Middleby (NASDAQ:MIDD) Hits New 12-Month High – Time to Buy?

The Middleby Corporation (NASDAQ:MIDD) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $169.71 and last traded at $170.6040, with a volume of 158236 shares changing hands. The stock had previously closed at $165.02.

Analysts Set New Price Targets

A number of analysts have issued reports on MIDD shares. Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Robert W. Baird set a $205.00 price target on shares of Middleby in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research note on Sunday. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.63.

Middleby Trading Up 2.8%

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 business’s 50 day moving average is $148.52 and its 200 day moving average is $147.94. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of -20.00 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 earnings per share. 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 expect that The Middleby Corporation will post 9.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Middleby

Large investors have recently bought and sold shares of the stock. Torren Management LLC purchased a new stake in shares of Middleby in the fourth quarter valued at about $25,000. Clearstead Advisors LLC raised its holdings in shares of Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after buying an additional 111 shares during the last quarter. Danske Bank A S purchased a new position in Middleby during the third quarter worth about $27,000. Larson Financial Group LLC raised its holdings in Middleby by 1,292.9% during the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

About Middleby

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.