The Middleby Corp. (MIDD) Shares Gap Up to $113.64
The Middleby Corp. (NASDAQ:MIDD) shares gapped up before the market opened on Friday . The stock had previously closed at $113.29, but opened at $113.64. The Middleby Corp. shares last traded at $115.75, with a volume of 132,429 shares trading hands.
Separately, Zacks Investment Research raised shares of The Middleby Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Five equities research analysts have rated the stock with a buy rating, The Middleby Corp. presently has a consensus rating of “Buy” and an average target price of $125.00.
The stock has a market cap of $6.65 billion and a price-to-earnings ratio of 31.65. The firm has a 50 day moving average of $120.09 and a 200-day moving average of $105.16.
The Middleby Corp. (NASDAQ:MIDD) last released its earnings results on Wednesday, May 11th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.12. The firm earned $516.36 million during the quarter, compared to the consensus estimate of $515.56 million. During the same period in the prior year, the business posted $0.80 earnings per share. The Middleby Corp.’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, equities research analysts expect that The Middleby Corp. will post $4.57 earnings per share for the current year.
A number of large investors have made changes to their positions in MIDD. Holland Capital Management LLC acquired a new stake in shares of The Middleby Corp. during the fourth quarter valued at about $1,087,000. Whittier Trust Co. increased its stake in shares of The Middleby Corp. by 1.1% in the fourth quarter. Whittier Trust Co. now owns 14,261 shares of the company’s stock valued at $1,538,000 after buying an additional 149 shares in the last quarter. Financial Counselors Inc. increased its stake in shares of The Middleby Corp. by 36.7% in the fourth quarter. Financial Counselors Inc. now owns 16,618 shares of the company’s stock valued at $1,793,000 after buying an additional 4,462 shares in the last quarter. Callahan Advisors LLC increased its stake in shares of The Middleby Corp. by 2.3% in the fourth quarter. Callahan Advisors LLC now owns 17,745 shares of the company’s stock valued at $1,914,000 after buying an additional 400 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of The Middleby Corp. during the fourth quarter valued at about $2,465,000.
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.
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