Wingstop (WING) Shares Surpassed Expectations in Q1

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, small-cap stocks performed well with varying results from the indexes.  The Russell 2000 Growth Index was up 6.07% while the Russell 2000 Value Index was 0.67% down in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Carillon Eagle Small Cap Growth Fund highlighted stocks like Wingstop Inc. (NASDAQ:WING) in the first quarter 2023 investor letter. Headquartered in Addison, Texas, Wingstop Inc. (NASDAQ:WING) is a restaurant company that operates under the brand name Wingstop. On June 23, 2023, Wingstop Inc. (NASDAQ:WING) stock closed at $187.32 per share. One-month return of Wingstop Inc. (NASDAQ:WING) was -6.70%, and its shares gained 137.66% of their value over the last 52 weeks. Wingstop Inc. (NASDAQ:WING) has a market capitalization of $5.614 billion.

Carillon Eagle Small Cap Growth Fund made the following comment about Wingstop Inc. (NASDAQ:WING) in its first quarter 2023 investor letter:

Wingstop Inc. (NASDAQ:WING) is a franchisor and restaurant operator that specializes in cooked-to order chicken wings in a fast-casual setting. The stock performed well, driven by continued quarterly results in excess of Wall Street expectations. Wingstop continues to benefit from its new chicken sandwich, a new relationship with a leading food delivery service, and chicken wing input costs that are moderating.”

food, meal, spices, hot, Jamaican, cuisine, cooking,

Foodio/Shutterstock.com

Wingstop Inc. (NASDAQ:WING) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Wingstop Inc. (NASDAQ:WING) at the end of first quarter 2023 which was 22 in the previous quarter.

We discussed Wingstop Inc. (NASDAQ:WING) in another article and shared Artisan Small Cap Fund’s views on the company. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.