Casey's General Stores is a Fortune 500 company operating over 2,200 convenience stores in 16 states. Founded more than 50 years ago, the company has grown to become the fourth-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey's provides freshly prepared foods, quality fuel, and friendly service at every location. Guests can enjoy famous, made-from-scratch pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks.

Company profile
Ticker
CASY
Exchange
Website
CEO
Darren Rebelez
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Casey’s Marketing Company • Casey’s Services Company • Casey’s Retail Company • CGS Stores, LLC • Heartland Property Company, LLC • Bucks, LLC • Buchanan Energy • Buck’s, LLC • C.T. Jewell Company, Inc. • CGS Stores, LLC ...
IRS number
420935283
CASY stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For August 18, 2022
18 Aug 22
Expert Ratings for Casey's General Stores
18 Aug 22
Target To $200? Here Are 5 Other Price Target Changes For Thursday
18 Aug 22
Stephens & Co. Maintains Overweight on Casey's General Stores, Raises Price Target to $250
18 Aug 22
Wolfe Research Initiates Coverage On Casey's General Stores with Outperform Rating, Announces Price Target of $228
18 Aug 22
Press releases
Casey's Announces Timing of First Quarter Earnings Release and Conference Call
16 Aug 22
Month-long Cash for Classrooms Campaign Kicks Off Across Casey's Communities
3 Aug 22
Changes in Lifestyle & Consumption Habits of Consumers Driving Global Beverage Markets
30 Jun 22
Casey's Announces Information Technology Leader Sri Donthi Joins its Board of Directors
27 Jun 22
Casey's Launches Limited-Time, All-New BBQ Brisket Pizza
22 Jun 22
Analyst ratings and price targets
Current price
Average target
$242.20
Low target
$228.00
High target
$255.00
Stephens & Co.
Maintains
$250.00
Wolfe Research
Initiated
$228.00
Deutsche Bank
Maintains
$255.00
RBC Capital
Maintains
$238.00
Wells Fargo
Initiated
$240.00
Investment data
Securities sold
Number of investors
Calendar
24 Jun 22
19 Aug 22
30 Apr 23
Financial summary
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Diluted EPS |
Annual (USD) | Apr 22 | Apr 21 | Apr 20 | Apr 19 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 158.88M | 158.88M | 158.88M | 158.88M | 158.88M | 158.88M |
Cash burn (monthly) | 9.35M | 14.81M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 34.42M | 54.51M | n/a | n/a | n/a | n/a |
Cash remaining | 124.46M | 104.37M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 13.3 | 7.0 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Jun 22 | Rebelez Darren M | Common Stock | Payment of exercise | Dispose F | No | No | 191.53 | 7,312 | 1.4M | 37,216 |
24 Jun 22 | Rebelez Darren M | Common Stock | Grant | Acquire A | No | No | 0 | 7,787 | 0 | 44,528 |
24 Jun 22 | Rebelez Darren M | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,333 | 0 | 36,741 |
24 Jun 22 | Rebelez Darren M | Common Stock | Payment of exercise | Dispose F | No | No | 191.53 | 9,566 | 1.83M | 28,408 |
24 Jun 22 | Rebelez Darren M | Common Stock | Grant | Acquire A | No | No | 0 | 16,848 | 0 | 37,974 |
24 Jun 22 | Rebelez Darren M | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,241 | 0 | 21,126 |
24 Jun 22 | Rebelez Darren M | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,333 | 0 | 0 |
24 Jun 22 | Rebelez Darren M | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,241 | 0 | 0 |
23 Jun 22 | Sri Donthi | RSU Common Stock | Grant | Acquire A | No | No | 0 | 111 | 0 | 111 |
15 Jun 22 | Butler Adrian M | Common Stock | Payment of exercise | Dispose F | No | No | 186.57 | 221 | 41.23K | 558 |
Institutional ownership, Q2 2022
84.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 408 |
Opened positions | 54 |
Closed positions | 59 |
Increased positions | 143 |
Reduced positions | 136 |
13F shares | Current |
---|---|
Total value | 5.8B |
Total shares | 31.28M |
Total puts | 37.1K |
Total calls | 19.25K |
Total put/call ratio | 1.9 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 3.71M | $686.07M |
TROW T. Rowe Price | 3.29M | $608.59M |
BLK Blackrock | 3.08M | $570.52M |
Clearbridge Advisors | 1.38M | $256.1M |
STT State Street | 1.37M | $253.87M |
Vontobel Asset Management | 1.13M | $218.27M |
JHG Janus Henderson | 1.07M | $197.39M |
Atlanta Capital Management Co L L C | 911.05K | $168.53M |
Brown Advisory | 794.91K | $147.15M |
NA National Bank of Canada | 639.65K | $119.35M |
Financial report summary
?Risks
- Our business and our reputation could be adversely affected by a cyber or data security incident or the failure to protect sensitive guest, Team Member or supplier data, or the failure to comply with applicable regulations relating to data security and privacy.
