Katrina Lindsey Sells Shares of Casey's General Stores
Casey's Chief Legal Officer sold 2,000 shares valued at $1.6M.
Key Points
- Katrina Lindsey, Chief Legal Officer of Casey's General Stores, sold 2,000 shares at $800 each on June 29, 2026.
- Casey's shares traded near $768.50 on Wednesday with a market cap of $29.4 billion and a P/E ratio of 41.5.
- Institutional investors like BlackRock and Vanguard have adjusted their positions in Casey's, with varied changes in shares.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Katrina Lindsey, the Chief Legal Officer at Casey's General Stores, Inc. (NASDAQ: CASY), sold 2,000 shares of the company on June 29, 2026. The shares were sold at an average price of $800 each, totaling $1.6 million. This transaction was not part of a pre-planned trading arrangement.
Insider Buying and Selling at Casey's General Stores, Inc.
Several insider transactions have taken place at Casey's General Stores recently. On June 29, 2026, Katrina Lindsey sold 2,000 shares at $800 each. Earlier, on June 15, 2026, she purchased 7,096 shares. Other insiders such as Mike Spanos and Chief Merchandising Officer Thomas Brennan Jr. have also been active, with Spanos buying 256 shares on June 26, 2026, and Brennan selling 1,026 shares on June 15, 2026.
Other Institutional Activity in Casey's General Stores
Institutional investors have been adjusting their holdings in Casey's. BlackRock, Inc. increased its stake by 740,419 shares, bringing its total to 4,238,547 shares worth about $3.09 billion, a 21.2% increase. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with each holding over 1.8 million shares now valued at approximately $1.35 billion and $1.21 billion, respectively. Meanwhile, State Street Corp added 139,696 shares, a boost of 11.3%, ending with 1,378,641 shares valued around $1.00 billion. In contrast, Franklin Resources Inc. and Morgan Stanley reduced their holdings, with Morgan Stanley cutting 291,138 shares, a 23.7% decrease.
Casey's General Stores, Inc. Stock Up 3.0%
Shares of Casey's General Stores traded near $768.50 on Wednesday. The company has a market capitalization of approximately $29.4 billion and a P/E ratio of 41.5. Its stock has seen a 52-week low of $490.00 and a high of $927.85. The 50-day moving average is $819.62, while the 200-day moving average stands at $659.25. Casey's has a current ratio of 1.01 and a quick ratio of 0.575.
$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%. The company's net margin is 4.07%, and its return on equity is 19.15%. Earnings per share stand at $19.15. The next earnings report is expected on September 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
8 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 30.0%. Revenue beat estimates by 4.2%.
-
Profit surprise
EBITDA missed by 24 percent. Operating income missed by 37 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
8 target raises.
-
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 0.3%. The dividend payout ratio is 11.9%.
Analysts Set New Price Targets
Analysts have maintained various ratings on Casey's stock. On June 25, 2026, BNP Paribas maintained a 'buy' rating with a price target of $995. Goldman Sachs and RBC Capital both kept 'hold' ratings with targets of $795 and $850, respectively. The consensus among 17 analysts is a 'buy' recommendation, with a mean price target of $954.12.
About Casey's General Stores
Casey's General Stores, Inc. operates convenience stores under the Casey's name in the United States, offering a range of products including prepared foods, beverages, and motor fuel. The company, headquartered in Ankeny, Iowa, was founded in 1959 and employs around 23,490 people. It is led by CEO Darren M. Rebelez.
Bottom Line
Insider transactions like those by Katrina Lindsey provide insight into the activities of company executives. Investors often track these moves, along with institutional activity, to gauge market sentiment. It's important to remember that filings and disclosures may not reflect current positions as they are reported after the fact.
Get Casey's General Stores, Inc. alerts
New 13F filings, insider trades, and analyst moves on $CASY, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.