Garden Investment Management L.P. Boosts Stock Position in The Middleby Corporation $MIDD

Garden Investment Management L.P. increased its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,379,737 shares of the industrial products company’s stock after purchasing an additional 102,903 shares during the quarter. Middleby makes up 100.0% of Garden Investment Management L.P.’s holdings, making the stock its largest position. Garden Investment Management L.P. owned 6.71% of Middleby worth $502,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in MIDD. Torren Management LLC purchased a new stake in shares of Middleby during the 4th quarter worth $25,000. Clearstead Advisors LLC lifted its stake in shares of Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Middleby during the 3rd quarter worth $27,000. Larson Financial Group LLC lifted its stake in shares of Middleby by 1,292.9% during the 4th 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Middleby by 135.6% during the 3rd 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 during the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Trading Up 0.9%

Middleby stock opened at $165.02 on Wednesday. The stock has a 50-day moving average of $148.52 and a two-hundred day moving average of $147.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96. The Middleby Corporation has a one year low of $110.82 and a one year high of $169.44. The stock has a market cap of $7.46 billion, a PE ratio of -19.46 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating 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 company had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. During the same period last year, the business posted $2.08 earnings per share. The firm’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. On average, research analysts anticipate that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MIDD shares. JPMorgan Chase & Co. upped their price objective on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group restated a “buy” rating and set a $195.00 price objective on shares of Middleby in a research note on Tuesday, March 31st. Barclays restated an “overweight” rating and set a $190.00 price objective (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Finally, Robert W. Baird set a $205.00 price target on Middleby in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Middleby currently has an average rating of “Moderate Buy” and a consensus target price of $189.71.

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.