Jim Cramer and Hedge Funds Agree on These 5 Stocks

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1. Wingstop Inc. (NASDAQ:WING)

Number of Hedge Fund Holders in Q1 2022: 21

Number of Hedge Fund Holders in Q4 2021: 18     

Wingstop Inc. (NASDAQ:WING) owns and runs restaurants under the Wingstop brand name. On May 18, Jim Cramer gave the stock a Buy recommendation during the Guest Interview segment of his show, discussing with the CEO of the company, Michael Skipworth, how the chicken prices had “deflated” for the firm in the past few months as inflation soared, putting the firm in a prime position to improve margins. Skipworth believed the firm has been able to weather the impact of market volatility better than peers, consequently driving the competition out. 

On May 24, investment advisory Deutsche Bank maintained a Buy rating on Wingstop Inc. (NASDAQ:WING) stock and lowered the price target to $83 from $100. Analyst Brian Mullan issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP is a leading shareholder in Wingstop Inc. (NASDAQ:WING), with 832,538 shares worth more than $97 million.  

You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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