Middleby Corp (NASDAQ:MIDD) has earned a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $138.71.
A number of brokerages recently weighed in on MIDD. BidaskClub upgraded shares of Middleby from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. Zacks Investment Research upgraded shares of Middleby from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Wednesday, January 17th. Susquehanna Bancshares set a $149.00 price target on shares of Middleby and gave the stock a “buy” rating in a research report on Thursday, March 1st. Citigroup decreased their price target on shares of Middleby from $150.00 to $132.00 and set a “neutral” rating on the stock in a research report on Monday, March 5th. Finally, Wellington Shields downgraded shares of Middleby from an “accumulate” rating to a “hold” rating in a research report on Thursday, March 1st.
Shares of MIDD stock traded up $0.49 during trading on Wednesday, reaching $123.12. 289,587 shares of the company were exchanged, compared to its average volume of 557,136. The company has a market capitalization of $6,834.25, a P/E ratio of 23.36 and a beta of 1.83. Middleby has a 12 month low of $107.53 and a 12 month high of $142.00. The company has a current ratio of 1.97, a quick ratio of 1.07 and a debt-to-equity ratio of 0.75.
In other Middleby news, Director Nassem Ziyad purchased 1,000 shares of the firm’s stock in a transaction on Friday, November 16th. The shares were acquired at an average cost of $111.00 per share, for a total transaction of $111,000.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $222,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its stake in shares of Middleby by 3.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 16,984 shares of the industrial products company’s stock worth $2,292,000 after purchasing an additional 605 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Middleby by 2,211.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 6,473 shares of the industrial products company’s stock worth $878,000 after purchasing an additional 6,193 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Middleby by 7.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,278 shares of the industrial products company’s stock worth $3,141,000 after purchasing an additional 1,683 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Middleby by 11.0% in the fourth quarter. BB&T Securities LLC now owns 10,206 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in shares of Middleby by 5.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 343,785 shares of the industrial products company’s stock worth $46,394,000 after purchasing an additional 19,214 shares in the last quarter.
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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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