Mike Spanos Buys 256 Shares of Casey's General Stores
Mike Spanos purchased 256 shares of Casey's General Stores, Inc. on June 26, 2026, for $199,375.36.
Key Points
- On June 26, 2026, Mike Spanos bought 256 shares of Casey's General Stores, Inc. at $778.81 each, totaling $199,375.36.
- Casey's stock traded near $800.70 on Tuesday, with a market cap of $28.81 billion and a P/E ratio of 40.6.
- Analysts recently maintained ratings with BNP Paribas setting a $995 target, reflecting ongoing interest in Casey's.
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Mike Spanos, an insider at Casey's General Stores, Inc. (NASDAQ:CASY), purchased 256 shares of the company on June 26, 2026. The shares were bought at an average price of $778.81, bringing the total transaction value to approximately $199,375.36. This purchase was not part of a pre-planned trading program.
Insider Buying and Selling at Casey's General Stores, Inc.
On June 26, 2026, Mike Spanos acquired 256 shares of Casey's General Stores at $778.81 each. Earlier in June, Casey's Chief Legal Officer Katrina Lindsey bought 7,096 shares, while Chief Merchandising Officer Thomas Brennan Jr. and Chief HR Officer Chad Michael Frazell sold 1,026 and 887 shares, respectively. Chief Financial Officer Stephen Bramlage Jr. and Chief Operating Officer Ena Koschel Williams also sold shares on June 15, 2026.
Other Institutional Activity in Casey's General Stores
Several institutional investors have adjusted their positions in Casey's recently. BlackRock, Inc. increased its holdings by 740,419 shares, bringing its total to over 4.2 million shares valued at approximately $3.09 billion, marking a 21.2% increase. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring about 1.86 million and 1.66 million shares, respectively. State Street Corp added 139,696 shares, a 11.3% increase, to hold 1.38 million shares worth about $1 billion. Meanwhile, Franklin Resources Inc. and Morgan Stanley reduced their holdings by 117,771 and 291,138 shares, respectively.
Casey's General Stores, Inc. Stock Up 1.7%
Shares of Casey's General Stores traded near $800.70 on Tuesday. The company boasts a market capitalization of approximately $28.81 billion and a P/E ratio of 40.6, with a forward P/E of 33.0. The stock has a 52-week range between $490.00 and $927.85. Casey's 50-day moving average is $818.76, while its 200-day moving average stands at $658.04. The company maintains a current ratio of 1.01 and a quick ratio of 0.575, with a debt-to-equity ratio of 73.514.
$CASY stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Casey's General Stores reported revenue of $17.56 billion, with a growth rate of 14.5%. Earnings per share came in at $19.16, with a net margin of 4.1% and a return on equity of 19.2%. The company is scheduled to announce its next earnings 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 General Stores pays an annual dividend rate of $2.36, yielding 0.3%. The dividend payout ratio stands at 11.9%.
Analysts Set New Price Targets
On June 25, 2026, BNP Paribas maintained a 'buy' rating for Casey's General Stores with a price target of $995. Goldman Sachs and RBC Capital both maintained 'hold' ratings with respective targets of $795 and $850. Evercore ISI Group also reiterated a 'buy' rating, setting a target of $975 on June 23, 2026. The consensus among 17 analysts is a 'buy' recommendation, with an average price target of $954.12.
About Casey's General Stores
Casey's General Stores, Inc., based in Ankeny, Iowa, operates convenience stores across the United States. The company offers a wide range of products including pizza, donuts, beverages, and motor fuel. Founded in 1959, Casey's employs approximately 23,490 people and is led by CEO Darren M. Rebelez. The company also runs distribution centers and provides car wash services.
Bottom Line
Mike Spanos' recent purchase of Casey's shares highlights ongoing insider interest in the company. Investors watch insider transactions for insights into potential company performance. However, it's important to remember that such filings reflect past actions and may not indicate current positions or future intentions.
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