2 weeks Ago By Defense World Staff
The Middleby Co. ( NASDAQ:MIDD – Get Free Report ) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the company, MarketBeat.com reports.
One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $156.50.
MIDD has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $164.00 target price on shares of Middleby in a research note on Friday, September 13th.
Raymond James started coverage on shares of Middleby in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co.
upped their price target on shares of Middleby from $118.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd.
Canaccord Genuity Group reaffirmed a “buy” rating and issued a $164.00 price target on shares of Middleby in a research note on Saturday, September 14th. Finally, Robert W.
Baird boosted their price objective on Middleby from $155.00 to $169.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd.
Get Our Latest Report on MIDD Middleby Stock Performance Middleby ( NASDAQ:MIDD – Get Free Report ) last posted its earnings results on Thursday, August 1st. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.
31 by $0.08. The business had revenue of $991.
55 million for the quarter, compared to analyst estimates of $994.05 million. Middleby had a net margin of 9.
90% and a return on equity of 15.25%. The company’s revenue for the quarter was down 4.
7% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 EPS.
Equities research analysts anticipate that Middleby will post 9.63 earnings per share for the current year. Institutional Trading of Middleby Several large investors have recently added to or reduced their stakes in the stock.
Epoch Investment Partners Inc. boosted its position in shares of Middleby by 481.0% during the 4th quarter.
Epoch Investment Partners Inc. now owns 68,400 shares of the industrial products company’s stock valued at $10,066,000 after acquiring an additional 56,627 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Middleby during the 4th quarter worth approximately $3,435,000.
Balyasny Asset Management L.P. raised its position in shares of Middleby by 533.
7% during the 4th quarter. Balyasny Asset Management L.P.
now owns 483,214 shares of the industrial products company’s stock valued at $71,115,000 after buying an additional 406,958 shares during the period. Retirement Systems of Alabama lifted its holdings in Middleby by 10.1% in the first quarter.
Retirement Systems of Alabama now owns 73,925 shares of the industrial products company’s stock valued at $11,886,000 after acquiring an additional 6,789 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Middleby by 278.9% in the first quarter.
Tidal Investments LLC now owns 9,060 shares of the industrial products company’s stock worth $1,457,000 after acquiring an additional 6,669 shares during the period. 98.55% of the stock is currently owned by hedge funds and other institutional investors.
About Middleby ( Get 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. Recommended Stories Five stocks we like better than Middleby What Do S&P 500 Stocks Tell Investors About the Market? Simon Property REIT: A Safe Bet for Growth and Steady Dividends The 3 Best Fintech Stocks to Buy Now CarMax’s Impressive Rally: What Investors Should Watch Next 5 Top Rated Dividend Stocks to Consider MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Middleby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middleby and related companies with MarketBeat.
com's FREE daily email newsletter ..
