Middleby (US:MIDD) Rating Upgrade
Wellington Shields has raised Middleby (US:MIDD) Stock to “Gradually Accumulate” in a note shared with investors on 11 July. MIDD’s old rating was “Hold”.
This stock rating upgrade is well-received by stock speculators, as US:MIDD is right now trading 2.13% higher at $121.77 as of 8:15 AM New York time. Middleby’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has risen 6.00% over the same time period.
Disciplined Growth Investors Inc Mn had the most significant stake with ownership of 1.67 million shares as of Q2 2015 for 4.9% of the stock exposure. Weybosset Research & Management Llc is another quite bullish investment professional who is possessing 41,974 shares of Middleby or 3.76% of their stock exposure. Furthermore, Weatherbie Capital Llc have 3.74% of their stock exposure invested in the company for 240,806 shares. The Utah-based fund Alta Capital Management Llc disclosed it had purchased so far a stake worth about 3.33% of the investment professional’s stock portfolio in Middleby. The Texas-based fund Friedberg Investment Management is also positive about the stock, possessing 433,089 shares or 3.31% of their stock exposure.
Middleby (US:MIDD) 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. It is also engaged in the design, manufacture, marketing, distribution and service of a range of foodservice equipment used in commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and kitchen equipment, including ranges, ovens, refrigerators, ventilation and dishwashers used in the residential market.
Middleby (US:MIDD) traded up 2.13% on 11 July, hitting $121.77. A total of 645,469 shares of the company’s stock traded hands. This is up from average of 429,489 shares. Middleby has a 52 week low of $108.45 and a 52 week high of $150.87. The company has a market cap of $6.94B and a P/E ratio of 23.15.
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