Casey's General Stores (CASY) Insider Spanos Buys $199K of Stock
Mike Spanos recently purchased 256 shares of Casey's General Stores, Inc. stock.
Reviewed by automated data checks against the source filing. How we make and check alerts
Mike Spanos bought 256 shares of Casey's General Stores, Inc. ($CASY) at an average price of $778.81, worth about $199,375.36, on June 26, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $CASY is up 3.7% after 1 week, up 9.6% after 1 month and down 11.4% to date (from the $778.05 close on Jun 26, 2026).
Key Points
- Mike Spanos purchased 256 shares of Casey's General Stores, Inc. (NasdaqGS: CASY) on June 26, 2026, in a transaction valued at roughly $199,375.
- The stock changes hands near its 50-day moving average of $790.01, well above its 200-day moving average of $730.08.
- Several executives have transacted in recent weeks, including Chief Legal Officer Katrina Lindsey and CEO Darren Rebelez.
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Mike Spanos Buys Shares of Casey's General Stores
On June 26, 2026, Mike Spanos picked up 256 shares of Casey's General Stores, Inc. (NasdaqGS: CASY). The purchase was valued at approximately $199,375 based on a price of $778.81 per share. This transaction adds to the overall picture of executive stock trades at the convenience store chain.
Casey's Stock and Moving Averages
The shares trade around $768.50, sitting close to the 50-day moving average of $790.01 and well ahead of the 200-day moving average of $730.08. The company has a 52-week low of $497.38 and a 52-week high of $927.85. With a price-to-earnings ratio of 28.18 and a forward P/E of 24.96, the retail stock continues to see steady market interest as investors look toward the next earnings update.
Recent Insider Transactions at Casey's
Executive trades at Casey's have kept a steady pace over the summer. On June 15, 2026, CEO Darren Rebelez acquired 54,486 shares while Chief HR Officer Frazell Chad Michael picked up 7,736 shares. On that same day, Chief Legal Officer Katrina Lindsey sold 3,299 shares at an average price of $872.39 for a total value of $2,878,014.61. Lindsey followed that with a sale of 2,000 shares on June 29, 2026, at a price of $800.00 worth $1,600,000, and another disposal of 504 shares on June 30, 2026.
Wall Street Analyst Views on CASY
Analyst firms have adjusted their price targets and ratings through the autumn months. On October 15, 2026, RBC Capital upgraded the stock to an Outperform rating with an $825.00 price target. Earlier in September, Evercore ISI Group kept an Outperform rating with a $775.00 target, while UBS held a Neutral stance with a $720.00 target. Keybanc maintained its Overweight rating and set a $780.00 target on September 10, 2026. Wells Fargo kept an Overweight rating with a $750.00 target on September 9, 2026, and Stephens & Co. reiterated an Overweight rating with a $975.00 target that same day.
What Casey's General Stores Does
Based in Ankeny, Iowa, Casey's General Stores, Inc. operates a large network of convenience stores across the United States. The company's locations sell freshly prepared foods like pizza and donuts alongside beverages, groceries, and motor fuel. These stores serve as essential neighborhood stops in many smaller communities.
Looking Ahead to Earnings and Filings
Investors will watch for the next earnings report scheduled for December 8, 2026, for further details on revenue growth and profit margins. Insider transaction reports filed under SEC rules provide insight into how leaders manage their holdings, though they represent only one part of the wider financial picture. Market participants should review all available filings before making investment choices.
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.
Source: Mike Spanos's Form 4 filing on $CASY (Jun 26, 2026). Find the original filing: CASY Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts