Casey’s General Stores (CASY) Benefited from Aggressive Reinvestment

Group 1: Market Overview - ClearBridge Investments reported that mid-cap stocks experienced growth in Q3 2025, driven by shifting monetary policy, stabilizing earnings, and improved sentiment [1] - The Federal Reserve's decision to cut rates positively impacted small and mid-cap stocks during the quarter [1] - Value stocks outperformed growth stocks, with the Russell Midcap Value Index returning 6.2% compared to the Russell Midcap Growth's 2.8% [1] Group 2: ClearBridge Mid Cap Strategy Performance - The ClearBridge Mid Cap Strategy outperformed its benchmark, the Russell Midcap Index, in Q3 2025 [1] - Stock selection in the consumer staples and healthcare sectors contributed significantly to the strategy's outperformance [1] Group 3: Casey's General Stores, Inc. (NASDAQ:CASY) Performance - Casey's General Stores, Inc. had a one-month return of -4.71% but gained 31.84% over the last 52 weeks, closing at $534.88 per share with a market capitalization of $19.888 billion on November 12, 2025 [2] - The company benefited from aggressive reinvestment in its stores over the past decade, enhancing its private label brand and product offerings, which improved same-store sales and encouraged repeat traffic [3] Group 4: Hedge Fund Interest and Revenue Growth - Casey's General Stores, Inc. was held by 47 hedge fund portfolios at the end of Q2 2025, an increase from 35 in the previous quarter [4] - The company reported revenue of $4.6 billion in Q1 of fiscal 206, reflecting an 11.5% increase from the prior year [4]