Campbell & CO Investment Adviser LLC Buys Shares of 2,808 The Middleby Corporation $MIDD

Campbell & CO Investment Adviser LLC purchased a new position in The Middleby Corporation (NASDAQ:MIDD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,808 shares of the industrial products company’s stock, valued at approximately $404,000.

Several other institutional investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Middleby in the second quarter worth approximately $478,000. Savant Capital LLC bought a new position in shares of Middleby in the 2nd quarter worth $225,000. Bryce Point Capital LLC purchased a new stake in shares of Middleby during the 2nd quarter worth $883,000. Versor Investments LP bought a new stake in Middleby during the second quarter valued at about $893,000. Finally, Simon Quick Advisors LLC grew its stake in Middleby by 19.0% in the second quarter. Simon Quick Advisors LLC now owns 8,053 shares of the industrial products company’s stock valued at $1,160,000 after purchasing an additional 1,287 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on MIDD shares. Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. Weiss Ratings downgraded shares of Middleby from a “hold (c)” rating to a “sell (d)” rating in a research note on Monday, November 10th. Barclays set a $168.00 price target on shares of Middleby and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Canaccord Genuity Group decreased their price objective on Middleby from $175.00 to $171.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. upgraded Middleby from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $125.00 in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $160.57.

Middleby Stock Down 1.2%

Shares of MIDD stock opened at $118.04 on Monday. The Middleby Corporation has a fifty-two week low of $114.57 and a fifty-two week high of $182.73. The firm has a market capitalization of $5.95 billion, a PE ratio of 15.02 and a beta of 1.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 2.57. The stock’s 50-day simple moving average is $131.45 and its 200-day simple moving average is $138.50.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. Middleby had a return on equity of 14.14% and a net margin of 11.06%.The firm had revenue of $982.13 million during the quarter, compared to the consensus estimate of $961.21 million. During the same quarter in the previous year, the company posted $2.33 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. Equities analysts expect that The Middleby Corporation will post 9.11 earnings per share for the current year.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.