Mike Spanos Acquires 256 Shares of Casey’s General Stores (NASDAQ:CASY) Stock

Casey’s General Stores, Inc. (NASDAQ:CASY) Director Mike Spanos acquired 256 shares of the stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of $778.81 per share, with a total value of $199,375.36. Following the completion of the purchase, the director owned 4,758 shares of the company’s stock, valued at approximately $3,705,577.98. The trade was a 5.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $794.79 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The firm has a market cap of $29.42 billion, a P/E ratio of 41.48, a P/E/G ratio of 2.35 and a beta of 0.61. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year high of $927.85. The firm has a 50-day moving average of $820.00 and a 200-day moving average of $708.73.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly 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. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.Casey’s General Stores’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 EPS. Sell-side analysts expect that Casey’s General Stores, Inc. will post 21.05 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm 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. 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. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s payout ratio is 11.90%.

Key Casey’s General Stores News

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

Analysts Set New Price Targets

A number of research analysts have issued reports on CASY shares. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Royal Bank Of Canada raised their target price on shares of Casey’s General Stores from $794.00 to $850.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 25th. William Blair began coverage on shares of Casey’s General Stores in a research note on Wednesday, May 20th. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Wednesday, June 24th. Finally, Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $939.29.

Hedge Funds Weigh In On Casey’s General Stores

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Casey’s General Stores by 179,938.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after buying an additional 2,657,687 shares during the last quarter. Franklin Resources Inc. lifted its stake in Casey’s General Stores by 40.9% during the 4th quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after acquiring an additional 310,470 shares during the period. Victory Capital Management Inc. lifted its stake in Casey’s General Stores by 35.4% during the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after acquiring an additional 206,777 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Casey’s General Stores by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after acquiring an additional 52,250 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Casey’s General Stores by 12.6% during the 4th quarter. Invesco Ltd. now owns 572,152 shares of the company’s stock valued at $316,234,000 after acquiring an additional 64,154 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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.