Louisiana State Employees Retirement System Makes New $7.79 Million Investment in Casey’s General Stores, Inc. $CASY

Louisiana State Employees Retirement System bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the first quarter, HoldingsChannel reports. The institutional investor bought 10,700 shares of the company’s stock, valued at approximately $7,788,000.

Several other institutional investors also recently made changes to their positions in CASY. Geode Capital Management LLC increased its stake in Casey’s General Stores by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares in the last quarter. North Dakota State Investment Board acquired a new position in Casey’s General Stores during the fourth quarter worth $720,000. Jackson Creek Investment Advisors LLC purchased a new stake in Casey’s General Stores during the fourth quarter worth $1,338,000. Burns J W & Co. Inc. NY boosted its position in Casey’s General Stores by 103.5% during the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,245 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Casey’s General Stores by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 140,491 shares of the company’s stock valued at $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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CASY shares. William Blair started coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating for the company. Jefferies Financial Group boosted 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,000.00 price objective on shares of Casey’s General Stores in a research note on Monday, June 15th. Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. lifted their target price 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, June 12th. Twelve investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $939.29.

More Casey’s General Stores News

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 Stock Performance

Casey’s General Stores stock opened at $784.71 on Friday. 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 stock has a fifty day moving average of $817.50 and a two-hundred day moving average of $703.87. The company has a market capitalization of $29.04 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 2.41 and a beta of 0.61. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the firm 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 anticipate that Casey’s General Stores, Inc. will post 21.05 EPS 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 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.