Goldman Sachs And Hedge Funds See Big Things For These Small-caps

2. GrubHub Inc (NYSE:GRUB)

 – Investors with Long Positions (as of June 30): 31

 – Aggregate Value of Investors’ Holdings (as of June 30): $545 Million

– Goldman Sachs Rating and Price Target: ‘Buy’ $39 (24% upside to the current trading level)

GrubHub Inc (NYSE:GRUB)’s stock has depreciated by about 16% so far this year and this is reflected by a reduction of 2 hedge funds from the end of March, which held the company in their portfolios and a corresponding slide of $102.87 million in the total value of hedge fund holdings in the company. Still professional money managers hold about 19.1% of the company’s outstanding stock. Christian Leone’s Luxor Capital Group is the largest stockholder of GrubHub Inc (NYSE:GRUB) within our database holding about 7.55 million shares after raising its stake in the company by 114% during the June trimester.

The $2.56 billion online and mobile platfrom for restaurant pick-up and delivery orders recently released a research report highlighting how it has catalysed the growth of its 35,000 restaurant partners. The results included an average monthly growth of 30% in takeout revenue for restaurants opting for GrubHub Inc (NYSE:GRUB) and a slashing of processing time by more than 50% as restaurants no longer had to worry about managing orders.