Published on 11 Mar 2024 on Insider Monkey via Yahoo Finance
Here’s Why Wingstop (WING) Rose in Q4
Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The portfolio had a positive absolute return in Q4 but underperformed the Russell 2000 Growth Index due to security selection, particularly in the healthcare and information technology sectors. In the fourth quarter, its Investor Class fund ARTSX returned 9.18%, Advisor Class fund APDSX posted a return of 9.26%, and Institutional Class fund APHSX returned 9.28%, compared to a return of 12.75% for the Russell 2000 Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Artisan Small Cap Fund featured stocks like 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 March 8, 2024, Wingstop Inc. (NASDAQ:WING) stock closed at $353.99 per share. One-month return of Wingstop Inc. (NASDAQ:WING) was 20.71%, and its shares gained 113.74% of their value over the last 52 weeks. Wingstop Inc. (NASDAQ:WING) has a market capitalization of $10.385 billion.
Artisan Small Cap Fund stated the following regarding Wingstop Inc. (NASDAQ:WING) in its fourth quarter 2023 investor letter: