Sei Investments Co. Boosts Holdings in The Middleby Corporation $MIDD

Sei Investments Co. lifted its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 6.5% in the first quarter, Holdings Channel reports. The institutional investor owned 803,383 shares of the industrial products company’s stock after acquiring an additional 49,228 shares during the quarter. Sei Investments Co.’s holdings in Middleby were worth $106,514,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new position in shares of Middleby in the fourth quarter valued at approximately $15,085,000. Tudor Investment Corp ET AL lifted its holdings in Middleby by 45.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock worth $10,096,000 after purchasing an additional 23,737 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Middleby during the 4th quarter worth approximately $11,980,000. Hsbc Holdings PLC bought a new stake in Middleby in the 4th quarter valued at $2,464,000. Finally, Oak Thistle LLC boosted its stake in Middleby by 345.9% in the 4th quarter. Oak Thistle LLC now owns 11,169 shares of the industrial products company’s stock valued at $1,660,000 after purchasing an additional 8,664 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MIDD has been the topic of several recent research reports. KeyCorp set a $152.00 price objective on Middleby in a research report on Tuesday, July 14th. JPMorgan Chase & Co. reduced their target price on shares of Middleby from $185.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Barclays set a $155.00 price target on shares of Middleby and gave the company an “overweight” rating in a research note on Monday. Oppenheimer started coverage on shares of Middleby in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 price objective for the company. Finally, Weiss Ratings reissued 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, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $173.88.

Middleby Price Performance

Middleby stock opened at $131.14 on Friday. The firm has a market cap of $5.93 billion, a PE ratio of -15.46 and a beta of 1.33. 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 fifty day moving average price is $153.27 and its two-hundred day moving average price is $150.50. The Middleby Corporation has a one year low of $110.82 and a one year high of $180.13.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating 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 positive return on equity of 15.94% and a negative net margin of 11.46%.The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.08 EPS. 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, research analysts expect that The Middleby Corporation will post 9.54 EPS for the current fiscal year.

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.