Katrina Lindsey Sells 2,000 Shares of Casey’s General Stores (NASDAQ:CASY) Stock

Casey’s General Stores, Inc. (NASDAQ:CASY) insider Katrina Lindsey sold 2,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. The trade was a 23.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Casey’s General Stores Trading Down 1.3%

CASY opened at $784.28 on Thursday. The firm has a market capitalization of $29.03 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 2.39 and a beta of 0.62. The company’s 50 day simple moving average is $820.32 and its two-hundred day simple moving average is $710.44. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (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 business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the business earned $2.63 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts expect that Casey’s General Stores, Inc. will post 21.05 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is currently 11.90%.

Analyst Ratings Changes

CASY has been the topic of several recent research reports. Royal Bank Of Canada boosted their price target on shares of Casey’s General Stores from $794.00 to $850.00 and gave the company a “sector perform” rating in a research report on Thursday, June 25th. William Blair assumed coverage on shares of Casey’s General Stores in a research report on Wednesday, May 20th. They set an “outperform” rating for the company. Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. KeyCorp boosted their target price on shares of Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Finally, Evercore reissued an “outperform” rating and issued a $990.00 price target on shares of Casey’s General Stores in a research note on Friday, June 12th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $939.29.

Hedge Funds Weigh In On Casey’s General Stores

A number of hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in Casey’s General Stores by 24.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,543 shares of the company’s stock valued at $4,035,000 after buying an additional 1,096 shares during the period. S&A Financial Services Inc. purchased a new position in Casey’s General Stores during the first quarter worth about $207,000. FAS Wealth Partners Inc. purchased a new position in Casey’s General Stores during the first quarter worth about $203,000. First Nebraska Trust Co acquired a new stake in shares of Casey’s General Stores during the first quarter valued at about $853,000. Finally, Glenmede Trust Co. NA increased its position in shares of Casey’s General Stores by 6.8% during the first quarter. Glenmede Trust Co. NA now owns 707 shares of the company’s stock valued at $515,000 after acquiring an additional 45 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Key Casey’s General Stores News

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

• Positive Sentiment: Casey’s reported strong quarterly results, including EPS of $4.37 versus $3.31 expected and revenue of $4.57 billion versus $4.33 billion expected, reinforcing the company’s momentum. Article Title
• Positive Sentiment: Recent coverage highlighted strong inside same-store sales growth, driven by menu innovation, value pricing, and growth in food, beverages, and merchandise. Article Title
• Positive Sentiment: The company raised its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash generation and adding income appeal. Article Title
• Positive Sentiment: Analysts remain constructive overall, with multiple firms lifting price targets and consensus still sitting at a “Moderate Buy.” Article Title
• Neutral Sentiment: Director Mike Spanos bought 256 shares, a modest insider purchase that suggests confidence but is too small to be a major catalyst. Article Title
• Neutral Sentiment: Insider selling by Katrina Lindsey and Chad Michael Frazell may weigh on sentiment, but the sales appear to be routine portfolio reductions rather than a clear change in business fundamentals. Article Title
• Negative Sentiment: News that Casey’s dropped out of key Russell indexes could create technical selling pressure from index-linked funds and help explain some of the weakness. Article Title

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.