The Middleby Corp was Downgraded to a Hold Rating at Robert W. Baird

The Middleby Corp (NASDAQ: MIDD) received a Hold rating from Robert W. Baird analyst Timothy Wojs today. The company’s shares closed yesterday at $108.56.

According to TipRanks.com, Wojs is a 3-star analyst with an average return of 4.0% and a 53.4% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as American Woodmark Corp, Masonite International, and Barnes Group Inc.

The Middleby Corp has an analyst consensus of Moderate Buy, with a price target consensus of $154.50.

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Based on The Middleby Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $65.42 million. In comparison, last year the company had a net profit of $70.7 million.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MIDD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Middleby Corp. engages in the design, manufacture, marketing, distribution and service of a broad line of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group.