Key Points
- Casey’s insider Chad Michael Frazell sold 3,013 shares on June 30 at an average price of $787.49, totaling about $2.37 million. After the sale, he still held 9,823 shares, reducing his ownership by 23.47%.
- The company reported strong quarterly results, with EPS of $4.37 versus the $3.31 estimate and revenue of $4.57 billion versus $4.33 billion expected. Revenue rose 14.5% year over year, and Casey’s also posted solid margins and returns.
- Casey’s raised its quarterly dividend to $0.65 per share from $0.57, which will be paid on August 14. The increase lifts the annualized payout to $2.60 per share, though the yield remains low at about 0.3%.
Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) insider Chad Michael Frazell sold 3,013 shares of the firm's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the sale, the insider owned 9,823 shares of the company's stock, valued at $7,735,514.27. This trade represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Casey's General Stores Stock Performance
Casey's General Stores stock opened at $784.28 on Thursday. The stock's 50 day simple moving average is $820.32 and its two-hundred day simple moving average is $710.44. 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 stock has a market cap of $29.03 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 2.39 and a beta of 0.62. Casey's General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. The firm 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%.The business's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.63 EPS. As a group, analysts expect 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. Shareholders of record on Saturday, August 1st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is a positive change 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 is currently 11.90%.
Institutional Investors Weigh In On Casey's General Stores
Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Casey's General Stores by 179,938.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company's stock worth $1,469,747,000 after buying an additional 2,657,687 shares in the last quarter. Norges Bank bought a new position in Casey's General Stores during the 4th quarter valued at about $265,163,000. 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. Goldman Sachs Group Inc. boosted its holdings in shares of Casey's General Stores by 175.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company's stock valued at $260,622,000 after acquiring an additional 300,249 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Casey's General Stores by 115.9% during the 4th quarter. Corient Private Wealth LLC now owns 423,666 shares of the company's stock valued at $234,164,000 after acquiring an additional 227,403 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Casey's General Stores from $805.00 to $945.00 and gave the stock a "neutral" rating in a research report on Thursday, June 11th. BNP Paribas Exane lowered their price target on shares of Casey's General Stores from $1,032.00 to $995.00 and set an "outperform" rating for the company in a research report on Thursday, June 25th. BMO Capital Markets upgraded shares of Casey's General Stores from a "market perform" rating to an "outperform" rating and set a $950.00 price objective on the stock in a report on Monday. KeyCorp raised 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 research note on Thursday, June 11th. Finally, Morgan Stanley upgraded shares of Casey's General Stores to a "buy" rating in a report on Wednesday, June 10th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $939.29.
Get Our Latest Research Report on CASY
Casey's General Stores News Roundup
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
(
Get Free Report)
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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