Shares of The Middleby Corporation (NASDAQ:MIDD) have earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $142.57.

Several analysts have recently commented on the company. BidaskClub cut The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $150.00 target price on shares of The Middleby Corporation in a research report on Friday, August 11th. Robert W. Baird decreased their target price on The Middleby Corporation from $145.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, August 11th. Zacks Investment Research raised The Middleby Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Susquehanna Bancshares Inc assumed coverage on The Middleby Corporation in a research report on Wednesday, September 27th. They issued a “positive” rating and a $141.00 target price for the company.

The Middleby Corporation (NASDAQ MIDD) traded up 1.39% during trading on Friday, reaching $121.11. The company had a trading volume of 357,542 shares. The stock has a 50 day moving average price of $123.21 and a 200 day moving average price of $127.25. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 22.68 and a beta of 1.82. The Middleby Corporation has a 12 month low of $108.45 and a 12 month high of $150.87.

The Middleby Corporation (NASDAQ:MIDD) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.01. The business had revenue of $579.34 million during the quarter, compared to analysts’ expectations of $587.49 million. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. On average, equities research analysts predict that The Middleby Corporation will post $5.58 earnings per share for the current year.

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In related news, Director John R. Miller III sold 8,500 shares of The Middleby Corporation stock in a transaction on Monday, August 28th. The stock was sold at an average price of $118.50, for a total transaction of $1,007,250.00. Following the completion of the sale, the director now owns 16,000 shares of the company’s stock, valued at $1,896,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gordon Obrien sold 5,600 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $121.41, for a total value of $679,896.00. Following the completion of the sale, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $1,341,580.50. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. IFP Advisors Inc lifted its position in shares of The Middleby Corporation by 10.5% in the second quarter. IFP Advisors Inc now owns 1,031 shares of the industrial products company’s stock worth $125,000 after buying an additional 98 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of The Middleby Corporation by 4.7% in the second quarter. LS Investment Advisors LLC now owns 1,072 shares of the industrial products company’s stock worth $130,000 after buying an additional 48 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of The Middleby Corporation by 9.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,124 shares of the industrial products company’s stock worth $137,000 after buying an additional 95 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in shares of The Middleby Corporation in the second quarter worth about $143,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of The Middleby Corporation in the second quarter worth about $154,000. 95.21% of the stock is owned by institutional investors.

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.

Analyst Recommendations for The Middleby Corporation (NASDAQ:MIDD)

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