Casey's General Stores Insider Katrina Lindsey Sells Shares
Katrina Lindsey, Chief Legal Officer at Casey's, sold 3,299 shares worth $2.88 million.
Key Points
- Katrina Lindsey, Chief Legal Officer at Casey's General Stores, sold 3,299 shares on June 15, 2026, at $872.39 each, totaling $2.88 million.
- Casey's General Stores has a market cap of about $32.07 billion, a P/E ratio of 45.23, and a 52-week range between $490 and $927.85.
- Analysts maintain a positive outlook, with Evercore ISI Group and others setting price targets between $945 and $990.
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Katrina Lindsey, the Chief Legal Officer at Casey's General Stores, Inc. (NASDAQ: CASY), sold 3,299 shares of the company on June 15, 2026. The shares were sold at an average price of $872.39 each, amounting to a total transaction value of approximately $2.88 million.
Insider Buying and Selling at Casey's General Stores, Inc.
Katrina Lindsey's recent sale is part of a series of insider transactions at Casey's. On the same day, several other executives also engaged in share transactions. Chief Financial Officer Stephen Bramlage sold 7,278 shares, while Chief Operating Officer Ena Koschel Williams sold 7,237 shares. Additionally, Ena Koschel Williams bought 1,741 shares. These transactions were not part of any pre-planned trading programs.
Other Institutional Activity in Casey's General Stores
BlackRock, Inc. increased its holdings in Casey's by 740,419 shares, bringing its total to 4,238,547 shares valued at about $3.09 billion. Vanguard Portfolio Management LLC added 1,857,617 shares, ending with the same number of shares worth approximately $1.35 billion. Vanguard Capital Management LLC mirrored this addition, also holding 1,663,162 shares valued at $1.21 billion. State Street Corp grew its stake by 139,696 shares to 1,378,641 shares, valued at $1.00 billion. However, Franklin Resources Inc. reduced its holdings by 117,771 shares, now holding 950,911 shares valued at $692.13 million.
Casey's General Stores, Inc. Stock Up 12.6%
Shares of Casey's General Stores traded near $850.51 recently. The company boasts a market cap of around $32.07 billion and a P/E ratio of 45.23. Its stock has seen a 52-week low of $490 and a high of $927.85. The stock's 50-day moving average is $808.56, and its 200-day moving average is $647.22. Casey's has a current ratio of 1.01 and a debt-to-equity ratio of 73.16.
$CASY stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Casey's reported revenue of approximately $17.56 billion, reflecting a growth of 14.5%. The company's net margin stands at 4.07%, with a return on equity of 19.15%. Earnings per share (EPS) were reported at $19.13. The next earnings release is scheduled for September 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 30.0%. Revenue beat estimates by 4.2%.
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Profit surprise
EBITDA missed by 24 percent. Operating income missed by 37 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
8 target raises.
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Earnings quality
Gross margin up 2.8 points. Operating margin down 1.3 points. Positive free cash flow.
Earnings Call Summary
Casey's delivered a strong second quarter with revenue of $4.57 billion, up 14 percent year over year, driven by inside sales growth and fuel gallons. The company gained market share in fuel despite a regional decline of 2 percent, benefiting from strong prepared food sales, particularly whole pies and breakfast items. Inside margins improved 20 basis points to 42.4 percent, with prepared food margins of 58.6 percent. Management credited consistent execution, a strong guest value proposition, and improved cost management including lower cheese costs. Traffic increased 1.5 percent, and the company is on track with Cefco integration, planning store conversions to start in the new calendar year.
Guidance Casey's raised its full-year EBITDA growth outlook to 15 to 17 percent, up from prior expectations. Inside same-store sales are now guided to grow 3 to 4 percent, with inside margins expected to be 41 to 42 percent. The company also expects the tax rate to be 24 to 25 percent.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Casey's offers an annual dividend rate of $2.36, yielding 0.27%. The dividend payout ratio is approximately 11.9%.
Analysts Set New Price Targets
On June 12, 2026, Evercore ISI Group maintained its 'buy' rating for Casey's General Stores, setting a price target of $990. JP Morgan also maintained a 'hold' rating with a target of $975. Stephens & Co. echoed the 'buy' sentiment with a target of $975. UBS and Wells Fargo maintained 'hold' and 'buy' ratings respectively, with targets ranging from $945 to $960. The consensus recommendation is a 'buy', with an average target price of $945 based on 16 analyst opinions.
About Casey's General Stores
Casey's General Stores, Inc., headquartered in Ankeny, Iowa, operates convenience stores across the United States. Founded in 1959, the company offers a range of products including pizza, sandwiches, tobacco, beverages, and motor fuel. Casey's also provides services such as ATM access and car washes, and it operates distribution centers to support its retail operations.
Bottom Line
Katrina Lindsey's recent stock sale at Casey's General Stores is a notable insider activity, attracting attention to the company's current standing and future prospects. Despite the insider sales, institutional investors like BlackRock and Vanguard have shown confidence by increasing their stakes. Analysts remain optimistic about the company's stock, maintaining favorable ratings and setting ambitious price targets. As always, it's important to remember that insider transactions are reported after the fact and may not reflect current positions.
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