Shares of The Middleby Corporation (NASDAQ:MIDD) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $142.57.

A number of research analysts recently commented on MIDD shares. Zacks Investment Research downgraded The Middleby Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wellington Shields upgraded The Middleby Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, July 11th. BidaskClub downgraded The Middleby Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. BMO Capital Markets restated a “buy” rating and set a $150.00 price objective (down from $155.00) on shares of The Middleby Corporation in a research note on Friday, June 23rd. Finally, Citigroup Inc. restated a “neutral” rating and set a $130.00 price objective on shares of The Middleby Corporation in a research note on Thursday, September 7th.

The Middleby Corporation (NASDAQ:MIDD) traded up 0.28% during trading on Wednesday, reaching $128.17. 255,626 shares of the company were exchanged. The Middleby Corporation has a 52-week low of $108.45 and a 52-week high of $150.87. The firm’s 50 day moving average is $121.60 and its 200 day moving average is $129.31. The stock has a market capitalization of $7.38 billion, a PE ratio of 24.01 and a beta of 1.81.

The Middleby Corporation (NASDAQ:MIDD) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.01. The firm had revenue of $579.34 million during the quarter, compared to the consensus estimate of $587.49 million. The Middleby Corporation had a return on equity of 23.05% and a net margin of 13.38%. Analysts expect that The Middleby Corporation will post $5.59 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/30/analysts-set-the-middleby-corporation-midd-price-target-at-142-57.html.

In related news, Director John R. Miller III sold 8,500 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $118.50, for a total transaction of $1,007,250.00. Following the completion of the transaction, the director now owns 16,000 shares of the company’s stock, valued at $1,896,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gordon Obrien sold 5,600 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $121.41, for a total value of $679,896.00. Following the transaction, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $1,341,580.50. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Eagle Asset Management Inc. boosted its stake in The Middleby Corporation by 38.3% during the second quarter. Eagle Asset Management Inc. now owns 267,864 shares of the industrial products company’s stock valued at $32,548,000 after buying an additional 74,120 shares in the last quarter. Financial Counselors Inc. boosted its stake in The Middleby Corporation by 39.7% during the second quarter. Financial Counselors Inc. now owns 14,673 shares of the industrial products company’s stock valued at $1,783,000 after buying an additional 4,170 shares in the last quarter. Nicholas Company Inc. boosted its stake in The Middleby Corporation by 173.8% during the second quarter. Nicholas Company Inc. now owns 133,945 shares of the industrial products company’s stock valued at $16,275,000 after buying an additional 85,020 shares in the last quarter. Prudential Financial Inc. boosted its stake in The Middleby Corporation by 117.2% during the first quarter. Prudential Financial Inc. now owns 8,340 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 4,500 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in The Middleby Corporation by 27.0% during the first quarter. World Asset Management Inc now owns 2,564 shares of the industrial products company’s stock valued at $350,000 after buying an additional 545 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

The Middleby Corporation Company Profile

The Middleby Corporation 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.

Analyst Recommendations for The Middleby Corporation (NASDAQ:MIDD)

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