Hudson Bay Capital Management LP Invests $2.86 Million in Casey’s General Stores, Inc. $CASY

Hudson Bay Capital Management LP purchased a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,052 shares of the company’s stock, valued at approximately $2,856,000.

Several other hedge funds have also made changes to their positions in the company. Foster Dykema Cabot & Partners LLC acquired a new position in Casey’s General Stores in the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. grew its position in Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores during the 3rd quarter valued at $33,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Casey’s General Stores during the 3rd quarter valued at $35,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Casey’s General Stores by 490.9% in the third quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock valued at $34,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research analyst reports. Evercore set a $665.00 price target on Casey’s General Stores and gave the company an “outperform” rating in a report on Tuesday, February 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. UBS Group raised their price objective on Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $698.20.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $659.63 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $24.38 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.65. The company has a 50 day moving average price of $653.30 and a two-hundred day moving average price of $586.40. Casey’s General Stores, Inc. has a 12-month low of $391.55 and a 12-month high of $696.66.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.94 by $0.55. The company 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%. Casey’s General Stores’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 EPS. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Key Stories Impacting Casey’s General Stores

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

• Positive Sentiment: Zacks Research raised multiple near‑term and FY2026 EPS estimates for Casey’s (notably Q1 2028 to $6.90 from $6.56, Q2 2028 to $6.65 from $6.41, Q1 2027 to $6.28 from $6.05, Q2 2027 to $6.05 from $5.91, Q4 2026 to $3.28 from $3.05, and FY2026 to $18.07 from $17.20). Upward revisions signal improving analyst views on profitability and could support longer‑term valuation. MarketBeat CASY
• Neutral Sentiment: Macro/geopolitical context: Zacks published a piece recommending low‑leverage stocks as safer holdings amid Middle East tensions and market volatility — a backdrop that can both push investors toward defensive names and compress near‑term trading in discretionary/retail-related stocks. Bet on These 5 Low‑Leverage Stocks
• Neutral Sentiment: Short interest data in the most recent report is effectively a non‑reading (reported as zero shares / anomalous values), so there’s no clear short‑pressure signal to explain today’s move.
• Negative Sentiment: Wall Street Zen downgraded Casey’s to a “Hold” in a recent note — a downgrade can prompt some selling or reduce upside momentum even as some analysts raise earnings estimates. Casey’s Downgraded by Wall Street Zen

Insiders Place Their Bets

In related news, Director Moats Maria Castanon purchased 300 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was bought at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the purchase, the director owned 803 shares in the company, valued at $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mike Spanos acquired 300 shares of the stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares in the company, valued at $2,993,769.57. The trade was a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

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.