Insider Change: Robert Lamb just Unloaded 3,422 shares of Middleby Corp (NASDAQ:MIDD), be careful if you are long!

November 29, 2016 - By Peter Kolinski

Insider Change: Robert Lamb just Unloaded 3,422 shares of Middleby Corp (NASDAQ:MIDD), be careful if you are long!

Robert Lamb Insider Sell

A report filed with the U.S. SEC on 28-11-2016 shared that Robert Lamb, the director of Middleby Corp, ‘s company unloaded 3,422 shares. With avg market stock price per share of $135.8 the transaction’s worth is $464,810 US Dollars. Robert Lamb right now possess 15,078 shares or 0.03% of Middleby Corp’s market cap.

Middleby Corp (NASDAQ:MIDD) Ratings Coverage

Out of 5 analysts covering Middleby (NASDAQ:MIDD), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $130 is the highest target while $123 is the lowest. The $127.67 average target is -7.22% below today’s ($137.61) stock price. Middleby has been the topic of 5 analyst reports since November 12, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 12 by TH Capital. The rating was maintained by Roth Capital on Thursday, November 12 with “Buy”. The stock of Middleby Corp (NASDAQ:MIDD) has “Outperform” rating given on Wednesday, November 18 by BMO Capital Markets. As per Wednesday, September 7, the company rating was initiated by Deutsche Bank. The stock of Middleby Corp (NASDAQ:MIDD) earned “Outperform” rating by Macquarie Research on Wednesday, January 13.

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.01, from 1.1 in 2016Q1. The ratio worsened, as 22 funds sold all Middleby Corp shares owned while 116 reduced positions. 53 funds bought stakes while 99 increased positions. They now own 51.56 million shares or 3.52% less from 53.44 million shares in 2016Q1.

Moreover, Da Davidson And Co has 0.13% invested in Middleby Corp (NASDAQ:MIDD) for 38,316 shares. Moreover, Carroll Financial Associate Incorporated has 0% invested in Middleby Corp (NASDAQ:MIDD) for 73 shares. The Rhode Island-based Endurance Wealth Mgmt Inc has invested 0.04% in Middleby Corp (NASDAQ:MIDD). Bamco Ny owns 2.61M shares or 1.6% of their US portfolio. Capstone Invest Advsrs last reported 0.03% of its portfolio in the stock. Moreover, Swiss Bancorporation has 0.02% invested in Middleby Corp (NASDAQ:MIDD) for 96,127 shares. The North Carolina-based Natl Bank Of America De has invested 0.01% in Middleby Corp (NASDAQ:MIDD). Sandy Spring Bank & Trust, a Maryland-based fund reported 260 shares. Emerald Mutual Fund Advisers holds 0.02% or 2,355 shares in its portfolio. Ftb last reported 1,597 shares in the company. Principal Grp Inc, a Iowa-based fund reported 12,798 shares. Brown Advisory has invested 0.04% of its portfolio in Middleby Corp (NASDAQ:MIDD). California Pub Employees Retirement System has 0.03% invested in the company for 148,000 shares. Southernsun Asset Lc holds 0.39% of its portfolio in Middleby Corp (NASDAQ:MIDD) for 130,471 shares. Kelly Lawrence W Assoc Ca accumulated 0% or 170 shares.

Insider Transactions: Since November 14, 2016, the stock had 0 insider purchases, and 1 insider sale for $137,896 net activity. 1,100 shares with value of $137,896 were sold by Palisi Chapin Sarah on Monday, November 14.

About 545,604 shares traded hands or 11.68% up from the average. Middleby Corp (NASDAQ:MIDD) has risen 28.02% since April 25, 2016 and is uptrending. It has outperformed by 22.01% the S&P500.

The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The company has a market cap of $8.10 billion. The Firm operates in three divisions: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. It has a 30.87 P/E ratio. The Company’s Commercial Foodservice Equipment Group segment has a portfolio of cooking and warming equipment, which serves cooking or warming application within a commercial kitchen or foodservice operation.

According to Zacks Investment Research, “MIDDLEBY CORP. through its subsidiaries and their operating divisions, is engaged in the manufacture and sale of commercial foodservice equipment and beverage merchandisers. It designs, develops, manufactures and markets a broad line of equipment used for the cooking, preparation and refrigeration of food for commercial and institutional kitchens and restaurants, along with a line a refrigerated display coolers used primarily by soft drink bottlers in supermarkets and other retail outlets.”

Analysts await Middleby Corp (NASDAQ:MIDD) to report earnings on March, 7. They expect $1.25 earnings per share, up 7.76% or $0.09 from last year’s $1.16 per share. MIDD’s profit will be $73.58 million for 27.52 P/E if the $1.25 EPS becomes a reality. After $1.34 actual earnings per share reported by Middleby Corp for the previous quarter, Wall Street now forecasts -6.72% negative EPS growth.

More news for Middleby Corp (NASDAQ:MIDD) were recently published by: Streetinsider.com, which released: “Form 4 MIDDLEBY CORP For: Nov 23 Filed by: Lamb Robert B” on November 28, 2016. Wsj.com‘s article titled: “Middleby Chases Fame in the Kitchen” and published on October 19, 2015 is yet another important article.

MIDD Company Profile

The Middleby Corporation (Middleby), incorporated on March 12, 1985, is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Firm operates in three divisions: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The Firm is also engaged in the design, manufacture, marketing, distribution and service of a range of 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. The Company’s subsidiary is Middleby Marshall Inc. The firm makes and assembles the equipment at approximately 30 facilities in the United States and over 20 international manufacturing facilities.

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