Scholtz & Company LLC Cuts Holdings in Casey’s General Stores, Inc. $CASY

Scholtz & Company LLC reduced its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 27.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,841 shares of the company’s stock after selling 1,477 shares during the quarter. Casey’s General Stores comprises 1.5% of Scholtz & Company LLC’s investment portfolio, making the stock its 25th biggest holding. Scholtz & Company LLC’s holdings in Casey’s General Stores were worth $3,053,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fiduciary Financial Advisors purchased a new position in Casey’s General Stores in the second quarter worth $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 1st quarter worth $33,000. Bell Investment Advisors Inc purchased a new stake in shares of Casey’s General Stores during the 2nd quarter worth $33,000. Caitlin John LLC acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth $35,000. Finally, Larson Financial Group LLC increased its holdings in shares of Casey’s General Stores by 252.4% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock valued at $41,000 after purchasing an additional 53 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CASY. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Evercore reaffirmed an “outperform” rating and issued a $990.00 target price on shares of Casey’s General Stores in a report on Friday, June 12th. Weiss Ratings downgraded shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. BNP Paribas Exane lowered their price target on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Finally, Capital One Financial started coverage on Casey’s General Stores in a report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price objective for the company. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $911.33.

Insiders Place Their Bets

In related news, insider Katrina Lindsey sold 2,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the sale, the insider owned 6,668 shares of the company’s stock, valued at $5,334,400. This trade represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Allison Wing sold 530 shares of Casey’s General Stores stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director owned 3,042 shares of the company’s stock, valued at approximately $2,547,918.36. This represents a 14.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 30,243 shares of company stock valued at $24,421,877. Insiders own 0.67% of the company’s stock.

Casey’s General Stores Trading Down 14.2%

Shares of Casey’s General Stores stock opened at $629.03 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $497.38 and a 1 year 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 business has a 50 day moving average price of $822.28 and a 200 day moving average price of $786.58. The company has a market capitalization of $23.28 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.50 and a beta of 0.59.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Casey’s General Stores had a return on equity of 19.96% and a net margin of 4.14%.Casey’s General Stores’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.77 EPS. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 21.21 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, October 30th. Casey’s General Stores’s dividend payout ratio is currently 13.57%.

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: Casey’s reported fiscal Q1 2027 adjusted earnings of $7.37 per share, above the $6.78 consensus estimate, while revenue reached approximately $5.68 billion versus expectations of $5.56 billion. EPS increased 27.7% year over year, supported by stronger inside and fuel gross profit. Casey’s Announces First Quarter Results
• Positive Sentiment: Management maintained its full-year outlook, and analysts continued to defend the long-term investment case. Stephens reaffirmed an “overweight” rating with a $975 price target, while Wells Fargo retained an “overweight” rating despite lowering its target to $750. Casey’s is defended by analysts
• Positive Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1, signaling continued shareholder returns.
• Neutral Sentiment: UBS described the quarter as effective execution amid an uneven macroeconomic environment. The company’s revenue rose 24.3% year over year, although broader market pressure—including higher oil prices—could weigh on sentiment toward consumer and fuel-related stocks. UBS assessment of Casey’s fiscal Q1 results
• Negative Sentiment: Inside same-store sales rose only 3.2%, below investor expectations and slower than the prior year. The disappointing key sales metric overshadowed the earnings and revenue beats, raising concerns about decelerating organic growth and the company’s premium valuation. Why Casey’s stock is leading the S&P 500 lower
• Negative Sentiment: The post-earnings selloff reflects elevated expectations: investors viewed the quarterly beat as insufficient without stronger inside-store sales momentum. Wells Fargo’s reduction of its price target, although still bullish, reinforces the market’s reassessment of Casey’s near-term growth outlook.

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.