EP Wealth Advisors LLC Takes Position in The Middleby Corporation $MIDD

EP Wealth Advisors LLC bought a new stake in The Middleby Corporation (NASDAQ:MIDD) in the 2nd quarter, Holdings Channel reports. The firm bought 4,727 shares of the industrial products company’s stock, valued at approximately $813,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Callan Family Office LLC acquired a new stake in Middleby in the second quarter valued at $218,000. Heartland Advisors Inc. acquired a new position in shares of Middleby during the 2nd quarter worth about $5,607,000. Allworth Financial LP bought a new stake in shares of Middleby in the 2nd quarter valued at about $37,000. Meeder Asset Management Inc. acquired a new stake in Middleby in the 2nd quarter valued at about $122,000. Finally, BlackRock Inc. bought a new position in Middleby during the second quarter worth about $676,035,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on MIDD. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Barclays reiterated an “overweight” rating and set a $145.00 target price (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Robert W. Baird cut Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Jefferies Financial Group cut their price target on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $160.38.

Middleby Stock Performance

Shares of Middleby stock opened at $115.48 on Monday. The company has a 50 day moving average of $142.46 and a 200-day moving average of $146.88. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $180.13. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The company has a market cap of $5.22 billion, a PE ratio of -12.47 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. During the same period last year, the firm posted $2.35 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, equities research analysts forecast that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

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.