The Middleby Corporation (MIDD) – What Are Analysts Thinking About This Stock?

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $159.25.

A number of equities research analysts have recently issued reports on MIDD shares. Jefferies Financial Group reduced their price objective on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Oppenheimer reissued an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. KeyCorp set a $152.00 price target on Middleby in a research note on Tuesday, July 14th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th.

Middleby Trading Up 1.2%

MIDD stock opened at $114.46 on Tuesday. Middleby has a one year low of $102.14 and a one year high of $180.13. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of -12.36 and a beta of 1.32. The company has a fifty day moving average price of $109.81 and a two-hundred day moving average price of $138.51. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last posted its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million during the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Equities analysts anticipate that Middleby will post 6.82 EPS for the current year.

Institutional Investors Weigh In On Middleby

Institutional investors have recently modified their holdings of the business. Root Financial Partners LLC grew its holdings in Middleby by 64.2% during the 1st quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 102 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Middleby by 2.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,841 shares of the industrial products company’s stock valued at $642,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC raised its holdings in shares of Middleby by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,094 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 133 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Middleby by 553.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 144 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Middleby in the 2nd quarter valued at about $27,000. Institutional investors own 98.55% of the company’s stock.

About Middleby

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.