive Sentiment: BNP Paribas Exane lowered its price target to $995 from $1,032 but kept an outperform rating, implying meaningful upside versus the current share price.
• Positive Sentiment: Casey’s was highlighted among stocks with strong interest coverage ratios and solid EPS growth prospects, reinforcing its profile as a financially resilient company. 4 Stocks With Strong Interest Coverage Ratios to Buy for H2 2026

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CASY shares. UBS Group lifted their price objective on shares of Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. BNP Paribas Exane lowered their target price on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating for the company in a research note on Thursday. Capital One Financial assumed coverage on shares of Casey’s General Stores in a report on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price on the stock. KeyCorp lifted their price target on shares of Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Casey’s General Stores from $695.00 to $795.00 and gave the company a “neutral” rating in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $939.29.

Casey’s General Stores Trading Down 0.8%

NASDAQ:CASY opened at $778.63 on Friday. 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 business’s 50-day simple moving average is $818.34 and its 200-day simple moving average is $704.39. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. The stock has a market capitalization of $28.81 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.63 earnings per share. Sell-side analysts expect that Casey’s General Stores, Inc. will post 21.05 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 $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 annualized dividend and a yield of 0.3%. 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 13.57%.

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.