Jennison Associates LLC Acquires 1,251 Shares of Casey’s General Stores, Inc. $CASY

Jennison Associates LLC increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,548 shares of the company’s stock after buying an additional 1,251 shares during the period. Jennison Associates LLC’s holdings in Casey’s General Stores were worth $15,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wendell David Associates Inc. raised its stake in shares of Casey’s General Stores by 1.8% during the fourth quarter. Wendell David Associates Inc. now owns 8,590 shares of the company’s stock worth $4,748,000 after buying an additional 150 shares during the last quarter. Interchange Capital Partners LLC bought a new stake in Casey’s General Stores in the fourth quarter valued at approximately $374,000. Certuity LLC bought a new stake in Casey’s General Stores in the fourth quarter valued at approximately $553,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Casey’s General Stores by 30.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,648 shares of the company’s stock valued at $1,464,000 after purchasing an additional 618 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Casey’s General Stores by 76.9% in the fourth quarter. M&T Bank Corp now owns 2,259 shares of the company’s stock valued at $1,249,000 after purchasing an additional 982 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos acquired 300 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider directly owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores News Summary

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

• Positive Sentiment: KeyCorp raised several quarterly and annual EPS forecasts and reiterated an Overweight rating with an $860 price target — lifting Q4 2026, Q1/Q3/Q4 2027 and FY2026/FY2027 estimates (e.g., FY2027 to $20.40). The analyst upgrades tighten forward earnings expectations and support a higher valuation for CASY. MarketBeat – Casey’s General Stores (CASY)
• Positive Sentiment: Yahoo Finance piece outlines how Casey’s investment story is shifting as analyst targets and the valuation narrative move higher — reinforces the idea that upgrades and higher targets are changing investor positioning. How The Casey’s (CASY) Investment Story Is Shifting With New Analyst Targets And Valuation Narrative
• Positive Sentiment: The Motley Fool highlighted Casey’s as “a strong contender” in the convenience-store sector, emphasizing its business model, management track record and financials — supportive coverage for longer?term growth investors. Casey’s General Stores: A Strong Contender in the Convenience Store Sector
• Positive Sentiment: Zacks published a bullish take (“3 Reasons to Think ‘Yes'”) spotlighting growth attributes that could drive exceptional returns — another piece of positive third?party validation. Is Casey’s (CASY) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Neutral Sentiment: Consensus forward earnings remain elevated (MarketBeat/analyst consensus ~ $18.10–18.37 for FY2026), so upside depends on execution and same?store sales, fuel margins and M&A/integration performance — positive headlines boost sentiment, but fundamentals will need to catch up to justify higher multiples. MarketBeat – Casey’s General Stores (CASY)

Analyst Ratings Changes

CASY has been the subject of several recent analyst reports. KeyCorp upped their target price on shares of Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Royal Bank Of Canada upped their target price on shares of 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. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. Finally, Jefferies Financial Group upped their target price on shares of Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $725.09.

Casey’s General Stores Stock Up 1.7%

Shares of CASY stock opened at $835.92 on Friday. The firm has a fifty day moving average of $718.23 and a 200-day moving average of $627.40. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. Casey’s General Stores, Inc. has a 12-month low of $430.00 and a 12-month high of $836.71. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 47.99, a P/E/G ratio of 2.71 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.57 per share. 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 currently 13.09%.

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.