Casey's General Stores (NASDAQ:CASY) Insider Katrina Lindsey Sells 2,000 Shares

Key Points

• Insider sale: Casey’s General Stores insider Katrina Lindsey sold 2,000 shares at $800 each, totaling $1.6 million, reducing her holdings by about 23%. The transaction was disclosed in an SEC filing.
• Strong quarterly results: The company reported quarterly EPS of $4.37, beating estimates by $1.06, on revenue of $4.57 billion, which also topped expectations. Revenue rose 14.5% year over year.
• Dividend and analyst sentiment: Casey’s raised its quarterly dividend to $0.65 per share from $0.57, and analysts remain generally constructive with a consensus rating of Moderate Buy and a target price of $939.29.

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) insider Katrina Lindsey sold 2,000 shares of the company's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the transaction, the insider directly owned 6,668 shares in the company, valued at $5,334,400. This trade represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Casey's General Stores Stock Up 1.9%

Shares of NASDAQ:CASY traded up $14.55 during midday trading on Tuesday, hitting $794.79. 644,962 shares of the stock were exchanged, compared to its average volume of 547,987. The company has a market capitalization of $29.41 billion, a PE ratio of 41.48, a P/E/G ratio of 2.34 and a beta of 0.61. Casey's General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The business's fifty day simple moving average is $819.20 and its two-hundred day simple moving average is $706.89.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $1.06. Casey's General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. The business's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts predict that Casey's General Stores, Inc. will post 21.05 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.57. Casey's General Stores's dividend payout ratio (DPR) is presently 13.57%.

Analysts Set New Price Targets

A number of research firms have issued reports on CASY. JPMorgan Chase & Co. lifted their target price on shares of Casey's General Stores from $719.00 to $975.00 and gave the company a "neutral" rating in a research note on Friday, June 12th. Morgan Stanley upgraded shares of Casey's General Stores to a "buy" rating in a report on Wednesday, June 10th. The Goldman Sachs Group boosted their price target on Casey's General Stores from $695.00 to $795.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Jefferies Financial Group increased their price objective on Casey's General Stores from $700.00 to $780.00 and gave the company a "buy" rating in a report on Tuesday, March 10th. Finally, Wells Fargo & Company lifted their price target on shares of Casey's General Stores from $910.00 to $960.00 and gave the company an "overweight" rating in a research report on Thursday, June 11th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $939.29.

Key Stories Impacting Casey's General Stores

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

• Positive Sentiment: Casey’s continues to show strong inside same-store sales growth, supported by menu innovation, value pricing, and broader gains across food, beverages, and merchandise. What's Driving Casey's Strong Inside Same-Store Sales Growth?
• Positive Sentiment: Director Mike Spanos bought 256 shares at $778.81, a modest but confidence-boosting insider purchase that suggests management sees value in the stock. Insider Buying: Casey's General Stores NASDAQ: CASY Director Purchases 256 Shares of Stock
• Positive Sentiment: BMO Capital Markets upgraded Casey’s from market perform to outperform and set a $950 price target, reinforcing the bullish analyst tone around the shares. Here Are Monday's Best Wall Street Analyst Research Calls
• Positive Sentiment: The company also raised its quarterly dividend to $0.65 per share, signaling continued confidence in cash generation and shareholder returns. Casey's General Stores Stock and Dividend Information
• Neutral Sentiment: Casey’s was also highlighted in several stock-picking and dividend-stock articles, which may add visibility but do not change the underlying fundamentals. Is Casey’s General Stores, Inc. (CASY) A Good Stock To Buy Now?
• Neutral Sentiment: The stock has been treated as a momentum name by some market commentary, reflecting strong recent trading interest rather than a specific new catalyst. Here's Why Casey's General Stores (CASY) Is a Strong Momentum Stock
• Negative Sentiment: Not all analyst commentary is bullish: Zacks Research downgraded the stock to hold earlier this month, and Royal Bank of Canada kept a sector perform rating, which may temper enthusiasm. Analyst Ratings Changes for Casey's General Stores

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CASY. Foster Dykema Cabot & Partners LLC acquired a new stake in Casey's General Stores during the third quarter worth about $25,000. Central Pacific Bank Trust Division lifted its position in shares of Casey's General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company's stock worth $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC lifted its position in shares of Casey's General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company's stock worth $30,000 after acquiring an additional 42 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Casey's General Stores during the 1st quarter worth approximately $33,000. Finally, ORG Partners LLC grew its holdings in shares of Casey's General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company's stock worth $34,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 85.63% 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.

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