Economy

The Middleby Corporation (MIDD) Receives $141.67 Average PT from Analysts

The Middleby Corporation (MIDD) Receives $141.67 Average PT from Analysts”

LS Investment Advisors LLC now owns 1,072 shares of the industrial products company's stock valued at $130,000 after buying an additional 48 shares in the last quarter. The Cabot Wealth Management Inc holds 16,035 shares with $2.07 million value, down from 18,471 last quarter. Middleby Corp now has $6.86 billion valuation. It has underperformed by 8.52% the S&P500.

The Middleby Corporation (NASDAQ:MIDD) last released its quarterly earnings results on Wednesday, August 9th. The fund owned 5,594 shares of the industrial products company's stock after selling 1,464 shares during the quarter. Finally, LS Investment Advisors LLC grew its stake in shares of The Middleby Corporation by 4.7% in the second quarter. The company has market cap of $164.58 million. The stock increased 0.69% or $0.82 on September 8, reaching $119.88. It is down 8.18% since September 7, 2016 and is uptrending. It has underperformed by 36.93% the S&P500.

A number of institutional investors have recently made changes to their positions in the stock.

Investors sentiment increased to 11.77 in Q4 2016. Its up 0.13, from 0.67 in 2016Q3. Dimensional Fund LP reported 212,654 shares. Clinton Group Incorporated accumulated 193,516 shares. Renaissance Tech Llc holds 0.01% or 319,900 shares in its portfolio. Also, the Hold rating count is 0, as of 08 Sep 2017. 1St Glob Advisors Incorporated stated it has 5,754 shares. Jpmorgan Chase &, a New York-based fund reported 1.19 million shares. Cipher Limited Partnership invested 0.03% of its portfolio in Meritor Inc (NYSE:MTOR). 1st Global Advisors Inc. boosted its stake in shares of The Middleby Corporation by 0.6% during the second quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of The Middleby Corporation by 0.9% during the first quarter. Marietta Prtnrs Ltd Limited Liability Company accumulated 0.29% or 6,400 shares. Bb&T Securities Ltd Liability reported 12,564 shares. Fcg Advsr Lc invested in 6,060 shares. Its up 2.68% from 56,000 shares previously. Therefore 79% are positive. The firm has "Buy" rating given on Wednesday, September 30 by Goldman Sachs. The stock has "Hold" rating by Standpoint Research on Sunday, August 9. The firm earned "Outperform" rating on Friday, February 19 by Credit Suisse. As per Monday, April 25, the company rating was initiated by JP Morgan. The rating was maintained by Deutsche Bank with "Buy" on Thursday, August 6. Corporate insiders own 2.00% of the company's stock. BidaskClub raised The Middleby Corporation from a "strong sell" rating to a "sell" rating in a report on Tuesday, July 25th. On Tuesday, April 11 the stock rating was maintained by Jefferies with "Buy".

Here are a few additional firms who have increased or decreased their stake in (MIDD). The industrial products company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. As of quarter end Baird Financial Group, Inc. had sold 10,418 shares trimming its holdings by 2.8%. 60 funds opened positions while 109 raised stakes. Livforsakringsbolaget Skandia Omsesidigt has invested 0.02% in Middleby Corp (NASDAQ:MIDD). Cubist Systematic Strategies Ltd Liability Corporation owns 0.03% invested in Meritor Inc (NYSE:MTOR) for 28,399 shares. Bnp Paribas Prtn Sa invested in 0% or 2,965 shares. Fdx Advsrs reported 7,713 shares. Finally, Keybank National Association OH grew its holdings in The Middleby Corporation by 0.6% during the 1st quarter. Whittier Tru Co Of Nevada holds 0% of its portfolio in Middleby Corp (NASDAQ:MIDD) for 329 shares. Regions Fincl Corporation holds 3,599 shares. $513,200 worth of Middleby Corp (NASDAQ:MIDD) was sold by LINDSAY MARTIN M on Friday, May 26. Deutsche Natl Bank Ag reported 0.02% of its portfolio in Middleby Corp (NASDAQ:MIDD). City holds 0% or 17 shares in its portfolio. Clinton Grp Inc Incorporated has invested 0.02% in Middleby Corp (NASDAQ:MIDD).

More recent Middleby Corp (NASDAQ:MIDD) news were published by: Businesswire.com which released: "The Middleby Corporation Acquires QualServ Solutions, LLC" on September 01, 2017. Also Seekingalpha.com published the news titled: "Middleby: An Attractive Opportunity" on June 07, 2017. Pick Central Garden & Pet (CENT)" with publication date: "August 22, 2017.

Since March 8, 2017, it had 0 insider buys, and 1 sale for $513,200 activity.

Among 7 analysts covering Middleby (NASDAQ:MIDD), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive.

The analysts offering 12 month price targets for The Middleby Corporation have a median target of $142, with a high estimate of $150 and a low estimate of $120. The rating was maintained by BMO Capital Markets on Thursday, August 10 with "Buy". The stock of Middleby Corp (NASDAQ:MIDD) has "Buy" rating given on Thursday, June 22 by BMO Capital Markets. BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 price target (down from $160.00) on shares of The Middleby Corporation in a report on Wednesday, May 17th. TH Capital maintained it with "Buy" rating and $130 target in Thursday, November 12 report. Riverbridge Prtnrs Llc has invested 0.69% in Middleby Corp (NASDAQ:MIDD). Thompson Davis & reported 0% of its portfolio in Middleby Corp (NASDAQ:MIDD). The firm earned "Outperform" rating on Wednesday, January 13 by Macquarie Research.



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