Middleby (NASDAQ:MIDD) Stock Price Target Raised at Canaccord Genuity Group

Middleby (NASDAQ:MIDD) had its target price upped by equities researchers at Canaccord Genuity Group from $152.00 to $160.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Canaccord Genuity Group‘s target price indicates a potential upside of 16.94% from the company’s current price.

Several other research firms also recently commented on MIDD. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a report on Wednesday, August 12th. Zacks Research raised Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Royal Bank Of Canada set a $147.00 target price on Middleby in a research report on Tuesday, September 15th. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $145.00 price objective (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Middleby has a consensus rating of “Moderate Buy” and an average price target of $159.25.

Middleby Price Performance

Shares of Middleby stock traded up $6.68 on Friday, hitting $136.82. 395,279 shares of the company traded hands, compared to its average volume of 609,528. Middleby has a 52 week low of $102.14 and a 52 week high of $180.13. The business has a 50-day simple moving average of $110.92 and a 200 day simple moving average of $137.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The stock has a market capitalization of $6.19 billion, a P/E ratio of -14.72 and a beta of 1.29.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The firm had revenue of $652.58 million during the quarter, compared to analyst estimates of $634.04 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 earnings per share. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. Research analysts expect that Middleby will post 6.82 earnings per share for the current fiscal year.

Institutional Trading of Middleby

Institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Middleby in the second quarter valued at about $27,000. Elevation Wealth Partners LLC lifted its stake in 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 acquiring an additional 144 shares during the period. Allworth Financial LP bought a new position in Middleby during the 2nd quarter worth about $37,000. IFP Advisors Inc grew its holdings in Middleby by 1,507.4% during the 3rd quarter. IFP Advisors Inc now owns 434 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 407 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Middleby by 487.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 458 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 380 shares during the period. 98.55% of the stock is currently owned by institutional investors.

Key Headlines Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Third-quarter EPS of $2.07 beat the roughly $1.75 analyst consensus, while revenue of $652.6 million topped estimates of about $634 million and increased 7.7% year over year. The company also reported record quarterly net sales and 10% growth in adjusted EBITDA. Middleby third-quarter results
• Positive Sentiment: Middleby raised its 2026 EPS guidance to $7.13–$7.29, above the $6.82 consensus estimate; its $2.5 billion revenue outlook was in line with expectations. Middleby guidance and CEO transition
• Neutral Sentiment: Chief Commercial Officer Steve Spittle will succeed Tim FitzGerald as CEO on April 1, 2027. The planned internal transition provides a named successor, though investors may watch for details on strategic continuity. Middleby CEO succession
• Negative Sentiment: Quarterly EPS was below the $2.37 reported a year earlier. Fourth-quarter revenue guidance of $621–$635 million also has a midpoint slightly under the $631.1 million analyst estimate, although the EPS guidance midpoint is above consensus. Middleby earnings report

Middleby Company Profile

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.