ValuEngine upgraded shares of Middleby (NASDAQ:MIDD) from a sell rating to a hold rating in a report released on Tuesday morning.

A number of other research firms have also commented on MIDD. Zacks Investment Research raised shares of Middleby from a sell rating to a hold rating in a research note on Tuesday, May 8th. Robert W. Baird raised their price objective on shares of Middleby from $116.00 to $130.00 and gave the stock a hold rating in a research note on Thursday, August 9th. BidaskClub raised shares of Middleby from a hold rating to a buy rating in a research note on Thursday, August 23rd. Wellington Shields raised shares of Middleby from a hold rating to a gradually accumulate rating in a research note on Thursday, August 9th. Finally, Citigroup raised their price objective on shares of Middleby from $116.00 to $117.00 and gave the stock a neutral rating in a research note on Wednesday, August 15th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Middleby has a consensus rating of Hold and a consensus price target of $126.57.

Middleby stock opened at $125.45 on Tuesday. Middleby has a 52 week low of $98.06 and a 52 week high of $138.89. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.94 and a quick ratio of 1.06. The company has a market capitalization of $6.99 billion, a P/E ratio of 20.37 and a beta of 1.88.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Wednesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.04). Middleby had a return on equity of 22.52% and a net margin of 12.07%. The firm had revenue of $668.13 million during the quarter, compared to analyst estimates of $645.88 million. During the same period in the prior year, the business posted $1.35 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. equities analysts forecast that Middleby will post 6.08 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC lifted its position in Middleby by 261.6% in the 1st quarter. Private Capital Group LLC now owns 886 shares of the industrial products company’s stock worth $110,000 after buying an additional 641 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in Middleby in the 2nd quarter worth approximately $118,000. Cubist Systematic Strategies LLC lifted its position in Middleby by 305.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,377 shares of the industrial products company’s stock worth $144,000 after buying an additional 1,037 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in Middleby in the 2nd quarter worth approximately $229,000. Finally, Standard Life Aberdeen plc purchased a new stake in Middleby in the 2nd quarter worth approximately $311,000.

Middleby Company Profile

The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.

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Analyst Recommendations for Middleby (NASDAQ:MIDD)

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