Carnegie Investment Counsel Has $26.94 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

Carnegie Investment Counsel raised its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,659 shares of the company’s stock after buying an additional 2,042 shares during the quarter. Carnegie Investment Counsel owned 0.13% of Casey’s General Stores worth $26,943,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. HBK Sorce Advisory LLC acquired a new stake in shares of Casey’s General Stores in the third quarter worth $205,000. Pacer Advisors Inc. lifted its position in shares of Casey’s General Stores by 243.3% in the 3rd quarter. Pacer Advisors Inc. now owns 4,950 shares of the company’s stock worth $2,798,000 after acquiring an additional 3,508 shares during the period. Inspire Investing LLC boosted its stake in Casey’s General Stores by 0.6% during the third quarter. Inspire Investing LLC now owns 5,253 shares of the company’s stock worth $2,970,000 after buying an additional 29 shares in the last quarter. Robbins Farley boosted its holdings in Casey’s General Stores by 1.5% during the third quarter. Robbins Farley now owns 10,333 shares of the company’s stock valued at $5,841,000 after purchasing an additional 155 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Casey’s General Stores by 129.1% during the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after acquiring an additional 502,104 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CASY. Evercore ISI raised their price objective on shares of Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Jefferies Financial Group lifted their target price on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, KeyCorp restated an “overweight” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $585.67.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Up 0.2%

NASDAQ:CASY opened at $568.80 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $575.98. The stock’s fifty day simple moving average is $547.94 and its 200-day simple moving average is $532.98. The firm has a market capitalization of $21.09 billion, a P/E ratio of 34.98 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.61. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.85 earnings per share. Equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s payout ratio is currently 14.02%.

Key Headlines Impacting Casey’s General Stores

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

• Positive Sentiment: Zacks raised FY2027 EPS to $18.35 (from $17.80) and FY2028 to $19.90 (from $19.40), signaling stronger full‑year profit outlooks that could support higher valuation multiples. Zacks Research Revisions
• Positive Sentiment: Several quarterly raises: Q2 2027 bumped to $5.91 (from $5.43), Q3 2027 to $3.05 (from $2.92), Q4 2027 to $3.34 (from $3.25), and Q4 2026 to $3.05 (from $2.83) — these increments point to better-than-expected operational trends across upcoming quarters. Zacks Research Revisions
• Neutral Sentiment: Zacks retains a “Hold” rating on CASY despite the mixed revisions; the firm’s view tempers how strongly investors may react to the estimate changes. Zacks Research Revisions
• Negative Sentiment: Zacks trimmed near‑term estimates: Q1 2027 was cut to $6.05 (from $6.20) and Q1 2028 to $6.56 (from $6.76), indicating potential short‑term headwinds that could weigh on next‑quarter expectations and near‑term stock momentum. Zacks Research Revisions

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.