Chad Michael Frazell Sells 3,013 Shares of Casey’s General Stores (NASDAQ:CASY) Stock

Casey’s General Stores, Inc. (NASDAQ:CASY) insider Chad Michael Frazell sold 3,013 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the sale, the insider owned 9,823 shares in the company, valued at $7,735,514.27. The trade was a 23.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Casey’s General Stores Trading Down 1.3%

CASY traded down $10.51 during trading on Wednesday, reaching $784.28. The company had a trading volume of 507,011 shares, compared to its average volume of 547,657. 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 business has a 50 day simple moving average of $820.00 and a 200-day simple moving average of $708.73. The stock has a market cap of $29.03 billion, a P/E ratio of 40.93, a PEG ratio of 2.35 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.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the business posted $2.63 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts anticipate that Casey’s General Stores, Inc. will post 21.05 EPS 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 given a $0.65 dividend. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

Institutional Investors Weigh In On Casey’s General Stores

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CASY. Royal Bank Of Canada increased their price target on Casey’s General Stores from $794.00 to $850.00 and gave the stock a “sector perform” rating in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Wednesday, June 24th. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research note on Wednesday, June 10th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, Stephens set a $975.00 price target on Casey’s General Stores and gave the stock an “overweight” rating in a research report on Friday, June 12th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average target price of $939.29.

Key Casey’s General Stores News

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

• Positive Sentiment: Casey’s strong earnings beat, higher revenue, and continued sales momentum support the bull case for CASY.
• Positive Sentiment: The company increased its quarterly dividend to $0.65 per share, signaling healthy cash flow and confidence in future performance.
• Positive Sentiment: Director Mike Spanos bought shares, which can be seen as a positive insider signal. Article Title
• Neutral Sentiment: Analyst coverage remains constructive overall, with several firms maintaining bullish or higher price targets, but ratings are still mixed rather than uniformly positive.
• Neutral Sentiment: Recent articles also note Casey’s as a defensive retail name benefiting from lower gas prices and consumer selectivity, which is supportive but not a direct catalyst.
• Negative Sentiment: One insider sale by Katrina Lindsey may be weighing on sentiment, though it appears more like routine portfolio activity than a strong bearish signal.
• Negative Sentiment: Casey’s was reported to have dropped out of key Russell indexes, which can create short-term technical pressure from index-related fund flows. Article Title

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.