JPMorgan Chase & Co. Issues Pessimistic Forecast for Middleby (NASDAQ:MIDD) Stock Price

Middleby (NASDAQ:MIDD) had its target price lowered by analysts at JPMorgan Chase & Co. from $147.00 to $145.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 37.57% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group decreased their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Barclays reiterated an “overweight” rating and issued a $145.00 price target (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a research note on Wednesday, August 12th. KeyCorp set a $152.00 price objective on shares of Middleby in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada set a $147.00 target price on shares of Middleby in a research note on Tuesday, September 15th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.25.

Middleby Stock Performance

MIDD traded up $0.16 during midday trading on Thursday, reaching $105.40. The company had a trading volume of 567,023 shares, compared to its average volume of 623,960. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average of $114.71 and a two-hundred day moving average of $135.94. The company has a market cap of $4.77 billion, a P/E ratio of -11.38 and a beta of 1.32. Middleby has a 1 year low of $102.14 and a 1 year high of $180.13.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. During the same quarter last year, the company earned $2.35 earnings per share. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, equities research analysts predict that Middleby will post 6.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Middleby during the second quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its holdings in shares of Middleby by 553.8% in the second quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after buying an additional 144 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Middleby by 64.2% during the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 102 shares during the last quarter. Allworth Financial LP bought a new position in shares of Middleby during the second quarter worth $37,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Middleby during the second quarter valued at $55,000. 98.55% of the stock is currently owned by institutional investors.

Middleby Company Profile

Middleby Corporation is a manufacturer of commercial, residential and industrial foodservice equipment. The company serves restaurants, hotels, institutional kitchens, food retailers, food processors and consumers through a portfolio of equipment brands and product lines.

Its commercial foodservice products include ovens, ranges, fryers, griddles, cooking systems, refrigeration equipment, ventilation systems, beverage equipment and food-preparation solutions. Middleby also provides equipment for commercial dishwashing, baking and other specialized kitchen applications.

The company’s residential portfolio includes premium kitchen appliances such as ranges, ovens, refrigerators, ventilation products, outdoor cooking equipment and specialty appliances.