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

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

Casey’s General Stores Trading Up 1.9%

Shares of NASDAQ CASY opened at $794.79 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $820.00 and its two-hundred day moving average price is $708.73. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a market capitalization of $29.42 billion, a P/E ratio of 41.48, a PEG ratio of 2.35 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the firm earned $2.63 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: BMO Capital Markets upgraded Casey’s General Stores (CASY) to “outperform” and set a $950 target, reinforcing a bullish analyst view after strong earnings and growth trends. Article Title
• Positive Sentiment: Recent coverage highlighted Casey’s strong inside same-store sales growth, supported by menu innovation, value pricing, and growth in food, beverages, and merchandise. Article Title
• Positive Sentiment: The company’s dividend was increased to $0.65 per share quarterly, signaling confidence in cash generation and adding to the stock’s income appeal. Article Title
• Positive Sentiment: Director Mike Spanos bought 256 shares, a small but constructive insider purchase that can be read as a vote of confidence from management. Article Title
• Neutral Sentiment: Analyst commentary remains generally positive overall, but some firms have mixed ratings and target changes, keeping sentiment constructive rather than universally bullish.
• Neutral Sentiment: One insider sale by Katrina S. Lindsey, involving 2,000 shares, may draw attention, but it appears more like portfolio activity than a clear negative signal on the business. Article Title

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CASY shares. The Goldman Sachs Group increased their target price on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Wednesday, June 24th. Jefferies Financial Group increased their price objective on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the stock an “overweight” rating in a report on Friday, June 12th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $939.29.

Hedge Funds Weigh In On Casey’s General Stores

Several institutional investors have recently modified their holdings of CASY. Foster Dykema Cabot & Partners LLC bought a new stake in Casey’s General Stores in the 3rd quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Casey’s General Stores in the first quarter valued at approximately $33,000. True Wealth Design LLC raised its holdings in shares of Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares during the last quarter. Finally, RMG Wealth Management LLC boosted its position in shares of Casey’s General Stores by 250.0% during the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after buying an additional 40 shares during the period. Institutional investors 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.