Peak6 LLC Makes New Investment in The Middleby Co. (NASDAQ:MIDD)

PEAK6 LLC acquired a new position in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,646 shares of the industrial products company's stock, valued at approximately $2,119,000.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Middleby by 41.1% during the fourth quarter. UMB Bank n.a. now owns 398 shares of the industrial products company's stock valued at $54,000 after buying an additional 116 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Middleby during the fourth quarter valued at approximately $71,000. Principal Securities Inc. grew its holdings in Middleby by 16.0% during the fourth quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock worth $77,000 after buying an additional 78 shares in the last quarter. GAMMA Investing LLC lifted its stake in Middleby by 27.2% during the 4th quarter. GAMMA Investing LLC now owns 622 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 133 shares in the last quarter. Finally, Crewe Advisors LLC boosted its holdings in 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 last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Trading Up 0.5 %

NASDAQ:MIDD traded up $0.61 during trading hours on Wednesday, reaching $128.05. The company's stock had a trading volume of 956,936 shares, compared to its average volume of 679,500. 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 firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 17.66 and a beta of 1.44. The firm has a 50-day simple moving average of $150.48 and a 200-day simple moving average of $145.59. The Middleby Co. has a 1 year low of $118.41 and a 1 year high of $182.73.

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, topping the consensus estimate of $2.50 by $0.38. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.69 million. During the same period in the previous year, the firm earned $2.65 earnings per share. The firm's revenue for the quarter was up .4% on a year-over-year basis. Research analysts expect that The Middleby Co. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on MIDD shares. KeyCorp lowered their target price on shares of Middleby from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Robert W. Baird lifted their target price on shares of Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. StockNews.com lowered Middleby from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Canaccord Genuity Group lifted their price target on Middleby from $192.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Barclays lifted their target price on Middleby from $160.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $179.43.

Insider Buying and Selling at Middleby

In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $163.51, for a total value of $81,755.00. Following the completion of the transaction, the director now directly owns 6,111 shares in the company, valued at approximately $999,209.61. This represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.18% of the stock is currently owned by corporate insiders.

Middleby 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.