Middleby (NASDAQ:MIDD) Sets New 1-Year High – What’s Next?

The Middleby Corporation (NASDAQ:MIDD)’s share price hit a new 52-week high on Thursday . The stock traded as high as $175.91 and last traded at $174.3910, with a volume of 168654 shares changing hands. The stock had previously closed at $168.91.

Analysts Set New Price Targets

MIDD has been the topic of several recent analyst reports. Oppenheimer initiated coverage on Middleby in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 price target on the stock. Robert W. Baird set a $205.00 price objective on Middleby in a research note on Friday, May 8th. JPMorgan Chase & Co. upped 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. Canaccord Genuity Group set a $200.00 target price on Middleby in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Middleby has a consensus rating of “Moderate Buy” and an average target price of $191.62.

Middleby Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $151.79 and a 200-day simple moving average of $150.00. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of -20.43 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The business 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%.The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, research analysts anticipate that The Middleby Corporation will post 9.58 EPS for the current fiscal year.

Institutional Trading of Middleby

Hedge funds have recently made changes to their positions in the stock. Torren Management LLC bought a new stake in Middleby in the fourth quarter valued at $25,000. Clearstead Advisors LLC grew its position in shares of Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 111 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 181 shares during the period. Danske Bank A S bought a new stake in Middleby in the 3rd quarter valued at about $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in Middleby in the 4th quarter valued at about $35,000. Institutional investors own 98.55% of the company’s stock.

About Middleby

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.