Quantbot Technologies LP acquired a new stake in The Middleby Co. (NASDAQ:MIDD - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,233 shares of the industrial products company's stock, valued at approximately $1,145,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MIDD. Tidal Investments LLC grew its holdings in shares of Middleby by 278.9% during the 1st quarter. Tidal Investments LLC now owns 9,060 shares of the industrial products company's stock valued at $1,457,000 after purchasing an additional 6,669 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of Middleby by 13.7% during the first quarter. Cetera Advisors LLC now owns 1,560 shares of the industrial products company's stock worth $251,000 after buying an additional 188 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Middleby by 97.7% during the second quarter. GAMMA Investing LLC now owns 255 shares of the industrial products company's stock worth $31,000 after buying an additional 126 shares in the last quarter. First Hawaiian Bank lifted its stake in shares of Middleby by 8.8% in the 2nd quarter. First Hawaiian Bank now owns 3,530 shares of the industrial products company's stock valued at $433,000 after acquiring an additional 285 shares during the last quarter. Finally, Olstein Capital Management L.P. boosted its holdings in shares of Middleby by 75.0% during the 2nd quarter. Olstein Capital Management L.P. now owns 66,500 shares of the industrial products company's stock valued at $8,154,000 after acquiring an additional 28,500 shares in the last quarter. Institutional investors own 98.55% of the company's stock.
Middleby Trading Up 1.2 %
Shares of Middleby stock traded up $1.64 during midday trading on Friday, reaching $143.39. The company had a trading volume of 188,266 shares, compared to its average volume of 617,012. The stock has a fifty day moving average price of $138.04 and a 200 day moving average price of $133.56. The Middleby Co. has a fifty-two week low of $118.41 and a fifty-two week high of $161.01. The firm has a market cap of $7.71 billion, a PE ratio of 19.78 and a beta of 1.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70.
Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.33 EPS for the quarter, missing analysts' consensus estimates of $2.48 by ($0.15). The firm had revenue of $942.81 million during the quarter, compared to the consensus estimate of $996.60 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 earnings per share. On average, equities analysts anticipate that The Middleby Co. will post 9.12 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. StockNews.com upgraded Middleby from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Canaccord Genuity Group dropped their price objective on shares of Middleby from $164.00 to $155.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $164.00 target price on shares of Middleby in a research report on Saturday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.67.
Check Out Our Latest Research Report on MIDD
Middleby Company Profile
(
Free Report)
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.
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