Rep. Rick Larsen Acquires Casey's General Stores, Inc. (NASDAQ:CASY) Shares

Key Points

• Rep. Rick Larsen disclosed an April 7 purchase of between $1,001 and $15,000 in Casey's General Stores (NASDAQ:CASY) shares held in his "RICHARD R LARSEN IRA," filed April 15.
• Casey's recently beat quarterly EPS estimates ($3.49 vs. $2.94) though revenue slightly missed; the stock trades with a market cap of about $27.25 billion and a P/E of ~42.3, near its 12‑month high.
• The company announced a quarterly dividend of $0.57 per share (annualized $2.28, yield ~0.3%, ex-dividend May 1), while insiders made small trades (a director bought 300 shares, an insider sold 200), and institutional ownership is roughly 85.6%.

Representative Rick Larsen (Democratic-Washington) recently bought shares of Casey's General Stores, Inc. NASDAQ: CASY. In a filing disclosed on April 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Casey's General Stores stock on April 7th. The trade occurred in the Representative's "RICHARD R LARSEN IRA" account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Broadridge Financial Solutions NYSE: BR on 4/7/2026.
• Sold $1,001 - $15,000 in shares of American Water Works NYSE: AWK on 4/7/2026.
• Sold $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/7/2026.
• Sold $1,001 - $15,000 in shares of American Express NYSE: AXP on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of Wabtec NYSE: WAB on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of Carrier Global NYSE: CARR on 4/7/2026.
• Sold $1,001 - $15,000 in shares of Sonida Senior Living NYSE: SNDA on 4/7/2026.

Casey's General Stores Price Performance

Shares of NASDAQ CASY opened at $737.22 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The stock has a market capitalization of $27.25 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 2.40 and a beta of 0.61. The firm's 50 day simple moving average is $692.83 and its 200-day simple moving average is $611.14. Casey's General Stores, Inc. has a 12 month low of $430.00 and a 12 month high of $774.23.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $4.08 billion. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 EPS. Analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.09%.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 200 shares of the firm's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares of the company's stock, valued at $2,758,798.56. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos purchased 300 shares of Casey's General Stores stock in a transaction dated Friday, March 13th. The shares were bought at an average price 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 approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Casey's General Stores

Institutional investors and hedge funds have recently bought and sold shares of the business. Foster Dykema Cabot & Partners LLC purchased a new position in Casey's General Stores in the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. grew its position in shares of Casey's General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company's stock valued at $26,000 after purchasing an additional 23 shares in the last quarter. Central Pacific Bank Trust Division grew its position in shares of Casey's General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company's stock valued at $30,000 after purchasing an additional 19 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Casey's General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Casey's General Stores in the third quarter valued at approximately $33,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CASY. Northcoast Research lowered shares of Casey's General Stores from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 21st. Evercore set a $665.00 price objective on Casey's General Stores and gave the stock an "outperform" rating in a research note on Tuesday, February 24th. KeyCorp reissued an "overweight" rating and set a $700.00 target price on shares of Casey's General Stores in a report on Thursday, February 12th. Zacks Research downgraded Casey's General Stores from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price target on Casey's General Stores from $725.00 to $745.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 10th. Eight research 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, the company has an average rating of "Moderate Buy" and a consensus price target of $700.09.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the 2026 election. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.

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