Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks experienced mixed results in the fourth quarter after reporting positive gains in the previous quarter. The Russell Midcap Growth Index (up 8.14%) outperformed the Russell Midcap Value Index (fell 1.75%) during the quarter. Mid-cap stocks posted solid returns in 2024 similar to 2023. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Carillon Eagle Mid Cap Growth Fund highlighted stocks like Wingstop Inc. (NASDAQ:WING) in the fourth 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 2.93%, and its shares gained 4.77% of their value over the last 52 weeks.  On January 27, 2024, Wingstop Inc. (NASDAQ:WING) stock closed at $292.52 per share with a market capitalization of $8.545 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Wingstop Inc. (NASDAQ:WING) in its Q4 2024 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 pulled back sharply as quarterly earnings came in short of very high expectations. Additionally, forward guidance pointed to more slowing in the business than expected as Wingstop laps extremely strong comparable sales."Wingstop Inc. (WING): Jim Criticized Management for Falling Short – Here’s Why

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, 39 hedge fund portfolios held Wingstop Inc. (NASDAQ:WING) at the end of the third quarter which was 31 in the previous quarter. Wingstop Inc.'s (NASDAQ:WING) total revenue for the third quarter increased 38.8% to $162.5 million. While we acknowledge the potential of Wingstop Inc. (NASDAQ:WING) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed Wingstop Inc. (NASDAQ:WING) and shared the list of high growth restaurant stocks for 2025. In addition, please check out our hedge fund investor letters Q3 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.

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