Focus Partners Advisor Solutions LLC Reduces Position in Casey’s General Stores, Inc. $CASY

Focus Partners Advisor Solutions LLC trimmed its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 87.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 689 shares of the company’s stock after selling 4,979 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Casey’s General Stores were worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CASY. Steph & Co. increased its position in Casey’s General Stores by 2.2% during the 3rd quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after purchasing an additional 18 shares in the last quarter. LifeWealth Investments LLC lifted its holdings in Casey’s General Stores by 2.1% in the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after purchasing an additional 18 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Casey’s General Stores by 2.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock worth $409,000 after purchasing an additional 20 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Casey’s General Stores by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock worth $2,116,000 after purchasing an additional 21 shares during the last quarter. Finally, Eukles Asset Management grew its holdings in shares of Casey’s General Stores by 0.5% during the third quarter. Eukles Asset Management now owns 4,253 shares of the company’s stock worth $2,404,000 after buying an additional 21 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CASY shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $662.00 price objective on shares of Casey’s General Stores in a research report on Friday, January 23rd. Evercore set a $665.00 target price on shares of Casey’s General Stores and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $647.00.

Casey’s General Stores Trading Down 0.0%

Shares of CASY stock opened at $664.54 on Tuesday. The firm’s 50-day simple moving average is $634.03 and its 200-day simple moving average is $575.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $690.00. The firm has a market cap of $24.63 billion, a P/E ratio of 40.87, a PEG ratio of 2.29 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm earned $2.33 earnings per share. Casey’s General Stores’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Q3 earnings beat and strong profit growth — Casey’s reported diluted EPS of $3.49, well above consensus, with net income up ~49% and EBITDA up ~27%, highlighting margin and operating leverage improvement. Casey’s Announces Third Quarter Results
• Positive Sentiment: Analysts revised forecasts ahead of and following the print — pre‑earnings analyst activity expected stronger Q3 results and some forecasters raised estimates, supporting upside to near‑term expectations. Casey’s Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: High-profile endorsement — Jim Cramer called Casey’s a standout convenience-store chain, which can support retail interest and sentiment. Jim Cramer on Casey’s
• Neutral Sentiment: Top-line growth was muted — revenue rose only ~0.3% year‑over‑year, so the EPS beat was driven more by margins/efficiency than sales acceleration; investors will watch same‑store sales and fuel margins for sustainability. View Press Release
• Neutral Sentiment: Short-interest data appears negligible/erroneous in the latest report, so there’s no clear bet against the name to amplify moves (no meaningful days‑to‑cover signal).
• Negative Sentiment: Valuation and recent rally raise caution — after roughly a 67% one‑year gain, some coverage asks whether the stock is stretched, which could prompt profit‑taking despite the beat. Is It Too Late To Consider Casey’s After A 67% One Year Rally?

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.