Casey's General Stores chief legal officer sells $109,251 in stock

ANKENY, Iowa—Lindsey Katrina S, Chief Legal Officer at Casey's General Stores Inc (NASDAQ:CASY), has reported the sale of company stock valued at $109,251. According to an SEC filing, the transactions took place on April 4, 2025, involving the sale of 250 shares of common stock. The shares were sold at prices ranging from $436.81 to $437.75. The transaction occurs as Casey's, with a market capitalization of $15.4 billion, trades near its 52-week high of $458.92. InvestingPro analysis indicates the stock is currently overvalued, despite the company's GREAT financial health rating.

Following these transactions, Lindsey Katrina S holds 2,443 shares of Casey's General Stores stock directly. Additionally, the filing disclosed indirect ownership of 149 shares through a 401(k) plan and 1,652 restricted stock units, which are set to vest in the coming years under the terms of the company's 2018 Stock Incentive Plan. The company has maintained dividend payments for 36 consecutive years, with a 16.3% dividend growth in the last twelve months. Get deeper insights into Casey's financial health and 8 additional exclusive ProTips with InvestingPro.

In other recent news, Casey's General Stores reported impressive financial results for the first quarter of 2025, with earnings per share (EPS) reaching $2.33, exceeding analyst forecasts by 14.8%. The company also surpassed revenue expectations, reporting $3.9 billion against a projected $3.76 billion. RBC Capital Markets responded by increasing Casey's price target to $438, reflecting confidence in the company's strategic positioning and financial performance. However, RBC maintained a Sector Perform rating, indicating a neutral stance on the stock's valuation. Meanwhile, BMO Capital Markets kept its Market Perform rating, citing valuation concerns despite Casey's strong quarterly results and innovative product offerings. The Fikes/CEFCO acquisition was highlighted by BMO as a significant factor in Casey's future financial contributions, although it is currently expected to be dilutive in the short term. Casey's continues to explore growth opportunities, including a test introduction of wings in its prepared food lineup, which could further drive inside sales.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.