November 30, 2016 - By Winifred Garcia · 0 Comments
Middleby Corp (NASDAQ:MIDD) institutional sentiment decreased to 1.09 in 2016 Q2. Its down -0.01, from 1.1 in 2016Q1. The ratio turned negative, as 152 institutional investors increased or opened new equity positions, while 138 sold and reduced their stock positions in Middleby Corp. The institutional investors in our partner’s database now hold: 51.56 million shares, down from 53.44 million shares in 2016Q1. Also, the number of institutional investors holding Middleby Corp in their top 10 equity positions decreased from 8 to 7 for a decrease of 1. Sold All: 22 Reduced: 116 Increased: 99 New Position: 53.
The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The company has a market cap of $7.72 billion. The Firm operates in three divisions: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. It has a 30.62 P/E ratio. The Company’s Commercial Foodservice Equipment Group segment has a portfolio of cooking and warming equipment, which serves cooking or warming application within a commercial kitchen or foodservice operation.
The stock decreased 0.79% or $1.09 during the last trading session, hitting $136.15. Middleby Corp (NASDAQ:MIDD) has risen 20.68% since April 27, 2016 and is uptrending. It has outperformed by 15.45% the S&P500.
Analysts await Middleby Corp (NASDAQ:MIDD) to report earnings on March, 7. They expect $1.25 EPS, up 7.76% or $0.09 from last year’s $1.16 per share. MIDD’s profit will be $70.88 million for 27.23 P/E if the $1.25 EPS becomes a reality. After $1.34 actual EPS reported by Middleby Corp for the previous quarter, Wall Street now forecasts -6.72% negative EPS growth.
According to Zacks Investment Research, “MIDDLEBY CORP. through its subsidiaries and their operating divisions, is engaged in the manufacture and sale of commercial foodservice equipment and beverage merchandisers. It designs, develops, manufactures and markets a broad line of equipment used for the cooking, preparation and refrigeration of food for commercial and institutional kitchens and restaurants, along with a line a refrigerated display coolers used primarily by soft drink bottlers in supermarkets and other retail outlets.”
Disciplined Growth Investors Inc Mn holds 4.92% of its portfolio in Middleby Corp for 1.70 million shares. Weatherbie Capital Llc owns 234,691 shares or 3.84% of their US portfolio. Moreover, Weybosset Research & Management Llc has 3.69% invested in the company for 42,074 shares. The Texas-based Friedberg Investment Management has invested 3.41% in the stock. Oak Ridge Investments Llc, a Illinois-based fund reported 1.10 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 insider sales for $602,706 net activity.
Ratings analysis reveals 80% of Middleby’s analysts are positive. Out of 5 Wall Street analysts rating Middleby, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $123 while the high is $130. The stock’s average target of $127.67 is -6.23% below today’s ($136.15) share price. MIDD was included in 5 notes of analysts from November 12, 2015. The firm has “Outperform” rating by Macquarie Research given on Wednesday, January 13. The firm has “Buy” rating by TH Capital given on Thursday, November 12. The stock has “Buy” rating given by Roth Capital on Thursday, November 12. As per Wednesday, November 18, the company rating was upgraded by BMO Capital Markets. The firm earned “Hold” rating on Wednesday, September 7 by Deutsche Bank.
The Middleby Corporation (Middleby), incorporated on March 12, 1985, is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Firm operates in three divisions: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The Firm is also engaged in the design, manufacture, marketing, distribution and service of a range of equipment used in commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and kitchen equipment, including ranges, ovens, refrigerators, ventilation and dishwashers used in the residential market. The Company’s subsidiary is Middleby Marshall Inc. The firm makes and assembles the equipment at approximately 30 facilities in the United States and over 20 international manufacturing facilities.
More news for Middleby Corp (NASDAQ:MIDD) were recently published by: Streetinsider.com, which released: “Form 4 MIDDLEBY CORP For: Nov 23 Filed by: Lamb Robert B” on November 28, 2016. Seekingalpha.com‘s article titled: “The Middleby Corporation’s (MIDD) CEO Selim Bassoul on Q2 2016 Results …” and published on August 12, 2016 is yet another important article.
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By Winifred Garcia