Middleby (NASDAQ:MIDD) Lowered to “Hold” Rating by Robert W. Baird

Robert W. Baird downgraded shares of Middleby (NASDAQ:MIDD) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Canaccord Genuity Group set a $200.00 price objective on Middleby in a research report on Friday, May 8th. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Oppenheimer began coverage on Middleby in a research report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.25.

Middleby Trading Down 5.1%

Shares of MIDD stock opened at $132.22 on Wednesday. The stock has a market cap of $5.98 billion, a P/E ratio of -15.59 and a beta of 1.33. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. Middleby has a fifty-two week low of $110.82 and a fifty-two week high of $180.13. The business has a fifty day simple moving average of $156.49 and a 200-day simple moving average of $151.81.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data 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. The firm had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, analysts forecast that Middleby will post 9.58 earnings per share for the current fiscal year.

Institutional Trading of Middleby

A number of hedge funds have recently added to or reduced their stakes in MIDD. Torren Management LLC purchased a new position in shares of Middleby during the 4th quarter worth about $25,000. Clearstead Advisors LLC grew its holdings in Middleby by 201.8% in the fourth 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 during the period. Danske Bank A S acquired a new position in Middleby during the third quarter worth approximately $27,000. Larson Financial Group LLC raised its stake 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 purchasing an additional 181 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in Middleby by 553.8% during the second quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 144 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Company 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.