- Food-safety issues and food-borne illnesses, whether actual or reported, or the failure to comply with applicable regulations relating to the transportation, storage, preparation or service of food, could adversely affect our business and reputation.
- Pandemics or disease outbreaks, such as COVID-19, responsive actions taken by governments and others to mitigate their spread, and guest behavior in response to these events, have, and may in the future, adversely affect our business operations, supply chain and financial results.
- A significant disruption to our distribution network, to the capacity of the distribution centers, or timely receipt of inventory could adversely impact our sales or increase our transaction costs, which could have a material adverse effect on our business.
- We could be adversely affected if we experience difficulties in, or are unable to recruit, hire or retain, members of our leadership team and other distribution, field and store Team Members.
- Any failure to anticipate and respond to changes in consumer preferences, or to introduce and promote innovative technology for guest interaction, could adversely affect our financial results.
- We rely on our information technology systems, and a number of third-party software providers, to manage numerous aspects of our business, and a disruption of these systems could adversely affect our business.
- Increased credit card expenses could lead to higher operating expenses and other costs for the Company.
- Our operations present hazards and risks which may not be fully covered by insurance, if insured.
- The dangers inherent in the storage and transport of fuel could cause disruptions and could expose to us potentially significant losses, costs or liabilities.
- Consumer or other litigation could adversely affect our financial condition and results of operations.
- Covenants in our senior notes and credit facility agreements require us to comply with certain covenants and meet financial maintenance tests. Failure to comply with these requirements could have a material impact to us.
- Compliance with and changes in tax laws could adversely affect our performance.
- We are subject to extensive governmental regulations.
- Governmental action and campaigns to discourage tobacco and nicotine use and other tobacco products may have a material adverse effect on our revenues and gross profit.
- Wholesale cost and tax increases relating to tobacco and nicotine products could affect our operating results.
- General economic and political conditions that are largely out of the Company’s control may adversely affect the Company’s financial condition and results of operations.
- Developments related to fuel efficiency, fuel conservation practices, climate change, and changing consumer preferences may decrease the demand for motor fuel.
- Unfavorable weather conditions can adversely affect our business.
- The volatility of wholesale petroleum costs could adversely affect our operating results.
- The convenience store industry is highly competitive.
- We may experience difficulties implementing and realizing the results of our long-term strategic plan.
- We may not be able to identify, acquire, and integrate new properties and stores, which could adversely affect our ability to grow our business.
- The market price for our common stock has been and may in the future be volatile, which could cause the value of your investment to decline.
- Any issuance of shares of our common stock in the future could have a dilutive effect on your investment.
- Iowa law and provisions in our charter documents may have the effect of preventing or hindering a change in control and adversely affecting the market price of our common stock.
