The Middleby Corporation (NASDAQ:MIDD) Director Gordon Obrien sold 5,600 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $121.41, for a total transaction of $679,896.00. Following the completion of the transaction, the director now owns 11,050 shares in the company, valued at $1,341,580.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Middleby Corporation (MIDD) traded down 2.74% during midday trading on Thursday, reaching $120.61. 393,750 shares of the company traded hands. The firm has a 50-day moving average price of $122.36 and a 200-day moving average price of $129.84. The Middleby Corporation has a one year low of $108.45 and a one year high of $150.87. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 22.59 and a beta of 1.81.

The Middleby Corporation (NASDAQ:MIDD) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.01. The business had revenue of $579.34 million during the quarter, compared to analyst estimates of $587.49 million. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. Equities analysts predict that The Middleby Corporation will post $5.61 EPS for the current fiscal year.

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Several equities analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of The Middleby Corporation from $145.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday, August 11th. BidaskClub downgraded shares of The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. BMO Capital Markets restated a “buy” rating and issued a $150.00 price target on shares of The Middleby Corporation in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of The Middleby Corporation from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Wellington Shields upgraded shares of The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $142.71.

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in The Middleby Corporation by 7.7% during the 1st quarter. Van ECK Associates Corp now owns 780 shares of the industrial products company’s stock valued at $106,000 after buying an additional 56 shares in the last quarter. IFP Advisors Inc grew its holdings in The Middleby Corporation by 10.5% during the 2nd quarter. IFP Advisors Inc now owns 1,031 shares of the industrial products company’s stock valued at $125,000 after buying an additional 98 shares in the last quarter. LS Investment Advisors LLC grew its holdings in The Middleby Corporation by 4.7% during the 2nd quarter. LS Investment Advisors LLC now owns 1,072 shares of the industrial products company’s stock valued at $130,000 after buying an additional 48 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in The Middleby Corporation by 9.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,124 shares of the industrial products company’s stock valued at $137,000 after buying an additional 95 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new position in The Middleby Corporation during the 2nd quarter valued at about $143,000. 95.34% of the stock is owned by institutional investors and hedge funds.

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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