Heartland Advisors Inc. Has $7.98 Million Stake in The Middleby Corporation $MIDD

Heartland Advisors Inc. decreased its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,702 shares of the industrial products company’s stock after selling 17,462 shares during the quarter. Heartland Advisors Inc. owned 0.11% of Middleby worth $7,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Middleby by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock valued at $320,112,000 after buying an additional 75,047 shares during the period. Turtle Creek Asset Management Inc. boosted its holdings in shares of Middleby by 4.2% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock worth $194,318,000 after buying an additional 59,050 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Middleby by 9.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,427,424 shares of the industrial products company’s stock worth $189,749,000 after buying an additional 123,945 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Middleby by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 1,329,439 shares of the industrial products company’s stock worth $176,722,000 after purchasing an additional 9,524 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Middleby by 1,046.4% in the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after purchasing an additional 929,688 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Performance

NASDAQ:MIDD opened at $153.75 on Thursday. The business has a 50 day moving average of $146.21 and a 200 day moving average of $146.70. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of -18.13 and a beta of 1.36. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The company had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.Middleby’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, sell-side analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MIDD. KeyCorp raised their price objective on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. raised their target price on Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Robert W. Baird set a $205.00 price objective on Middleby in a report on Friday, May 8th. Barclays reissued an “overweight” rating and issued a $190.00 price objective (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Finally, Canaccord Genuity Group set a $200.00 target price on Middleby in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $189.71.

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.