Content analysis
?Positive | ||
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Constraining | ||
Legalese | ||
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Readability |
H.S. sophomore Avg
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New words:
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Removed:
aggregated, arise, attached, authorization, bad, Black, capitalizing, central, checkout, clean, cloud, Codification, combined, community, comparative, computing, Darren, earliest, effectively, establish, exercise, expedient, facilitated, greenhouse, Handley, hereinafter, hosting, implement, inception, indefinite, interior, July, license, Midwestern, moved, Nominating, opening, optimizing, permitted, popcorn, popular, potato, practical, president, pretax, proactive, prompt, Rebelez, recognizing, repurchased, repurchasing, restate, restated, retained, retrospective, retrospectively, small, steel, Terry, traditionally, transition, unissued, valid, vested, weathervane
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
29 Jul 22
8-K
Casey’s Announces Information Technology Leader
27 Jun 22
8-K
June 14th, 2022 Casey’s Sell-Side Analyst Meeting Call Transcript
15 Jun 22
8-K
Casey's Announces Fourth Quarter Results
7 Jun 22
8-K
Casey’s Issues Business Update Ahead of Stephens NDR
21 Apr 22
8-K
Casey's Announces Third Quarter Results
8 Mar 22
8-K
Casey’s Issues Business Update Ahead of Jefferies Winter Summit
24 Jan 22
8-K
Casey’s Closes Acquisition of 40 Pilot Stores
16 Dec 21
8-K
Casey's Announces Second Quarter Results
7 Dec 21
8-K
Casey’s Announces Agreement to Acquire 40 Convenience Stores in Tennessee and Kentucky
28 Sep 21
Registration and prospectus
S-8
Registration of securities for employees
7 May 19
S-8
Registration of securities for employees
26 May 11
S-8
Registration of securities for employees
26 May 11
S-8 POS
Registration of securities for employees (post-effective amendment)
26 May 11
SC TO-T/A
Third party tender offer statement (amended)
29 Sep 10
SC 14D9/A
Tender offer solicitation (amended)
22 Sep 10
SC 14D9/A
Tender offer solicitation (amended)
19 Sep 10
SC TO-T/A
Third party tender offer statement (amended)
19 Sep 10
SC 14D9/A
Tender offer solicitation (amended)
16 Sep 10
SC 14D9/A
Tender offer solicitation (amended)
15 Sep 10
Proxies
DEFA14A
Additional proxy soliciting materials
1 Aug 22
DEFA14A
Additional proxy soliciting materials
19 Jul 22
DEFA14A
Additional proxy soliciting materials
21 Jul 21
DEFA14A
Additional proxy soliciting materials
22 Jul 20
DEFA14A
Additional proxy soliciting materials
25 Jul 19
DEF 14A
Definitive proxy
25 Jul 19
PRE 14A
Preliminary proxy
3 Jul 19
Other
UPLOAD
Letter from SEC
30 Apr 15
CORRESP
Correspondence with SEC
22 Apr 15
UPLOAD
Letter from SEC
12 Apr 15
CORRESP
Correspondence with SEC
18 Mar 15
CORRESP
Correspondence with SEC
2 Mar 15
UPLOAD
Letter from SEC
26 Feb 15
UPLOAD
Letter from SEC
8 Apr 14
CORRESP
Correspondence with SEC
26 Mar 14
CORRESP
Correspondence with SEC
9 Mar 14
UPLOAD
Letter from SEC
6 Mar 14
Ownership
SC 13G/A
CASEYS GENERAL STORES / PRICE T ROWE ASSOCIATES ownership change
9 Aug 22
4
CASEYS GENERAL STORES / DARREN M REBELEZ ownership change
27 Jun 22
4
CASEYS GENERAL STORES / Sri Donthi ownership change
27 Jun 22
3
CASEYS GENERAL STORES / Sri Donthi ownership change
27 Jun 22
4
CASEYS GENERAL STORES / Thomas P Brennan JR ownership change
17 Jun 22
4
CASEYS GENERAL STORES / DARREN M REBELEZ ownership change
17 Jun 22
4
CASEYS GENERAL STORES / CHAD MICHAEL FRAZELL ownership change
17 Jun 22
4
CASEYS GENERAL STORES / Williams Ena Koschel ownership change
17 Jun 22
4
CASEYS GENERAL STORES / Stephen P Bramlage JR ownership change
17 Jun 22
4
CASEYS GENERAL STORES / Adrian M Butler ownership change
17 Jun 22
Transcripts
2022 Q4
Earnings call transcript
8 Jun 22
2022 Q3
Earnings call transcript
9 Mar 22
2022 Q2
Earnings call transcript
8 Dec 21
2022 Q1
Earnings call transcript
8 Sep 21
2021 Q4
Earnings call transcript
9 Jun 21
2021 Q3
Earnings call transcript
9 Mar 21
2021 Q2
Earnings call transcript
8 Dec 20
2021 Q1
Earnings call transcript
9 Sep 20
2020 Q4
Earnings call transcript
9 Jun 20
2020 Q3
Earnings call transcript
10 Mar 20
Reddit threads
Stocks you own because you’re a fan of the company?
30 Jul 22
Daily Discussion Thread - July 29th, 2022
29 Jul 22
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Any Mid-Cap Company Recommendations?
26 Jul 22
Pre-market summary - June 8th
8 Jun 22
Daily Discussion Thread - June 7th, 2022
7 Jun 22
Daily Discussion Thread - June 6th, 2022
6 Jun 22
Most anticipated earnings releases for the week beginning June 6, 2022
4 Jun 22
Most Anticipated Earnings Releases for the week beginning June 6th, 2022
4 Jun 22