Middleby (NASDAQ:MIDD) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Middleby (NASDAQ:MIDD) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

Several other brokerages have also recently issued reports on MIDD. Royal Bank Of Canada set a $147.00 target price on shares of Middleby in a research report on Tuesday, September 15th. Weiss Ratings lowered Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Robert W. Baird cut Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Seaport Research Partners set a $145.00 price objective on Middleby in a research note on Wednesday, August 12th. Finally, KeyCorp set a $152.00 price objective on Middleby in a research report on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Middleby presently has a consensus rating of “Moderate Buy” and an average target price of $159.25.

Middleby Stock Up 1.0%

MIDD stock opened at $106.46 on Monday. The business’s 50-day moving average is $112.34 and its two-hundred day moving average is $135.07. 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 company has a market cap of $4.81 billion, a price-to-earnings ratio of -11.50 and a beta of 1.32. Middleby has a fifty-two week low of $102.14 and a fifty-two week high of $180.13.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The business had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. Middleby’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, analysts forecast that Middleby will post 6.84 earnings per share for the current year.

Hedge Funds Weigh In On Middleby

A number of institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC lifted its stake in shares of Middleby by 64.2% in 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 period. Fifth Third Wealth Advisors LLC increased its position in shares of Middleby by 2.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,841 shares of the industrial products company’s stock worth $642,000 after buying an additional 124 shares during the period. GAMMA Investing LLC grew its holdings in Middleby by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,094 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 133 shares during the period. Elevation Wealth Partners LLC grew 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Middleby during the 2nd quarter worth approximately $27,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

About Middleby

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.