Flagship Harbor Advisors LLC Cuts Stake in Casey’s General Stores, Inc. $CASY

Flagship Harbor Advisors LLC lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 70.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 321 shares of the company’s stock after selling 756 shares during the period. Flagship Harbor Advisors LLC’s holdings in Casey’s General Stores were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Steph & Co. increased its stake in shares of Casey’s General Stores by 2.2% during the third 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 increased its stake in shares of Casey’s General Stores by 2.1% during the third quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after purchasing an additional 18 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Casey’s General Stores by 9.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after purchasing an additional 19 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of Casey’s General Stores by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock worth $409,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Key Headlines Impacting Casey’s General Stores

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

• Positive Sentiment: Inclusion in the S&P 500 — Casey’s was added to the S&P 500, which usually increases demand from index funds and raises institutional visibility. Casey’s Joins the S&P 500
• Positive Sentiment: High-profile endorsements — Jim Cramer highlighted Casey’s as a strong, under-the-radar company, which can attract retail interest and short-term flows. Jim Cramer on Casey’s: “This Is a Terrific Company That Tends to Fly Under the Radar”
• Positive Sentiment: Resilient consumer demand spotlighted — Commentary noting strong mid-cap performance and resilient demand supports Casey’s growth narrative. Casey’s General Stores (CASY) Rose on Resilient Consumer Demand
• Positive Sentiment: Analyst/stock-pick mentions — Zacks and other screeners have included CASY among favorable picks (interest-coverage and DuPont analysis screens), and one aggregator reports an average “Moderate Buy” analyst rating. Philip Morris & 3 More Stocks With Strong Interest Coverage to Buy Now Casey’s General Stores, Inc. (NASDAQ:CASY) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Press commentary on the S&P spotlights Casey’s momentum but is largely interpretive—useful for sentiment but not new fundamentals. S&P 500 Snaps Up One of the Market’s Fast‑Rising Stocks—Should You Buy It?
• Neutral Sentiment: Short-interest report shows no actionable data (reported as zero/NaN), so short pressure doesn’t explain today’s move. (No meaningful short-interest signal available.)
• Negative Sentiment: Mixed fundamentals and valuation risk — Most recent quarter beat on EPS but missed revenue; Casey’s now trades well above its 50- and 200-day moving averages and at a relatively elevated P/E (~42), which can trigger profit-taking after the stock’s strong run to a 12‑month high.

Insider Activity at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the purchase, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 2.7%

Shares of NASDAQ CASY opened at $738.17 on Friday. Casey’s General Stores, Inc. has a 12-month low of $430.00 and a 12-month high of $774.23. The stock has a market cap of $27.28 billion, a PE ratio of 42.37, a P/E/G ratio of 2.47 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $685.16 and a 200 day moving average of $605.84.

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

Casey’s General Stores Announces Dividend

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

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Wells Fargo & Company upped their price objective on shares of Casey’s General Stores from $725.00 to $745.00 and gave the company an “overweight” rating in a research note on Tuesday, March 10th. Stephens reaffirmed an “overweight” rating and set a $680.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, March 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $700.09.

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.