Shares of The Middleby Corp. (NASDAQ:MIDD) have been given a consensus rating of “Buy” by the six research firms that are currently covering the firm. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating 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 research analysts have recently weighed in on MIDD shares. Zacks Investment Research upgraded shares of The Middleby Corp. from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, August 16th. Deutsche Bank AG initiated coverage on shares of The Middleby Corp. in a research note on Tuesday, September 6th. They set a “hold” rating and a $123.00 target price on the stock. Finally, Wellington Shields upgraded shares of The Middleby Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, September 9th.

TRADEMARK VIOLATION NOTICE: “The Middleby Corp. (MIDD) Receives Average Recommendation of “Buy” from Brokerages” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/28/the-middleby-corp-midd-receives-average-recommendation-of-buy-from-brokerages.html.

Shares of The Middleby Corp. (NASDAQ:MIDD) traded down 1.33% on Monday, hitting $137.36. The stock had a trading volume of 262,916 shares. The stock has a market cap of $7.90 billion, a PE ratio of 30.94 and a beta of 1.44. The Middleby Corp. has a 12 month low of $79.11 and a 12 month high of $140.98. The company has a 50 day moving average price of $120.00 and a 200-day moving average price of $121.32.

A number of hedge funds have recently made changes to their positions in MIDD. South Texas Money Management Ltd. boosted its stake in shares of The Middleby Corp. by 13.3% in the second quarter. South Texas Money Management Ltd. now owns 109,587 shares of the company’s stock valued at $12,630,000 after buying an additional 12,854 shares during the last quarter. Calamos Advisors LLC bought a new stake in shares of The Middleby Corp. during the second quarter valued at approximately $23,355,000. Public Employees Retirement Association of Colorado boosted its stake in shares of The Middleby Corp. by 2,957.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 420,324 shares of the company’s stock valued at $48,442,000 after buying an additional 406,577 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of The Middleby Corp. by 72.3% in the second quarter. Handelsbanken Fonder AB now owns 286,000 shares of the company’s stock valued at $32,962,000 after buying an additional 120,000 shares during the last quarter. Finally, Welch & Forbes LLC boosted its stake in shares of The Middleby Corp. by 9.6% in the second quarter. Welch & Forbes LLC now owns 122,110 shares of the company’s stock valued at $14,073,000 after buying an additional 10,661 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

About The Middleby Corp.

The Middleby Corporation (Middleby) is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.

5 Day Chart for NASDAQ:MIDD

Receive News & Stock Ratings for The Middleby Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Middleby Corp. and related stocks with our FREE daily email newsletter.