Jump Financial LLC Takes Position in The Middleby Co. (NASDAQ:MIDD)

Jump Financial LLC acquired a new stake in The Middleby Co. (NASDAQ:MIDD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,098 shares of the industrial products company's stock, valued at approximately $284,000.

A number of other institutional investors have also recently bought and sold shares of MIDD. UMB Bank n.a. lifted its holdings in shares of Middleby by 41.1% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company's stock worth $54,000 after acquiring an additional 116 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Middleby during the 4th quarter worth approximately $71,000. Principal Securities Inc. lifted its holdings in shares of Middleby by 16.0% during the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock worth $77,000 after acquiring an additional 78 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Middleby by 27.2% during the 4th quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company's stock worth $84,000 after acquiring an additional 133 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in shares of Middleby by 73.2% during the 4th quarter. Crewe Advisors LLC now owns 710 shares of the industrial products company's stock worth $96,000 after acquiring an additional 300 shares during the period. Institutional investors own 98.55% of the company's stock.

Insider Transactions at Middleby

In related news, Director Chapin Sarah Palisi sold 500 shares of Middleby stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $163.51, for a total value of $81,755.00. Following the completion of the sale, the director now owns 6,111 shares of the company's stock, valued at approximately $999,209.61. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.18% of the company's stock.

Analyst Ratings Changes

MIDD has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. KeyCorp cut their price objective on Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Canaccord Genuity Group raised their price objective on Middleby from $192.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Barclays raised their price objective on Middleby from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, StockNews.com downgraded Middleby from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $179.43.

Middleby Trading Up 1.7 %

Shares of MIDD stock traded up $2.20 during mid-day trading on Tuesday, hitting $132.78. The company's stock had a trading volume of 770,095 shares, compared to its average volume of 686,603. The Middleby Co. has a 52 week low of $118.41 and a 52 week high of $182.73. The company has a market cap of $7.12 billion, a PE ratio of 18.31 and a beta of 1.44. The company's fifty day simple moving average is $146.61 and its 200-day simple moving average is $145.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $2.88 EPS for the quarter, beating analysts' consensus estimates of $2.50 by $0.38. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.69 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The firm's revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 EPS. As a group, equities research analysts expect that The Middleby Co. will post 9.11 earnings per share for the current fiscal year.

About Middleby

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.