Todays Report: Today: The Middleby Corp. (MIDD) Director Robert B. Lamb Sold 3,422 Shares

Today: The Middleby Corp. (MIDD) Director Robert B. Lamb Sold 3,422 Shares

The Middleby Corp. (NASDAQ:MIDD) Director Robert B. Lamb sold 3,422 shares of The Middleby Corp. stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $135.83, for a total value of $464,810.26. Following the sale, the director now owns 15,078 shares of the company’s stock, valued at approximately $2,048,044.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of The Middleby Corp. (NASDAQ:MIDD) traded down 1.42% during trading on Monday, reaching $137.24. The company’s stock had a trading volume of 545,604 shares. The company has a 50 day moving average of $120.00 and a 200-day moving average of $121.32. The Middleby Corp. has a 12-month low of $79.11 and a 12-month high of $140.98. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 30.91 and a beta of 1.44.

Several hedge funds have recently added to or reduced their stakes in MIDD. A.R.T. Advisors LLC acquired a new stake in The Middleby Corp. during the first quarter valued at about $583,000. GW&K Investment Management LLC boosted its stake in The Middleby Corp. by 9.9% in the second quarter. GW&K Investment Management LLC now owns 275,264 shares of the company’s stock valued at $31,724,000 after buying an additional 24,770 shares in the last quarter. Svenska Handelsbanken AB publ acquired a new stake in The Middleby Corp. during the second quarter valued at about $634,000. Creative Planning boosted its stake in The Middleby Corp. by 36.4% in the second quarter. Creative Planning now owns 5,460 shares of the company’s stock valued at $629,000 after buying an additional 1,458 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in The Middleby Corp. by 0.7% in the second quarter. Eqis Capital Management Inc. now owns 9,176 shares of the company’s stock valued at $1,058,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

MIDD has been the subject of a number of recent research reports. Zacks Investment Research upgraded The Middleby Corp. from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Tuesday, August 16th. Deutsche Bank AG initiated coverage on The Middleby Corp. in a research report on Tuesday, September 6th. They issued a “hold” rating and a $123.00 target price for the company. Finally, Wellington Shields upgraded The Middleby Corp. from a “hold” rating to an “accumulate” rating in a research report on Friday, September 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $124.67.

About The Middleby Corp.

Related posts

Leave a Comment