JPMorgan Chase & Co. Lowers Middleby (NASDAQ:MIDD) Price Target to $141.00

Middleby (NASDAQ:MIDD) had its price target lowered by research analysts at JPMorgan Chase & Co. from $151.00 to $141.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.72% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group set a $157.00 price target on Middleby in a research note on Wednesday. Robert W. Baird downgraded Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Wednesday, July 29th. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target on shares of Middleby in a report on Wednesday. Finally, Jefferies Financial Group decreased their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.62.

Middleby Stock Down 2.7%

Middleby stock traded down $3.19 during trading hours on Wednesday, hitting $116.80. The stock had a trading volume of 218,979 shares, compared to its average volume of 623,845. The stock’s 50-day moving average price is $149.11 and its 200-day moving average price is $148.74. The stock has a market capitalization of $5.28 billion, a P/E ratio of -13.75 and a beta of 1.32. Middleby has a 12-month low of $110.82 and a 12-month high of $180.13. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 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 down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 earnings per share. 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 research analysts anticipate that Middleby will post 9.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Middleby

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Middleby by 90.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Middleby by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after purchasing an additional 9,936 shares in the last quarter. Focus Partners Wealth grew its holdings in Middleby by 344.7% during the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock valued at $339,000 after buying an additional 1,727 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Middleby by 280.2% during the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock valued at $47,000 after buying an additional 241 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Middleby during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.

More Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby reported second-quarter revenue of $875.5 million and adjusted EPS of $2.35, exceeding consensus estimates of approximately $837 million and $2.09, respectively. Commercial Foodservice delivered $630.6 million in sales, including 8.3% organic growth. The Middleby Corporation Reports Second Quarter Results
• Positive Sentiment: The company repurchased 1.4 million shares during the quarter, or 3.8 million year to date, which could support per-share results and signal management confidence. Middleby also completed the Food Processing business separation, creating Midera as an independent company. Middleby 2026 Forecast
• Neutral Sentiment: Analysts cited a consensus price target of $169.50, substantially above the current quotation, but the target may not yet reflect the company’s reduced post-spin outlook. Middleby Consensus Price Target
• Negative Sentiment: Full-year 2026 guidance calls for adjusted EPS of $6.73–$6.89 and revenue of $2.48–$2.53 billion, well below consensus expectations of $8.48 EPS and roughly $2.9 billion in revenue. Third-quarter guidance of $1.67–$1.83 EPS and $620–$640 million in revenue also trails estimates of $1.95 and $696.6 million. Middleby Guidance Analysis
• Negative Sentiment: Although reported sales increased year over year on the stated basis, net earnings from continuing operations and GAAP EPS declined sharply from the prior year, adding to concerns about profitability after the Food Processing separation. The key market takeaway is that near-term demand and execution may not offset the loss of the spun-off business.

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.