Redwood Investment Management LLC Buys Shares of 6,793 The Middleby Corporation $MIDD

Redwood Investment Management LLC bought a new stake in The Middleby Corporation (NASDAQ:MIDD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,793 shares of the industrial products company’s stock, valued at approximately $1,168,000.

Several other institutional investors have also made changes to their positions in the stock. Federation des caisses Desjardins du Quebec increased its stake in Middleby by 2.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after buying an additional 91 shares during the period. Root Financial Partners LLC grew its stake in Middleby by 64.2% in the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 102 shares in the last quarter. Evoke Wealth LLC increased its position in Middleby by 5.8% in the 4th quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 107 shares during the last quarter. Cresset Asset Management LLC raised its stake in shares of Middleby by 7.6% during the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 107 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in shares of Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Price Performance

Shares of NASDAQ:MIDD opened at $115.44 on Thursday. The stock has a market capitalization of $5.22 billion, a P/E ratio of -12.47 and a beta of 1.32. The business has a 50-day moving average of $139.48 and a two-hundred day moving average of $146.01. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $180.13. 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 issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The business had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. During the same quarter in the prior year, the firm posted $2.35 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, equities research analysts predict that The Middleby Corporation will post 6.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird cut Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Weiss Ratings lowered shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Oppenheimer reiterated an “outperform” rating and issued a $160.00 target price (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Barclays reissued an “overweight” rating and issued a $145.00 target price (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $160.38.

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.