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The Middleby Co. (NASDAQ:MIDD - Get Rating) Director Chapin Sarah Palisi sold 225 shares of the firm's stock in a transaction on Friday, September 9th. The shares were sold at an average price of $148.00, for a total value of $33,300.00. Following the sale, the director now directly owns 7,235 shares of the company's stock, valued at $1,070,780. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Chapin Sarah Palisi also recently made the following trade(s): On Wednesday, August 10th, Chapin Sarah Palisi sold 250 shares of Middleby stock. The shares were sold at an average price of $148.53, for a total value of $37,132.50. Middleby Price Performance

Shares of NASDAQ:MIDD traded up $1.98 during trading on Monday, hitting $152.79. 366,251 shares of the company were exchanged, compared to its average volume of 521,632. The business's 50 day moving average is $142.16 and its 200-day moving average is $148.13. The company has a market capitalization of $8.23 billion, a P/E ratio of 18.05 and a beta of 1.56. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 1.09. The Middleby Co. has a 1-year low of $120.30 and a 1-year high of $201.34.

Middleby (NASDAQ:MIDD - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.07. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.84 million. Middleby had a net margin of 12.94% and a return on equity of 19.11%. The company's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 earnings per share. Equities analysts forecast that The Middleby Co. will post 9.52 earnings per share for the current year. Analysts Set New Price Targets

Several research firms have recently issued reports on MIDD. Citigroup reduced their price target on Middleby from $180.00 to $160.00 in a research report on Thursday, July 7th. JPMorgan Chase & Co. cut their price target on Middleby from $160.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, July 12th. KeyCorp lowered their target price on Middleby from $182.00 to $175.00 and set an "overweight" rating on the stock in a research report on Friday, July 22nd. Finally, Benchmark began coverage on Middleby in a research report on Thursday, August 25th. They issued a "buy" rating and a $190.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $179.67.Institutional Trading of Middleby

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors increased its holdings in Middleby by 364.0% in the second quarter. Captrust Financial Advisors now owns 3,420 shares of the industrial products company's stock valued at $429,000 after purchasing an additional 2,683 shares during the period. ExodusPoint Capital Management LP increased its holdings in Middleby by 137.9% in the second quarter. ExodusPoint Capital Management LP now owns 7,921 shares of the industrial products company's stock valued at $993,000 after purchasing an additional 4,591 shares during the period. CNB Bank increased its holdings in Middleby by 8.0% in the second quarter. CNB Bank now owns 1,951 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 145 shares during the period. First Republic Investment Management Inc. increased its holdings in Middleby by 19.5% in the second quarter. First Republic Investment Management Inc. now owns 11,089 shares of the industrial products company's stock valued at $1,390,000 after purchasing an additional 1,806 shares during the period. Finally, Chilton Capital Management LLC acquired a new stake in Middleby in the second quarter valued at $95,000. 98.55% of the stock is currently owned by institutional investors and hedge funds. About Middleby (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.Featured ArticlesGet a free copy of the StockNews.com research report on Middleby (MIDD)3 Downgraded Must-Have Stocks To Put On Your WatchlistThis Is What To Expect From The Q3 Earnings Reporting Season3 Biotech Stocks Gaining MomentumCan Electronic Arts Buck the Downturn in Videogaming? Dollar General is the Big Fish in Little Ponds Across the U.S.

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