Here is What Hedge Funds Think About GrubHub Inc (GRUB)

Since GrubHub Inc (NYSE:GRUB) has witnessed a declination in interest from the aggregate hedge fund industry, it’s easy to see that there exists a select few hedgies who were dropping their full holdings last quarter. Interestingly, Robert Pohly’s Samlyn Capital sold off the largest position of all the hedgies tracked by Insider Monkey, comprising close to $44.4 million in call options. Daniel S. Och’s fund, OZ Management, also said goodbye to its call options, about $27 million worth of. These bearish behaviors are interesting, as aggregate hedge fund interest dropped by 7 funds last quarter.

Let’s now review hedge fund activity in other stocks similar to GrubHub Inc (NYSE:GRUB). These stocks are La Quinta Holdings Inc (NYSE:LQ), BGC Partners, Inc. (NASDAQ:BGCP), Gold Fields Limited (ADR) (NYSE:GFI), and Littelfuse, Inc. (NASDAQ:LFUS). All of these stocks’ market caps are closest to GRUB’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $187 million. That figure was a whooping $467 million in GRUB’s case. La Quinta Holdings Inc (NYSE:LQ) is the most popular stock in this table, while Littelfuse, Inc. (NASDAQ:LFUS) is the least popular one with only 13 bullish hedge fund positions. GrubHub Inc (NYSE:GRUB) is on par with the leader but has attracted a lot more of the hedgies’ money. Taking it all into consideration, we believe further research into both LQ and GRUB is necessary to find out which stock has greater upside potential.