Katrina Lindsey Sells Shares of Casey's General Stores
Chief Legal Officer Katrina Lindsey sold 504 shares of Casey's on June 30, 2026.
Key Points
- Katrina Lindsey, Chief Legal Officer, sold 504 shares of Casey's General Stores, Inc. on June 30, 2026.
- Shares of NASDAQ:CASY traded near $768.5 on Wednesday with a market cap of $29.41 billion and a P/E ratio of 41.5.
- Analysts have set new price targets for Casey's, with BNP Paribas maintaining a 'buy' rating and a target of $995.
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Katrina Lindsey, the Chief Legal Officer of Casey's General Stores, Inc. (NASDAQ: CASY), sold 504 shares of the company on June 30, 2026. The transaction was not part of a pre-planned trading program.
Casey's General Stores, Inc. Stock Up 3.5%
Shares of NASDAQ:CASY traded near $768.5 on Wednesday. The company, which operates convenience stores across the United States, has a market cap of approximately $29.41 billion. It trades with a P/E ratio of 41.5 and a forward P/E of 33.7. The stock's 52-week range is between $490.0 and $927.85, with a 50-day moving average of $819.62 and a 200-day moving average of $659.25. Casey's maintains a current ratio of 1.01 and a debt-to-equity ratio of 73.51.
$CASY stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Casey's reported revenue of $17.56 billion, reflecting a growth rate of 14.5%. The company's earnings per share (EPS) stood at $19.15, with a net margin of 4.07% and a return on equity (ROE) of 19.15%. The next earnings report is anticipated on 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, translating to a yield of 0.3%. The dividend payout ratio is a modest 11.9%.
Insider Buying and Selling at Casey's General Stores, Inc.
On June 30, 2026, Katrina Lindsey, Chief Legal Officer at Casey's, sold 504 shares. The day before, on June 29, she sold an additional 2,000 shares at an average price of $800 each. Earlier in June, on the 15th, Lindsey acquired 7,096 shares. Meanwhile, other executives, including Chief Merchandising Officer Thomas Jr. Brennan and Chief HR Officer Chad Michael Frazell, sold 1,026 and 887 shares, respectively, on June 15.
Analysts Set New Price Targets
On June 25, 2026, BNP Paribas maintained a 'buy' rating on Casey's with a price target of $995. Goldman Sachs and RBC Capital both retained 'hold' ratings with targets of $795 and $850, respectively. Evercore ISI Group also maintained a 'buy' rating with a target of $975 on June 23. Overall, the consensus is a 'buy' recommendation with an average target price of $954.12.
About Casey's General Stores
Casey's General Stores, Inc. operates a chain of convenience stores primarily in the Midwest. Headquartered in Ankeny, Iowa, the company offers a range of products including prepared foods like pizza and sandwiches, beverages, and motor fuels. Founded in 1959, Casey's has grown to employ nearly 23,490 people under the leadership of CEO Darren M. Rebelez.
Bottom Line
Katrina Lindsey's recent sale of shares comes as Casey's General Stores continues to perform robustly in the market. Investors keep a close eye on insider transactions as potential indicators of company health. This sale does not necessarily imply a negative outlook, as insiders may sell shares for a variety of personal reasons. As always, it's important to remember that 13F filings and insider sales are backward-looking and may not reflect current positions.
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