GHP Investment Advisors Inc. Buys 2,763 Shares of The Middleby Co. (NASDAQ:MIDD)

GHP Investment Advisors Inc. increased its position in shares of The Middleby Co. (NASDAQ:MIDD) by 13.7% in the 4th quarter, HoldingsChannel reports. The firm owned 22,929 shares of the industrial products company’s stock after acquiring an additional 2,763 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Middleby were worth $3,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Covestor Ltd lifted its holdings 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 acquiring an additional 190 shares during the period. UMB Bank n.a. raised its position in Middleby by 93.2% during the third quarter. UMB Bank n.a. now owns 282 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 136 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Middleby by 820.0% during the third quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 287 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 234 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Middleby in the 3rd quarter valued at $72,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Canaccord Genuity Group upped their price objective on Middleby from $155.00 to $192.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group reissued a “hold” rating and issued a $160.00 target price (down previously from $170.00) on shares of Middleby in a report on Thursday, December 12th. Robert W. Baird upped their price objective on shares of Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. StockNews.com lowered shares of Middleby from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, KeyCorp upped their price target on shares of Middleby from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $178.83.

Middleby Trading Up 0.3 %

Shares of NASDAQ MIDD opened at $167.11 on Friday. The firm has a 50 day moving average price of $144.92 and a two-hundred day moving average price of $139.92. The stock has a market cap of $8.99 billion, a P/E ratio of 23.05 and a beta of 1.63. The Middleby Co. has a 52-week low of $118.41 and a 52-week high of $177.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81.

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.