The Middleby Corporation (NASDAQ:MIDD) – Investment analysts at Seaport Global Securities upped their Q1 2018 earnings per share estimates for The Middleby Corporation in a research report issued on Thursday. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings of $1.26 per share for the quarter, up from their previous estimate of $1.24.

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MIDD has been the subject of a number of other reports. Macquarie raised The Middleby Corporation from a “neutral” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Tuesday, August 15th. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target on shares of The Middleby Corporation in a research report on Friday, August 11th. BidaskClub raised The Middleby Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised The Middleby Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $130.00 price target on shares of The Middleby Corporation in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $140.63.

Shares of The Middleby Corporation (NASDAQ:MIDD) opened at $109.84 on Monday. The company has a market capitalization of $6,141.47, a price-to-earnings ratio of 20.27 and a beta of 1.87. The Middleby Corporation has a 12-month low of $107.68 and a 12-month high of $150.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.99 and a quick ratio of 1.04.

In other The Middleby Corporation news, Director John R. Miller III sold 8,500 shares of The Middleby Corporation stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $118.50, for a total value of $1,007,250.00. Following the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $1,896,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gordon Obrien sold 5,600 shares of The Middleby Corporation stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $121.41, for a total value of $679,896.00. Following the completion of the transaction, the director now directly owns 11,050 shares in the company, valued at $1,341,580.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of The Middleby Corporation by 10.5% during the second quarter. IFP Advisors Inc now owns 1,031 shares of the industrial products company’s stock valued at $125,000 after buying an additional 98 shares during the period. LS Investment Advisors LLC increased its stake in shares of The Middleby Corporation by 4.7% during the second quarter. LS Investment Advisors LLC now owns 1,072 shares of the industrial products company’s stock valued at $130,000 after buying an additional 48 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of The Middleby Corporation by 9.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,124 shares of the industrial products company’s stock valued at $137,000 after buying an additional 95 shares during the period. Fiduciary Trust Co. bought a new stake in shares of The Middleby Corporation during the second quarter valued at approximately $143,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of The Middleby Corporation during the second quarter valued at approximately $154,000. 95.03% of the stock is currently owned by hedge funds and other institutional investors.

The Middleby Corporation Company Profile

The Middleby Corporation 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.

Earnings History and Estimates for The Middleby Corporation (NASDAQ:MIDD)

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