Middleby (NASDAQ:MIDD) Reaches New 52-Week High – What’s Next?

The Middleby Corporation (NASDAQ:MIDD) hit a new 52-week high during trading on Monday . The company traded as high as $177.86 and last traded at $176.3150, with a volume of 68490 shares. The stock had previously closed at $175.12.

Wall Street Analyst Weigh In

MIDD has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Canaccord Genuity Group set a $200.00 price target on Middleby in a report on Friday, May 8th. Barclays reissued an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Robert W. Baird set a $205.00 price objective on Middleby in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Middleby has an average rating of “Moderate Buy” and a consensus price target of $191.62.

Middleby Stock 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 market cap of $6.30 billion, a PE ratio of -16.42 and a beta of 1.33. The stock’s 50 day simple moving average is $156.70 and its two-hundred day simple moving average is $151.92.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.22. The company had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company 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 earnings per share for the current year.

Institutional Investors Weigh In On Middleby

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in shares of Middleby in the 4th quarter valued at about $25,000. Clearstead Advisors LLC increased its position in Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares in the last quarter. Larson Financial Group LLC increased its position in Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares in the last quarter. Danske Bank A S purchased a new position in Middleby in the third quarter valued at approximately $27,000. Finally, Los Angeles Capital Management LLC acquired a new position in Middleby during the fourth quarter valued at approximately $35,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

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.