CASEY’S GENERAL STORES, INC.
In the published model solve dated 2026-Q2, anchored at $766.20, CASEY’S GENERAL STORES, INC. (CASY) is priced for today's economics sustained for ~5.0 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Fuel supplies about 60% of Casey's revenue, yet the FY2026 10-K states that prepared food, dispensed beverage, grocery and general merchandise, at roughly 36% of total revenue over the last three years, produced approximately 63% of revenue less cost of goods sold. • Net unit growth is slower than the expansion story implies: the base moved from 2,904 stores to 2,944 during fiscal 2026, after 40 built, 40 acquired and 41 closed. • The line to watch is operating expense, which absorbed roughly
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933 institutional managers reported holding CASY in 13F filings for the quarter ended 2026-03-31. Together they hold about 83% of the company; the top 10 hold 39%. 163 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 1.4M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (1.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CASY's share count is about flat over the past five years ($306.14M of repurchases, offset by issuance). It pays a dividend, and has paid one every year in our records (17 and counting), raised 16 years straight; the current rate is $1.52 a share annually. Cash returned over the past three years: $218.36M in dividends and $306.14M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CASY over the trailing three years: 2024: 3 buys totaling $499k; 2025: 2 buys totaling $201k; 2026: 3 buys totaling $565k. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CASY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-24 | -4.5% | +8.8% |
| 2023-09-12 | +10.0% | +5.8% |
| 2023-12-12 | +1.7% | +2.9% |
| 2024-03-12 | -2.7% | +14.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CASY's latest 8-K filings: 2026-06-24 (items 7.01, 9.01); 2026-06-09 (items 2.02, 5.02, 5.03, 8.01, 9.01); 2026-06-08 (items 5.02, 7.01, 9.01); 2026-03-09 (items 2.02, 9.01); 2025-12-09 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.