On September 18, 2024, Mike Spanos, Director at Casey's General Stores Inc (CASY, Financial), purchased 267 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 2,594 shares of Casey's General Stores Inc.
Casey's General Stores Inc operates a chain of convenience stores in the United States, offering a selection of food, beverages, and other everyday items. The company is known for its extensive range of products and community-focused business approach.
Over the past year, Mike Spanos has increased his holdings in the company by purchasing a total of 992 shares. There have been no sales recorded by the insider during this period. The overall insider transaction history for Casey's General Stores Inc shows 2 insider buys and 4 insider sells over the past year.
On the date of the insider's recent purchase, shares of Casey's General Stores Inc were priced at $376.18 each. This valuation brings the company's market cap to approximately $13.40 billion. The price-earnings ratio of the stock stands at 26.78, which is above both the industry median of 17.76 and the company's historical median.
According to the GF Value, an intrinsic value estimate used by GuruFocus, Casey's General Stores Inc is currently significantly overvalued with a price-to-GF-Value ratio of 1.42. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider purchase could be a signal to investors about the insider's confidence in the future prospects of Casey's General Stores Inc, despite the stock's current valuation metrics suggesting a premium price level.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
