Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Shares of The Middleby Co. (NASDAQ:MIDD - Get Rating) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $177.60.

Several equities analysts recently weighed in on MIDD shares. JPMorgan Chase & Co. dropped their price objective on Middleby from $160.00 to $135.00 and set a "neutral" rating for the company in a research note on Tuesday, July 12th. TheStreet downgraded Middleby from a "b-" rating to a "c+" rating in a research note on Wednesday, May 11th. Citigroup dropped their target price on shares of Middleby from $180.00 to $160.00 in a report on Thursday, July 7th. Robert W. Baird reduced their price target on shares of Middleby from $211.00 to $201.00 in a report on Wednesday, May 11th. Finally, KeyCorp dropped their price objective on shares of Middleby from $182.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, July 22nd.Insider Activity at Middleby

In other Middleby news, Director Chapin Sarah Palisi sold 250 shares of Middleby stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $148.53, for a total value of $37,132.50. Following the completion of the sale, the director now directly owns 7,460 shares of the company's stock, valued at approximately $1,108,033.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Middleby news, Director Chapin Sarah Palisi sold 250 shares of the firm's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $148.53, for a total value of $37,132.50. Following the sale, the director now directly owns 7,460 shares of the company's stock, valued at approximately $1,108,033.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cathy L. Mccarthy sold 500 shares of the firm's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $157.06, for a total transaction of $78,530.00. Following the completion of the sale, the director now directly owns 7,925 shares in the company, valued at $1,244,700.50. The disclosure for this sale can be found here. Insiders own 1.24% of the company's stock. Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MIDD. Allspring Global Investments Holdings LLC acquired a new stake in Middleby during the fourth quarter worth about $73,000. Commonwealth Equity Services LLC increased its position in Middleby by 5.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,871 shares of the industrial products company's stock worth $368,000 after purchasing an additional 95 shares in the last quarter. Sigma Planning Corp purchased a new position in Middleby in the fourth quarter valued at approximately $354,000. KBC Group NV lifted its position in Middleby by 9.5% during the fourth quarter. KBC Group NV now owns 6,445 shares of the industrial products company's stock valued at $1,268,000 after buying an additional 559 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in Middleby by 7.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 3,346 shares of the industrial products company's stock worth $659,000 after buying an additional 234 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors. Middleby Stock Performance

Shares of MIDD stock opened at $160.30 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The stock has a 50 day simple moving average of $135.83 and a 200-day simple moving average of $153.21. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 18.90 and a beta of 1.59. Middleby has a 12-month low of $120.30 and a 12-month high of $201.34.

Middleby (NASDAQ:MIDD - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The industrial products company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.07. Middleby had a net margin of 12.94% and a return on equity of 19.11%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.84 million. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The firm's revenue was up 25.3% on a year-over-year basis. On average, equities analysts forecast that Middleby will post 9.52 EPS for the current year. Middleby Company Profile (Get Rating)

The Middleby Corporation designs, manufactures, markets, distributes, and services a range of 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 conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; and soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions.Read MoreGet a free copy of the StockNews.com research report on Middleby (MIDD)Are These 3 Video Game Stocks Now In Play? 2 Long-Term EV Plays Trading Under $20Why Apple is Primed to Take a Bite Out of Live Sports Exxon, Occidental Petroleum Lead Heavy Month Of Insider Buying Home Depot Results Point To Sluggish 2nd Half

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Middleby, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Middleby wasn't on the list.

While Middleby currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

David McNatt discusses ESG investing and offers ways to avoid pitfalls and to understand exactly what kinds of companies you are buying.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.