Casey's General Stores (CASY)

• Market cap: $14.6B
• 1 day: -1.06%
• 5 days: -2.69%
• 1 month: 3.13%
• 3 months: 6.07%
• 6 months: 18.87%
• Year to date: 44.61%
• 1 year: 41.96%
• 5 years: 135.16%
• 10 years: 393.30%
• Sector: Consumer Discretionary
• Industry: Auto Dealers & Gasoline Stations

About: Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.

Employees: 45,359

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 246 | Existing positions reduced: 234

1% less funds holding

Funds holding: 660 [Q2] → 655 (-5) [Q3]

7% less first-time investments, than exits

New positions opened: 71 | Existing positions closed: 76

5.55% less ownership

Funds ownership: 89.61% [Q2] → 84.06% (-5.55%) [Q3]

8% less capital invested

Capital invested by funds: $12.6B [Q2] → $11.6B (-$981M) [Q3]

38% less call options, than puts

Call options by funds: $55M | Put options by funds: $88.1M

45% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 6 (-5) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $300 25% downside
• Avg. target: $402 0% upside
• High target: $454 13% upside

11 analyst ratings

• positive: 7 64%
• neutral: 3 27%
• negative: 1 9%

Deutsche Bank Krisztina Katai 65% 1-year accuracy 11 / 17 met price target	13% upside $454	Buy Maintained	6 Nov 2024
Gordon Haskett Chuck Grom 71% 1-year accuracy 5 / 7 met price target	0% downside $400	Hold Initiated	4 Nov 2024
Evercore ISI Group Michael Montani 81% 1-year accuracy 13 / 16 met price target	10% upside $440	Outperform Maintained	16 Oct 2024
Melius Research Karen Short 75% 1-year accuracy 9 / 12 met price target	8% upside $435	Buy Initiated	23 Sept 2024
JP Morgan John Royall 31% 1-year accuracy 5 / 16 met price target	16% downside $337	Underweight Downgraded	19 Sept 2024