Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. Small-cap stocks reported positive gains in the first quarter, consolidating the last year-end rally. Among the style indexes, the Russell 2000 Growth Index (up 7.58%) outperformed the Russell 2000 Value Index (up 2.91%) by a significant margin after two consecutive quarters of value outperformance. During the quarter, Information technology led the way by increasing 16.38%, outperforming the returns generated by its value counterparts. Please check the top five holdings of the fund to know more about its best picks in 2024.
Carillon Eagle Small Cap Growth Fund highlighted stocks like Wingstop Inc. (NASDAQ:WING) in the first quarter 2024 investor letter. Wingstop Inc. (NASDAQ:WING) is a restaurant company that operates under the brand name Wingstop. The one-month return of Wingstop Inc. (NASDAQ:WING) was 1.16%, and its shares gained 94.21% of their value over the last 52 weeks. On May 30, 2024, Wingstop Inc. (NASDAQ:WING) stock closed at $385.97 per share with a market capitalization of $11.336 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding Wingstop Inc. (NASDAQ:WING) in its first quarter 2024 investor letter:
“Wingstop Inc. (NASDAQ:WING), franchises and operates restaurants that specialize in cooked-to order chicken wings in a fast-casual setting. Strong quarterly earnings and guidance propelled the stock during the period. Earnings continue to be driven by strong transaction growth.”
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In the first quarter, Wingstop Inc (NASDAQ:WING) reported $145.8 million in revenues, up 34.1% compared to the fiscal first quarter of 2023. Wingstop Inc. (NASDAQ:WING) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Wingstop Inc. (NASDAQ:WING) at the end of the first quarter which was 32 in the previous quarter.
In another article, we discussed Wingstop Inc. (NASDAQ:WING) and shared Artisan Small Cap Fund’s views on the company. Polen U.S. Small Company Growth Strategy commented about Wingstop Inc. (NASDAQ:WING) in its first quarter 2024 investor letter: In addition, please check out our hedge fund investor letters Q1 2024 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.