U.S. Markets open in 2 hrs 20 mins
  • S&P Futures

    3,420.75
    -31.00 (-0.90%)
     
  • Dow Futures

    27,937.00
    -252.00 (-0.89%)
     
  • Nasdaq Futures

    11,572.75
    -90.75 (-0.78%)
     
  • Russell 2000 Futures

    1,615.50
    -20.10 (-1.23%)
     
  • Crude Oil

    39.14
    -0.71 (-1.78%)
     
  • Gold

    1,907.30
    +2.10 (+0.11%)
     
  • Silver

    24.42
    -0.25 (-1.03%)
     
  • EUR/USD

    1.1829
    -0.0039 (-0.3312%)
     
  • 10-Yr Bond

    0.8410
    0.0000 (0.00%)
     
  • Vix

    29.80
    +1.69 (+6.01%)
     
  • GBP/USD

    1.3063
    +0.0025 (+0.1907%)
     
  • USD/JPY

    104.8600
    +0.1700 (+0.1624%)
     
  • BTC-USD

    13,130.86
    +53.84 (+0.41%)
     
  • CMC Crypto 200

    263.60
    +2.14 (+0.82%)
     
  • FTSE 100

    5,840.98
    -19.30 (-0.33%)
     
  • Nikkei 225

    23,494.34
    -22.25 (-0.09%)
     

GrubHub (GRUB) Has Risen 3% in Last One Year, Underperforms Market

Alex Smith
·3 mins read

If you are looking for the best ideas for your portfolio you may want to consider some of Blue Hawk Investment Group's top stock picks. Blue Hawk Investment Group, an investment management firm, is bullish on GrubHub Inc. (NYSE:GRUB) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on GrubHub Inc. (NYSE:GRUB) stock. GrubHub Inc. (NYSE:GRUB) is an online food ordering company.

On July 22 2019, Blue Hawk Investment Group had released its Q2 2019 investor letter. The investment firm said that GrubHub Inc. (NYSE:GRUB) was one of the biggest contributors to its performance in Q2 2019. GrubHub Inc. (NYSE:GRUB) stock has posted a return of 2.9% in the trailing one year period, underperforming fund's benchmark the S&P 500 Index which returned 11.0% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, GrubHub Inc. (NYSE:GRUB) stock has risen by 42.0%.

Blue Hawk Investment Group fund posted a return of 3.34% in the second quarter of 2019, underperforming fund's benchmark the S&P 500 Index which returned 3.78% in the same period. Let’s take a look at comments made by Blue Hawk Investment Group about GrubHub Inc. (NYSE:GRUB) stock in the Q2 2019 investor letter.

"Grubhub (GRUB) – Grubhub landed just outside the top 5 contributors with a contribution of 45 basis points. GRUB has been a volatile stock to say the least but one we have stuck with since our initial purchase in March of 2017 at $33.50. From the end of 2017 through November of last year, we have been net sellers due to near-term valuation concerns and maintaining target position sizing due to stock appreciation. We think the risk/reward on Grubhub has become compelling again and we are net buyers."

Pixabay/Public Domain

In Q2 2020, the number of bullish hedge fund positions on GrubHub Inc. (NYSE:GRUB) stock increased by about 63% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with GrubHub's growth potential. Our calculations showed that GrubHub Inc. (NYSE:GRUB) isn't ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, this “mom” trader turned $2000 into $2 million within 2 years. So, we are checking out her best trade idea of the month. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.