The Middleby Co. (NASDAQ:MIDD) Shares Purchased by Crewe Advisors LLC

Crewe Advisors LLC increased its holdings in shares of The Middleby Co. (NASDAQ:MIDD) by 73.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 710 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. Crewe Advisors LLC’s holdings in Middleby were worth $96,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its position in shares of Middleby by 306.5% during the 3rd quarter. Covestor Ltd now owns 252 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 190 shares during the last quarter. UMB Bank n.a. grew its position in Middleby by 93.2% in the 3rd quarter. UMB Bank n.a. now owns 282 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 136 shares in the last quarter. Avior Wealth Management LLC grew its position in Middleby by 820.0% in the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 287 shares in the last quarter. GAMMA Investing LLC grew its position in Middleby by 91.8% in the 3rd quarter. GAMMA Investing LLC now owns 489 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 234 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Middleby in the 3rd quarter valued at about $72,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MIDD has been the subject of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $160.00 target price (down from $170.00) on shares of Middleby in a research report on Thursday, December 12th. Robert W. Baird lifted their target price on Middleby from $157.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Canaccord Genuity Group lifted their target price on Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a research note on Monday. Finally, KeyCorp lifted their price objective on Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $178.83.

Middleby Price Performance

MIDD stock opened at $167.11 on Friday. The business has a 50 day moving average price of $144.92 and a 200 day moving average price of $139.92. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 23.05 and a beta of 1.63. 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 quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66.

About Middleby

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.