5,119 Shares in The Middleby Corporation $MIDD Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in The Middleby Corporation (NASDAQ:MIDD) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,119 shares of the industrial products company’s stock, valued at approximately $680,000.

A number of other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Middleby in the 2nd quarter valued at about $30,000. Allworth Financial LP lifted its stake in Middleby by 168.8% during the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. TFC Financial Management Inc. boosted its holdings in shares of Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 230 shares in the last quarter. AdvisorShares Investments LLC bought a new position in shares of Middleby in the 2nd quarter valued at $37,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Middleby during the 2nd quarter worth $47,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Stock Up 1.9%

NASDAQ:MIDD opened at $149.90 on Tuesday. The Middleby Corporation has a one year low of $110.82 and a one year high of $182.73. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.10. The company has a market cap of $7.55 billion, a PE ratio of -34.07 and a beta of 1.40. The firm’s 50 day simple moving average is $143.61 and its 200 day simple moving average is $136.59.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.34. Middleby had a negative net margin of 5.22% and a positive return on equity of 14.66%. The firm had revenue of $982.13 million during the quarter, compared to the consensus estimate of $961.21 million. During the same quarter last year, the firm earned $2.33 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. On average, research analysts anticipate that The Middleby Corporation will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MIDD. Canaccord Genuity Group raised their price objective on Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Zacks Research downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. KeyCorp reaffirmed an “overweight” rating on shares of Middleby in a report on Friday, December 5th. Barclays set a $168.00 price objective on shares of Middleby and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen raised shares of Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Middleby presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.83.

Insider Transactions at Middleby

In related news, Director Robert A. Nerbonne bought 780 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $128.52 per share, with a total value of $100,245.60. Following the acquisition, the director owned 21,471 shares of the company’s stock, valued at $2,759,452.92. This represents a 3.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.18% of the stock is currently owned by corporate insiders.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.