Today: The Middleby Corp. (MIDD) Given Average Recommendation of “Buy” from Brokerages

Today: The Middleby Corp. (MIDD) Given Average Recommendation of “Buy” from Brokerages

The Middleby Corp. (NASDAQ:MIDD) has earned an average rating of “Buy” from the six analysts that are presently covering the stock. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $124.67.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of The Middleby Corp. from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday, November 11th. Wellington Shields raised shares of The Middleby Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, September 9th. Finally, Deutsche Bank AG assumed coverage on shares of The Middleby Corp. in a report on Tuesday, September 6th. They set a “hold” rating and a $123.00 price objective on the stock.

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in The Middleby Corp. by 0.6% in the second quarter. IFP Advisors Inc now owns 876 shares of the company’s stock valued at $101,000 after buying an additional 5 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in The Middleby Corp. by 305.6% in the third quarter. BNP Paribas Arbitrage SA now owns 941 shares of the company’s stock valued at $116,000 after buying an additional 709 shares in the last quarter. Johnson Financial Group Inc. increased its position in The Middleby Corp. by 62.0% in the second quarter. Johnson Financial Group Inc. now owns 1,377 shares of the company’s stock valued at $159,000 after buying an additional 527 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in The Middleby Corp. during the third quarter valued at $198,000. Finally, KCM Investment Advisors LLC acquired a new position in The Middleby Corp. during the third quarter valued at $203,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Middleby Corp. (NASDAQ:MIDD) traded down 1.33% during trading on Monday, reaching $137.36. 262,916 shares of the company traded hands. The firm has a 50 day moving average of $120.00 and a 200 day moving average of $121.32. The stock has a market capitalization of $7.90 billion, a PE ratio of 30.94 and a beta of 1.44. The Middleby Corp. has a 52 week low of $79.11 and a 52 week high of $140.98.

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