Middleby (NASDAQ:MIDD) Price Target & New Coverage by Susquehanna

Analysts at Susquehanna initiated coverage on shares of Middleby (NASDAQ:MIDD) in a report issued to investors and clients on Wednesday, 27 September. The firm set “Positive” rating on the $7.34 billion market cap company.

The new coverage is welcomed by stock traders, as NASDAQ:MIDD is right now trading 3.34% higher at $127.39 as of 4:10 PM New York time. Middleby shares have [From2] 0% in the last 200 days, while the S&P 500 Index has added 6.00% for the same time period.

Institutional Ownership

Disciplined Growth Investors Inc Mn had the biggest stake with ownership of 1.67M shares as of q2 2015 for 4.9% of the portfolio. Weybosset Research & Management Llc is another bull as the fund who is owning 41,974 shares of Middleby or 3.76% of their portfolio. Further, Weatherbie Capital Llc have 3.74% of their portfolio invested in the company for 240,806 shares. The Utah-based fund Alta Capital Management Llc disclosed it had acquired so far a stake worth about 3.33% of the fund’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 portfolio.

Middleby (NASDAQ: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 (NASDAQ:MIDD) traded up 3.34% on 27 September, hitting $127.39. A total of 499,381 shares of the company’s stock traded hands. This is down from average of 502,878 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 $7.34B and a P/E ratio of 23.87.

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