State of Wyoming Buys New Shares in The Middleby Corporation $MIDD

State of Wyoming purchased a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,015 shares of the industrial products company’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MIDD. Torren Management LLC bought a new stake in Middleby during the 4th quarter valued at $25,000. Clearstead Advisors LLC increased its stake in Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Danske Bank A S bought a new stake in Middleby during the 3rd quarter valued at $27,000. Larson Financial Group LLC increased its stake 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 valued at $29,000 after purchasing an additional 181 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Middleby by 135.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Performance

NASDAQ MIDD opened at $154.93 on Friday. 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. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of -18.27 and a beta of 1.36. The company has a fifty day moving average price of $144.55 and a 200-day moving average price of $145.53.

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, topping analysts’ consensus estimates of $1.94 by $0.22. The company had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm 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, equities research analysts predict that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MIDD shares. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $195.00 price target on shares of Middleby in a research note on Tuesday, March 31st. Robert W. Baird set a $205.00 target price on shares of Middleby in a research note on Friday, May 8th. Finally, KeyCorp upped their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby currently has an average rating of “Moderate Buy” and an average target price 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.