Regents Gate Capital LLP Takes $3.59 Million Position in The Middleby Co. (NASDAQ:MIDD)

Regents Gate Capital LLP acquired a new stake in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 26,493 shares of the industrial products company's stock, valued at approximately $3,588,000. Middleby comprises 1.4% of Regents Gate Capital LLP's investment portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of Middleby by 306.5% during the 3rd quarter. Covestor Ltd now owns 252 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 190 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Middleby by 93.2% during the 3rd quarter. UMB Bank n.a. now owns 282 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 136 shares during the last quarter. Avior Wealth Management LLC raised its stake in Middleby by 820.0% in the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $45,000 after acquiring an additional 287 shares during the last quarter. GAMMA Investing LLC raised its stake in Middleby by 91.8% in the 3rd quarter. GAMMA Investing LLC now owns 489 shares of the industrial products company's stock worth $68,000 after acquiring an additional 234 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Middleby in the 3rd quarter worth $72,000. Hedge funds and other institutional investors own 98.55% of the company's stock.

Middleby Stock Performance

Shares of NASDAQ MIDD traded up $1.90 during trading on Thursday, reaching $167.00. 851,950 shares of the company traded hands, compared to its average volume of 854,636. The firm's fifty day simple moving average is $147.20 and its 200 day simple moving average is $141.17. The stock has a market cap of $8.98 billion, a P/E ratio of 23.03 and a beta of 1.64. The Middleby Co. has a 12-month low of $118.41 and a 12-month high of $177.90. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

MIDD has been the subject of a number of research analyst reports. StockNews.com lowered Middleby from a "buy" rating to a "hold" rating in a research note on Monday, January 27th. Robert W. Baird raised their target price on Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on Middleby from $134.00 to $145.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Jefferies Financial Group restated a "hold" rating and issued a $160.00 target price (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group raised their target price on Middleby from $155.00 to $192.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $178.83.

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.