Analysts Set The Middleby Corporation (NASDAQ:MIDD) PT at $177.14

Shares of The Middleby Corporation (NASDAQ:MIDD) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $177.1429.

Several equities research analysts have recently commented on MIDD shares. Zacks Research cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research report on Monday, December 29th. Robert W. Baird raised their target price on shares of Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Canaccord Genuity Group set a $187.00 target price on shares of Middleby and gave the stock a “buy” rating in a research report on Tuesday, February 24th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new position in Middleby during the 4th quarter valued at about $2,464,000. Corient Private Wealth LLC lifted its position in Middleby by 107.0% during the 4th quarter. Corient Private Wealth LLC now owns 16,201 shares of the industrial products company’s stock valued at $2,409,000 after acquiring an additional 8,373 shares during the period. Aristides Capital LLC purchased a new position in Middleby during the 4th quarter valued at about $249,000. Kera Capital Partners Inc. lifted its position in Middleby by 44.9% during the 4th quarter. Kera Capital Partners Inc. now owns 2,589 shares of the industrial products company’s stock valued at $381,000 after acquiring an additional 802 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in Middleby by 4,256.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after acquiring an additional 705,560 shares during the period. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Trading Up 0.2%

NASDAQ:MIDD opened at $135.24 on Friday. The company has a 50-day moving average price of $150.06 and a 200-day moving average price of $140.71. Middleby has a 12 month low of $110.82 and a 12 month high of $169.44. The company has a current ratio of 2.57, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of -23.60 and a beta of 1.41.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.27 by $0.15. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The firm had revenue of $334.59 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $2.88 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Equities analysts predict that Middleby will post 9.11 EPS for the current 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.