Vestor Capital LLC Sells 139,823 Shares of The Middleby Corporation $MIDD

Vestor Capital LLC cut its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 96.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,454 shares of the industrial products company’s stock after selling 139,823 shares during the period. Vestor Capital LLC’s holdings in Middleby were worth $461,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Middleby in the second quarter worth $27,000. Elevation Wealth Partners LLC boosted its stake in shares of Middleby by 553.8% during the second 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 during the period. Allworth Financial LP purchased a new stake in shares of Middleby during the second quarter valued at $37,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Middleby during the second quarter valued at $55,000. Finally, Global Retirement Partners LLC bought a new stake in Middleby during the 2nd quarter valued at about $62,000. 98.55% of the stock is currently owned by institutional investors.

Middleby Price Performance

Shares of MIDD stock opened at $138.00 on Tuesday. The Middleby Corporation has a fifty-two week low of $102.14 and a fifty-two week high of $180.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 162.35 and a beta of 1.29. The stock’s 50-day simple moving average is $111.88 and its 200-day simple moving average is $137.09.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, November 5th. The industrial products company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The company had revenue of $652.58 million during the quarter, compared to analysts’ expectations of $634.04 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business earned $2.37 EPS. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. As a group, equities analysts forecast that The Middleby Corporation will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Seaport Research Partners set a $145.00 target price on shares of Middleby in a report on Wednesday, August 12th. KeyCorp set a $152.00 price target on shares of Middleby in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. boosted their price target on Middleby from $145.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.75.

Middleby Profile

Middleby Corporation develops and manufactures equipment for commercial kitchens, food-processing operations and residential kitchens. Its commercial foodservice products include ovens, ranges, fryers, refrigeration systems and food-preparation equipment used by restaurants and other foodservice operators.

The company also supplies industrial equipment to food manufacturers, including systems for cooking, mixing, forming and packaging food products. Its residential kitchen business offers premium appliances such as ranges, ovens, refrigerators and outdoor cooking products.

Middleby serves customers in markets around the world.