Algert Global LLC Has $20.35 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

Algert Global LLC lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 194.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,991 shares of the company’s stock after acquiring an additional 23,761 shares during the quarter. Algert Global LLC owned approximately 0.10% of Casey’s General Stores worth $20,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings 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 acquiring an additional 113 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in 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 purchasing an additional 105 shares during the last quarter. Allworth Financial LP lifted its position in shares of Casey’s General Stores by 84.9% in the 2nd quarter. Allworth Financial LP now owns 1,209 shares of the company’s stock worth $617,000 after purchasing an additional 555 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Casey’s General Stores by 4.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,049 shares of the company’s stock worth $7,169,000 after purchasing an additional 656 shares during the period. Finally, Calamos Advisors LLC boosted its stake in shares of Casey’s General Stores by 85.4% in the 2nd quarter. Calamos Advisors LLC now owns 2,191 shares of the company’s stock valued at $1,118,000 after purchasing an additional 1,009 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Trading Down 1.9%

NASDAQ:CASY opened at $660.87 on Friday. Casey’s General Stores, Inc. has a 12 month low of $381.33 and a 12 month high of $696.66. The company has a current ratio of 1.04, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 37.94, a PEG ratio of 2.18 and a beta of 0.65. The firm has a fifty day simple moving average of $643.76 and a two-hundred day simple moving average of $580.26.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.33 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.09%.

Key Casey’s General Stores News

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

• Positive Sentiment: Company guidance lifted expectations — Casey’s outlined 18%–20% EBITDA growth while signaling continued expansion of prepared-foods offerings and its store base, supporting long-term same-store sales and margin improvement. Casey’s outlines 18%-20% EBITDA guidance
• Positive Sentiment: Wall Street is raising targets — multiple firms (Jefferies, Wells Fargo, Stephens, KeyCorp and others) have issued higher price targets or reiterated overweight/buy ratings, lifting consensus upside to around the high $600s / $700s area. This underpins longer-term investor interest. Analyst coverage and upgrades
• Positive Sentiment: BMO adjusted its valuation upward, citing strengthening sales trends—another institutional signal that estimates and models are firming. BMO Adjusts Casey’s Valuation
• Positive Sentiment: Quarterly earnings: EPS materially beat expectations, showing operating leverage, which supports medium-term earnings momentum despite mixed top-line dynamics. Earnings recap and context
• Neutral Sentiment: Small insider sale disclosed — Director/insider Katrina Lindsey sold 200 shares (~$136.6k). The sale reduces her stake modestly and looks like routine liquidity rather than a signal of material insider concern. Insider sale filing
• Neutral Sentiment: Short-interest data posted appears anomalous (reported as zero shares), so there is no clear short-pressure signal from the available reporting. Short interest note
• Negative Sentiment: Revenue missed consensus in the quarter (reported below estimates), which could fuel short-term profit-taking — investors weighing EPS beat versus softer revenue may be reducing exposures. Revenue vs. consensus

Insider Activity at Casey’s General Stores

In other news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was purchased at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. The trade was a 59.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the transaction, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CASY. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. UBS Group set a $706.00 price target on shares of Casey’s General Stores in a research report on Wednesday. Evercore set a $665.00 price target on Casey’s General Stores and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Jefferies Financial Group lifted their price objective on 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. Finally, Royal Bank Of Canada boosted their price objective on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $698.20.

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.