Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. Small-cap stocks had excellent increases in the fourth quarter, following disappointing results in the third quarter. The Russell 2000 Growth Index (up 12.75%) fell behind the Russell 2000 Value Index (up 15.25%) for the second consecutive quarter. Small-cap companies performed well overall, with the Russell 2000 Growth Index (up 18.66%) outperforming the Russell 2000 Value Index (up 14.63%) for the year. 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 featured stocks such as Wingstop Inc. (NASDAQ:WING) in the fourth quarter 2023 investor letter. Headquartered in Addison, Texas, Wingstop Inc. (NASDAQ:WING) is a restaurant company that operates under the brand name Wingstop. On February 9, 2024, Wingstop Inc. (NASDAQ:WING) stock closed at $295.50 per share. One-month return of Wingstop Inc. (NASDAQ:WING) was 13.10%, and its shares gained 89.91% of their value over the last 52 weeks. Wingstop Inc. (NASDAQ:WING) has a market capitalization of $8.692 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding Wingstop Inc. (NASDAQ:WING) in its fourth 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’s performance was driven by strong results that continued to outpace analyst expectations; quarterly results included a double-digit increase in comparable store sales. We believe the company maintains a competitive edge against the majority of the fast-casual segment and the restaurant category overall.”
Customers savoring boneless wings at a bustling restaurant owned by the company.
Wingstop Inc. (NASDAQ:WING) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Wingstop Inc. (NASDAQ:WING) at the end of third quarter which was 31 in the previous quarter.
We discussed Wingstop Inc. (NASDAQ:WING) in another article and shared ClearBridge Small Cap Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
