Middleby (NASDAQ:MIDD) Updates FY 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 9.200-9.360 for the period, compared to the consensus EPS estimate of 9.430. The company issued revenue guidance of $3.3 billion-$3.4 billion, compared to the consensus revenue estimate of $4.0 billion. Middleby also updated its Q1 2026 guidance to 1.900-2.020 EPS.

Middleby Price Performance

Shares of MIDD stock opened at $157.78 on Thursday. The firm’s 50 day moving average price is $154.16 and its two-hundred day moving average price is $138.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 2.07. Middleby has a 52-week low of $110.82 and a 52-week high of $175.20. The stock has a market cap of $7.95 billion, a PE ratio of -35.86 and a beta of 1.40.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, February 26th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.16). Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, analysts forecast that Middleby will post 9.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MIDD shares. JPMorgan Chase & Co. raised their target price on shares of Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Canaccord Genuity Group set a $187.00 target price on Middleby and gave the company a “buy” rating in a research report on Tuesday. Zacks Research cut Middleby from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

Insider Activity

In other news, Director Robert A. Nerbonne bought 780 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $128.52 per share, with a total value of $100,245.60. Following the acquisition, the director directly owned 21,471 shares in the company, valued at $2,759,452.92. This represents a 3.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.18% of the company’s stock.

Institutional Trading of Middleby

Institutional investors have recently bought and sold shares of the company. Danske Bank A S bought a new position in Middleby during the third quarter worth $27,000. Los Angeles Capital Management LLC acquired a new position in shares of Middleby during the fourth quarter valued at about $35,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Middleby by 135.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Middleby by 280.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock valued at $47,000 after buying an additional 241 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Middleby by 90.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after buying an additional 205 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

Middleby Company Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.