GHP Investment Advisors Inc. Has $3.11 Million Stock Position in The Middleby Co. (NASDAQ:MIDD)

GHP Investment Advisors Inc. boosted its stake in shares of The Middleby Co. (NASDAQ:MIDD) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,929 shares of the industrial products company’s stock after purchasing an additional 2,763 shares during the period. GHP Investment Advisors Inc.’s holdings in Middleby were worth $3,106,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Middleby by 306.5% in the third quarter. Covestor Ltd now owns 252 shares of the industrial products company’s stock valued at $35,000 after buying an additional 190 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 during the period. Avior Wealth Management LLC increased its stake in shares of Middleby by 820.0% during the 3rd 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 raised 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 during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Middleby in the 3rd quarter valued at about $72,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Price Performance

NASDAQ:MIDD opened at $167.11 on Friday. 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. The firm’s 50-day simple moving average is $144.92 and its 200 day simple moving average is $139.92. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 23.05 and a beta of 1.63.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their price target on Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Jefferies Financial Group restated a “hold” rating and issued a $160.00 price target (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of Middleby from $134.00 to $145.00 and gave the stock an “underweight” rating in a research report on Monday. StockNews.com lowered shares of Middleby from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Canaccord Genuity Group lifted their target price on shares of Middleby from $155.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $178.83.

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.