GHP Investment Advisors Inc. Has $3.11 Million Stock Holdings in The Middleby Co. (NASDAQ:MIDD)

GHP Investment Advisors Inc. grew its stake in The Middleby Co. (NASDAQ:MIDD - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,929 shares of the industrial products company's stock after purchasing an additional 2,763 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Middleby were worth $3,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MIDD. Assenagon Asset Management S.A. lifted its stake in Middleby by 4,494.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,266,327 shares of the industrial products company's stock valued at $171,524,000 after buying an additional 1,238,767 shares during the period. Pacer Advisors Inc. raised its position in shares of Middleby by 17.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,138,999 shares of the industrial products company's stock valued at $158,469,000 after acquiring an additional 171,634 shares during the period. New York State Common Retirement Fund boosted its stake in Middleby by 275.2% during the 3rd quarter. New York State Common Retirement Fund now owns 185,885 shares of the industrial products company's stock worth $25,862,000 after acquiring an additional 136,345 shares during the last quarter. Natixis Advisors LLC acquired a new position in Middleby during the third quarter valued at approximately $10,928,000. Finally, Point72 Asset Management L.P. acquired a new stake in Middleby in the third quarter worth $4,486,000. 98.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MIDD has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Middleby from $134.00 to $145.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Jefferies Financial Group reissued a "hold" rating and issued a $160.00 target price (down from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Robert W. Baird raised their price target on Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. KeyCorp boosted their price objective on Middleby from $160.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of Middleby from a "buy" rating to a "hold" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $178.83.

Middleby Stock Up 0.3 %

Middleby stock traded up $0.53 during mid-day trading on Monday, reaching $165.40. The company's stock had a trading volume of 172,003 shares, compared to its average volume of 851,005. The business's 50 day simple moving average is $145.35 and its 200 day simple moving average is $140.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81. The Middleby Co. has a 12 month low of $118.41 and a 12 month high of $177.90. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 22.80 and a beta of 1.64.

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.