The Middleby Co. (NASDAQ:MIDD) Stock Position Increased by Entropy Technologies LP

Entropy Technologies LP boosted its position in shares of The Middleby Co. (NASDAQ:MIDD) by 281.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,864 shares of the industrial products company’s stock after buying an additional 5,064 shares during the quarter. Entropy Technologies LP’s holdings in Middleby were worth $930,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Middleby by 121.4% during the 4th quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company’s stock valued at $615,000 after purchasing an additional 2,425 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Middleby during the fourth quarter valued at approximately $219,000. Olstein Capital Management L.P. boosted its holdings in Middleby by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 71,000 shares of the industrial products company’s stock worth $9,617,000 after buying an additional 2,500 shares in the last quarter. Atria Investments Inc grew its position in Middleby by 533.3% in the third quarter. Atria Investments Inc now owns 10,348 shares of the industrial products company’s stock worth $1,440,000 after buying an additional 8,714 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Middleby by 142,460.0% in the third quarter. Quest Partners LLC now owns 7,128 shares of the industrial products company’s stock valued at $992,000 after buying an additional 7,123 shares in the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group raised their price objective on Middleby from $155.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. KeyCorp increased their price target on Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Robert W. Baird boosted their price objective on Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 target price (down from $170.00) on shares of Middleby in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Middleby presently has an average rating of “Hold” and an average price target of $178.83.

Middleby Trading Up 0.2 %

NASDAQ:MIDD opened at $165.26 on Tuesday. The stock has a market cap of $8.89 billion, a PE ratio of 22.79 and a beta of 1.64. The Middleby Co. has a fifty-two week low of $118.41 and a fifty-two week high of $177.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. The stock’s 50-day moving average is $145.81 and its two-hundred day moving average is $140.58.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and 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; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.