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
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.
See Also
- Five stocks we like better than Casey’s General Stores
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.
