SEC Form SC 13G filed by Casey's General Stores Inc.

2/14/23 12:40:51 PM ET

Retail-Auto Dealers and Gas Stations

Consumer Discretionary

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SC 13G 1 casy13gdec22.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) CASEY S GENERAL STORES INC (Name of Issuer) COMMON STOCK (Title of Class of Securities) 147528103 (CUSIP NUMBER) December 31, 2022 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 1,020,500 6. Shared Voting Power* 0 7. Sole Dispositive Power* 2,523,918 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,523,918 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 6.8% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: CASEY S GENERAL STORES INC Item 1(b) Address of Issuer's Principal Executive Offices: PO BOX 3001, ANKENY, IOWA 50021 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 147528103 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Investment Management serves as investment adviser. Any and all discretionary authority which has been delegated to Price Investment Management may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Investment Management which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Investment Management. (2) With respect to securities owned by any one of the T. Rowe Price Funds, only the custodian for each of such Funds, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to have such right, except that the shareholders of each such Fund participate proportionately in any dividends and distributions so paid. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. Rowe Price Investment Management, Inc. Date: February 14, 2023 Signature: /s/ Mary Ann Picciotto Name & Title: Mary Ann Picciotto, Vice President 12/31/2022

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Recent Analyst Ratings for

$CASY

Date	Price Target	Rating	Analyst
10/15/2025	$610.00	Overweight	Wells Fargo
4/11/2025	$500.00	Overweight	KeyBanc Capital Markets
2/13/2025		Hold → Buy	Gordon Haskett
12/18/2024	$400.00 → $450.00	Market Perform	BMO Capital Markets
11/4/2024	$400.00	Hold	Gordon Haskett
9/19/2024	$300.00 → $337.00	Neutral → Underweight	JP Morgan
7/11/2024	$410.00	Neutral → Buy	Northcoast
5/15/2024		Buy → Neutral	Northcoast

More analyst ratings

SEC Form SC 13G filed by Casey's General Stores Inc.

2/14/23 12:40:51 PM ET

$CASY

Retail-Auto Dealers and Gas Stations

Consumer Discretionary

Get the next $CASY alert in real time by email

Recent Analyst Ratings for

$CASY

Date	Price Target	Rating	Analyst
10/15/2025	$610.00	Overweight	Wells Fargo
4/11/2025	$500.00	Overweight	KeyBanc Capital Markets
2/13/2025		Hold → Buy	Gordon Haskett
12/18/2024	$400.00 → $450.00	Market Perform	BMO Capital Markets
11/4/2024	$400.00	Hold	Gordon Haskett
9/19/2024	$300.00 → $337.00	Neutral → Underweight	JP Morgan
7/11/2024	$410.00	Neutral → Buy	Northcoast
5/15/2024		Buy → Neutral	Northcoast

More analyst ratings

SEC Form SC 13G filed by Casey's General Stores Inc.

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$CASY

SEC Form SC 13G filed by Casey's General Stores Inc.

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$CASY
Analyst Ratings

Wells Fargo resumed coverage on Casey's General with a new price target

KeyBanc Capital Markets initiated coverage on Casey's General with a new price target

Casey's General upgraded by Gordon Haskett

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SEC Filings

Casey's General Stores Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

SEC Form 10-Q filed by Casey's General Stores Inc.

SEC Form S-8 filed by Casey's General Stores Inc.

$CASY
Insider Trading

Chief HR Officer Frazell Chad Michael sold $1,936,680 worth of shares (3,487 units at $555.40), decreasing direct ownership by 30% to 7,993 units (SEC Form 4)

Director Spanos Mike was granted 186 shares, increasing direct ownership by 5% to 4,192 units (SEC Form 4)

Director Spanos Mike converted options into 442 shares, increasing direct ownership by 12% to 4,002 units (SEC Form 4)

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Leadership Updates

Casey's and PEPSI® Team Up to Celebrate the Ultimate Duo: Pizza and Pepsi

Casey's Teams up With Food Network Chef Andrew Zimmern to Bring Back Its BBQ Brisket Pizza

Casey's Announces Partnership with Feeding America® to Help Provide Millions of Meals to Families Across the Midwest and South

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Press Releases

Casey's and PEPSI® Team Up to Celebrate the Ultimate Duo: Pizza and Pepsi

Casey's Announces Timing of Second Quarter Earnings Release and Conference Call

Casey's and Dr Pepper® Kickoff Fansville $100,000 Tuition Giveaway

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Insider Purchases

Director Spanos Mike bought $100,636 worth of shares (200 units at $503.18), increasing direct ownership by 6% to 3,560 units (SEC Form 4)

Director Spanos Mike bought $99,978 worth of shares (256 units at $390.54), increasing direct ownership by 8% to 3,356 units (SEC Form 4)

Director Spanos Mike bought $198,380 worth of shares (500 units at $396.76), increasing direct ownership by 19% to 3,097 units (SEC Form 4)

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Financials

Casey's Announces Timing of Second Quarter Earnings Release and Conference Call

Casey's Announces First Quarter Results

Casey's Announces Timing of First Quarter Earnings Release and Conference Call

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Large Ownership Changes

SEC Form SC 13G/A filed by Casey's General Stores Inc. (Amendment)