Middleby (NASDAQ:MIDD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Middleby (NASDAQ:MIDD) had its target price increased by stock analysts at JPMorgan Chase & Co. from $145.00 to $165.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.88% from the stock’s previous close.

MIDD has been the topic of a number of other reports. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a research report on Wednesday, August 12th. Canaccord Genuity Group raised their target price on shares of Middleby from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp set a $152.00 target price on shares of Middleby in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Middleby presently has an average rating of “Moderate Buy” and a consensus target price of $161.75.

Middleby Stock Performance

NASDAQ MIDD opened at $136.50 on Friday. The firm has a market capitalization of $6.17 billion, a P/E ratio of 160.59 and a beta of 1.29. Middleby has a 1-year low of $102.14 and a 1-year high of $180.13. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.00 and a quick ratio of 1.07. The business’s 50-day simple moving average is $111.38 and its 200-day simple moving average is $137.15.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The firm had revenue of $652.58 million during the quarter, compared to the consensus estimate of $634.04 million. Middleby had a net margin of 1.24% and a return on equity of 19.42%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities analysts predict that Middleby will post 7.21 EPS for the current year.

Hedge Funds Weigh In On Middleby

A number of institutional investors and hedge funds have recently bought and sold shares of MIDD. BlackRock Inc. acquired a new stake in Middleby in the second quarter valued at approximately $676,035,000. Bank of America Corp DE acquired a new position in shares of Middleby during the second quarter worth $138,803,000. Bank of New York Mellon Corp acquired a new position in shares of Middleby during the second quarter worth $69,002,000. Cooke & Bieler LP boosted its stake in shares of Middleby by 47.6% in the third quarter. Cooke & Bieler LP now owns 932,553 shares of the industrial products company’s stock valued at $96,594,000 after purchasing an additional 300,557 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Middleby by 1,572.9% in the first quarter. Renaissance Technologies LLC now owns 205,270 shares of the industrial products company’s stock valued at $27,215,000 after purchasing an additional 193,000 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Company 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.