Seven Six Capital Management LLC Makes New Investment in The Middleby Corporation $MIDD

Seven Six Capital Management LLC bought a new position in shares of The Middleby Corporation (NASDAQ:MIDD) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,550 shares of the industrial products company’s stock, valued at approximately $1,717,000. Middleby accounts for about 1.7% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Garden Investment Management L.P. increased its position in Middleby by 3.1% during the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after purchasing an additional 102,903 shares during the period. Squarepoint Ops LLC increased its position in Middleby by 3.3% during the 4th quarter. Squarepoint Ops LLC now owns 132,442 shares of the industrial products company’s stock worth $19,690,000 after purchasing an additional 4,169 shares during the period. Verition Fund Management LLC increased its position in Middleby by 116.0% during the 4th quarter. Verition Fund Management LLC now owns 30,218 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 16,229 shares during the period. PEAK6 LLC acquired a new position in Middleby during the 4th quarter worth approximately $764,000. Finally, MML Investors Services LLC increased its position in Middleby by 13.2% during the 4th quarter. MML Investors Services LLC now owns 3,138 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Performance

MIDD opened at $165.02 on Wednesday. The stock has a market cap of $7.46 billion, a P/E ratio of -19.46 and a beta of 1.36. 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 stock’s 50 day simple moving average is $148.52 and its 200 day simple moving average is $147.94. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44.

Middleby (NASDAQ:MIDD) last released 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. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. During the same quarter in the prior year, the firm posted $2.08 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. 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 analysts anticipate that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Canaccord Genuity Group set a $200.00 target price on Middleby in a research report on Friday, May 8th. Robert W. Baird set a $205.00 target price on Middleby in a research report on Friday, May 8th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a report on Sunday. KeyCorp upped their price target on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Middleby currently has a consensus rating of “Moderate Buy” and a consensus price target 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.