The Middleby Corporation (NASDAQ:MIDD) Stake Maintained by Hodges Capital Management Inc.

Hodges Capital Management Inc. held its position in The Middleby Corporation (NASDAQ:MIDD) during the second quarter, Holdings Channel reports. The firm owned 4,615 shares of the industrial products company’s stock at the end of the second quarter. Hodges Capital Management Inc.’s holdings in The Middleby Corporation were worth $561,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MIDD. Vanguard Group Inc. boosted its position in The Middleby Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 4,487,263 shares of the industrial products company’s stock valued at $612,288,000 after buying an additional 171,612 shares in the last quarter. BlackRock Inc. boosted its position in The Middleby Corporation by 4,935.7% in the first quarter. BlackRock Inc. now owns 2,631,922 shares of the industrial products company’s stock valued at $359,127,000 after buying an additional 2,579,657 shares in the last quarter. CI Global Investments Inc. boosted its position in The Middleby Corporation by 80.0% in the first quarter. CI Global Investments Inc. now owns 1,332,293 shares of the industrial products company’s stock valued at $181,791,000 after buying an additional 592,293 shares in the last quarter. State Street Corp boosted its position in The Middleby Corporation by 2.9% in the first quarter. State Street Corp now owns 1,011,387 shares of the industrial products company’s stock valued at $138,007,000 after buying an additional 28,581 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in The Middleby Corporation by 1.9% in the first quarter. Janus Capital Management LLC now owns 743,905 shares of the industrial products company’s stock valued at $101,506,000 after buying an additional 13,533 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

The Middleby Corporation (MIDD) opened at 126.77 on Thursday. The firm has a 50-day moving average price of $125.62 and a 200 day moving average price of $132.80. The Middleby Corporation has a 12-month low of $108.45 and a 12-month high of $150.87. The firm has a market cap of $7.29 billion, a PE ratio of 24.10 and a beta of 1.82.

The Middleby Corporation (NASDAQ:MIDD) last posted its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The Middleby Corporation had a return on equity of 23.45% and a net margin of 13.16%. The business had revenue of $530.30 million during the quarter, compared to analysts’ expectations of $542.50 million. Equities research analysts forecast that The Middleby Corporation will post $5.67 EPS for the current year.

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MIDD has been the subject of several research analyst reports. BidaskClub cut The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. BMO Capital Markets reissued a “buy” rating and set a $150.00 price objective (down previously from $155.00) on shares of The Middleby Corporation in a research report on Friday, June 23rd. Zacks Investment Research cut The Middleby Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Wellington Shields raised The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, July 11th. Finally, Seaport Global Securities initiated coverage on The Middleby Corporation in a report on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The Middleby Corporation has an average rating of “Hold” and a consensus price target of $141.67.

About The Middleby Corporation

The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.

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Institutional Ownership by Quarter for The Middleby Corporation (NASDAQ:MIDD)

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