The Middleby Corporation (MIDD) Given Average Recommendation of “Hold” by Brokerages
Shares of The Middleby Corporation (NASDAQ:MIDD) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $141.60.
A number of equities analysts recently weighed in on MIDD shares. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 price objective (down from $160.00) on shares of The Middleby Corporation in a research report on Wednesday, May 17th. Zacks Investment Research lowered shares of The Middleby Corporation from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Wellington Shields upgraded shares of The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Finally, Seaport Global Securities started coverage on shares of The Middleby Corporation in a research report on Thursday, June 29th. They issued a “neutral” rating and a $128.00 price objective on the stock.
The Middleby Corporation (MIDD) traded down 1.04% during mid-day trading on Tuesday, reaching $128.60. 317,812 shares of the company’s stock traded hands. The stock has a market capitalization of $7.40 billion, a PE ratio of 24.45 and a beta of 1.82. The Middleby Corporation has a 52 week low of $108.45 and a 52 week high of $150.87. The stock’s 50 day moving average is $125.96 and its 200-day moving average is $132.97.
The Middleby Corporation (NASDAQ:MIDD) last posted its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The Middleby Corporation had a net margin of 13.16% and a return on equity of 23.45%. The firm had revenue of $530.30 million for the quarter, compared to analyst estimates of $542.50 million. On average, equities analysts anticipate that The Middleby Corporation will post $5.67 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Korea Investment CORP acquired a new stake in The Middleby Corporation during the first quarter worth approximately $1,023,000. Crestwood Advisors Group LLC acquired a new stake in The Middleby Corporation during the first quarter worth approximately $150,000. Mn Services Vermogensbeheer B.V. increased its stake in The Middleby Corporation by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,535 shares of the industrial products company’s stock worth $196,000 after buying an additional 46 shares during the period. Alta Capital Management LLC increased its stake in The Middleby Corporation by 1.4% in the first quarter. Alta Capital Management LLC now owns 365,450 shares of the industrial products company’s stock worth $49,865,000 after buying an additional 4,986 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in The Middleby Corporation during the first quarter worth approximately $491,000. 95.63% of the stock is owned by institutional investors.
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The Middleby Corporation Company Profile
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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