Jupiter Topco LLC Makes New $3.09 Million Investment in The Middleby Corporation $MIDD

Jupiter Topco LLC purchased a new stake in The Middleby Corporation (NASDAQ:MIDD) in the 2nd quarter, Holdings Channel reports. The fund purchased 17,950 shares of the industrial products company’s stock, valued at approximately $3,089,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Middleby in the second quarter valued at $27,000. Clearstead Advisors LLC increased its holdings in shares of Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake 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 valued at $29,000 after purchasing an additional 144 shares during the period. Larson Financial Group LLC boosted 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 buying an additional 181 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Middleby during the third quarter worth about $27,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Trading Up 0.8%

Middleby stock opened at $112.44 on Thursday. The stock has a 50-day moving average price of $133.83 and a 200 day moving average price of $144.24. The Middleby Corporation has a 52 week low of $109.68 and a 52 week high of $180.13. The stock has a market cap of $5.08 billion, a PE ratio of -12.14 and a beta of 1.31. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last released its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Equities research analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Middleby from $151.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Oppenheimer reissued an “outperform” rating and issued a $160.00 target price (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research cut shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Finally, KeyCorp set a $152.00 target price on shares of Middleby in a research report on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Middleby has a consensus rating of “Hold” and an average price target of $160.75.

Middleby Profile

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.