Market Watch Highlights: Middleby Corp. (MIDD) Ends on an Downturn Note at 137.01

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As of close of business last night, Middleby Corp.’s stock clocked out at $137.01, down -0.15% from its previous closing price of $137.22. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 0.81 million shares were traded. MIDD stock price reached its highest trading level at $138.77 during the session, while it also had its lowest trading level at $136.34.

Ratios:

To gain a deeper understanding of MIDD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.72.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on November 17, 2022, initiated with a Buy rating and assigned the stock a target price of $171.

On August 26, 2022, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $190.

On June 10, 2021, Barclays started tracking the stock assigning a Overweight rating and target price of $195.Barclays initiated its Overweight rating on June 10, 2021, with a $195 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 05 ’24 when McCarthy Cathy L sold 1,000 shares for $153.12 per share. The transaction valued at 153,125 led to the insider holds 7,971 shares of the business.

Palisi Chapin Sarah sold 350 shares of MIDD for $53,015 on Feb 22 ’24. The Director now owns 6,306 shares after completing the transaction at $151.47 per share. On Dec 11 ’23, another insider, Palisi Chapin Sarah, who serves as the Director of the company, sold 150 shares for $135.55 each. As a result, the insider received 20,332 and left with 6,656 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MIDD now has a Market Capitalization of 7378111488 and an Enterprise Value of 9464902656. As of this moment, Middleby’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.08, and their Forward P/E ratio for the next fiscal year is 12.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 2.22. Its current Enterprise Value per Revenue stands at 2.392 whereas that against EBITDA is 11.331.

Stock Price History:

Over the past 52 weeks, MIDD has reached a high of $161.01, while it has fallen to a 52-week low of $109.59. The 50-Day Moving Average of the stock is -7.51%, while the 200-Day Moving Average is calculated to be -1.43%.

Shares Statistics:

It appears that MIDD traded 381.66K shares on average per day over the past three months and 543610 shares per day over the past ten days. A total of 53.60M shares are outstanding, with a floating share count of 53.12M. Insiders hold about 1.21% of the company’s shares, while institutions hold 99.71% stake in the company. Shares short for MIDD as of 1714435200 were 2402941 with a Short Ratio of 6.30, compared to 1711584000 on 2529840. Therefore, it implies a Short% of Shares Outstanding of 2402941 and a Short% of Float of 4.52.

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