Yousif Capital Management LLC Sells 3,444 Shares of The Middleby Corporation $MIDD

Yousif Capital Management LLC lessened its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 18.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,360 shares of the industrial products company’s stock after selling 3,444 shares during the quarter. Yousif Capital Management LLC’s holdings in Middleby were worth $2,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MIDD. Clarkston Capital Partners LLC raised its holdings in Middleby by 0.6% during the 2nd quarter. Clarkston Capital Partners LLC now owns 692,764 shares of the industrial products company’s stock worth $99,758,000 after purchasing an additional 4,204 shares during the last quarter. Sei Investments Co. raised its stake in shares of Middleby by 4.0% during the second quarter. Sei Investments Co. now owns 680,688 shares of the industrial products company’s stock worth $98,019,000 after buying an additional 26,022 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Middleby by 27.0% in the second quarter. Franklin Resources Inc. now owns 621,794 shares of the industrial products company’s stock valued at $89,538,000 after buying an additional 132,191 shares during the period. Ameriprise Financial Inc. lifted its holdings in Middleby by 21.3% in the second quarter. Ameriprise Financial Inc. now owns 592,168 shares of the industrial products company’s stock valued at $85,272,000 after buying an additional 103,930 shares during the period. Finally, Amundi boosted its stake in Middleby by 34.9% in the first quarter. Amundi now owns 501,718 shares of the industrial products company’s stock valued at $71,329,000 after acquiring an additional 129,864 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MIDD shares. Wolfe Research set a $163.00 price target on Middleby and gave the company an “outperform” rating in a research note on Thursday, September 4th. Barclays set a $168.00 price objective on Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. Zacks Research upgraded Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. JPMorgan Chase & Co. raised Middleby from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $125.00 in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Middleby in a research report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $161.33.

Middleby Stock Up 0.4%

NASDAQ:MIDD opened at $151.11 on Monday. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $182.73. The stock has a 50-day moving average price of $129.34 and a two-hundred day moving average price of $135.56. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of -34.34 and a beta of 1.39. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The company had revenue of $982.13 million for the quarter, compared to analyst estimates of $961.21 million. During the same quarter last year, the firm posted $2.33 earnings per share. Middleby’s revenue was up 4.2% compared to the same quarter last year. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. As a group, equities analysts expect that The Middleby Corporation will post 9.11 earnings per share for the current year.

Insider Buying and Selling at Middleby

In related news, Director Robert A. Nerbonne purchased 780 shares of Middleby stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $128.52 per share, for a total transaction of $100,245.60. Following the completion of the acquisition, the director directly owned 21,471 shares of the company’s stock, valued at $2,759,452.92. This represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.18% of the stock is owned by company insiders.

Middleby Company Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.