Middleby Corp (NASDAQ:MIDD) Director Nassem Ziyad acquired 2,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were bought at an average price of $118.50 per share, for a total transaction of $237,000.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $237,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nassem Ziyad also recently made the following trade(s):
- On Friday, November 16th, Nassem Ziyad acquired 1,000 shares of Middleby stock. The shares were bought at an average price of $111.00 per share, for a total transaction of $111,000.00.
Shares of Middleby Corp (NASDAQ:MIDD) traded up $4.00 on Friday, hitting $131.27. The stock had a trading volume of 927,168 shares, compared to its average volume of 611,458. The firm has a market cap of $7,570.00, a P/E ratio of 24.96 and a beta of 1.83. Middleby Corp has a one year low of $107.53 and a one year high of $142.00. The company has a quick ratio of 1.02, a current ratio of 1.97 and a debt-to-equity ratio of 0.75.
Middleby declared that its Board of Directors has authorized a share repurchase plan on Tuesday, November 14th that allows the company to repurchase 2,500,000 outstanding shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
A number of large investors have recently added to or reduced their stakes in MIDD. Truewealth LLC acquired a new position in Middleby in the fourth quarter worth approximately $102,000. American International Group Inc. acquired a new position in Middleby in the fourth quarter worth approximately $176,000. Zions Bancorporation acquired a new position in Middleby in the third quarter worth approximately $198,000. Crossmark Global Holdings Inc. acquired a new position in Middleby in the fourth quarter worth approximately $202,000. Finally, Beacon Investment Advisory Services Inc. acquired a new position in Middleby in the third quarter worth approximately $231,000.
A number of equities analysts have recently weighed in on MIDD shares. Citigroup dropped their target price on Middleby from $132.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Deutsche Bank dropped their target price on Middleby from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, November 17th. BidaskClub upgraded Middleby from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Finally, Zacks Investment Research downgraded Middleby from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $138.25.
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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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