Zions Bancorporation bought a new position in shares of Middleby Corp (NASDAQ:MIDD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,226 shares of the industrial products company’s stock, valued at approximately $159,000.
Other large investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC bought a new stake in shares of Middleby during the second quarter worth $118,000. Cubist Systematic Strategies LLC lifted its position in shares of Middleby by 305.0% during the second quarter. Cubist Systematic Strategies LLC now owns 1,377 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 1,037 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Middleby during the second quarter worth $229,000. Standard Life Aberdeen plc bought a new stake in shares of Middleby during the second quarter worth $311,000. Finally, Seven Eight Capital LP bought a new stake in shares of Middleby during the third quarter worth $325,000.
MIDD stock opened at $109.39 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.94 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $6.46 billion, a P/E ratio of 17.76 and a beta of 1.83. Middleby Corp has a 1-year low of $98.06 and a 1-year high of $138.89.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Middleby from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. BidaskClub upgraded Middleby from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 27th. ValuEngine upgraded Middleby from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Citigroup lifted their price objective on Middleby from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Finally, TheStreet upgraded Middleby from a “c+” rating to a “b-” rating in a report on Wednesday, September 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Middleby has a consensus rating of “Hold” and a consensus target price of $135.57.
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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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