Middleby Stock Gets Reduced EPS Forecast from Zacks Research

The Middleby Corporation (NASDAQ:MIDD) – Equities research analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Middleby in a note issued to investors on Monday, October 5th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $1.73 for the quarter, down from their previous forecast of $1.74. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $6.84 per share. Zacks Research also issued estimates for Middleby’s Q4 2026 earnings at $1.80 EPS, FY2026 earnings at $6.82 EPS, Q3 2027 earnings at $1.94 EPS, FY2027 earnings at $7.43 EPS, Q1 2028 earnings at $1.89 EPS and Q3 2028 earnings at $2.04 EPS.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group decreased their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. raised shares of Middleby from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $141.00 to $147.00 in a research note on Tuesday, September 15th. Barclays reiterated an “overweight” rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Finally, Canaccord Genuity Group set a $160.00 target price on shares of Middleby and gave the company a “buy” rating in a report on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Middleby has a consensus rating of “Hold” and a consensus price target of $159.50.

Middleby Price Performance

Shares of MIDD opened at $105.24 on Tuesday. The business has a 50-day moving average of $114.71 and a 200-day moving average of $135.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -11.37 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 announced its earnings results 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. The firm had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business 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.

Hedge Funds Weigh In On Middleby

A number of institutional investors and hedge funds have recently modified their holdings of MIDD. Elevation Wealth Partners LLC grew its position in shares of Middleby by 182.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 480 shares of the industrial products company’s stock worth $50,000 after buying an additional 310 shares during the period. Versant Capital Management Inc lifted its position in shares of Middleby by 54.7% during the 3rd quarter. Versant Capital Management Inc now owns 2,686 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 950 shares during the period. Sequoia Financial Advisors LLC bought a new position in Middleby during the second quarter worth $205,000. Tidal Investments LLC boosted its stake in Middleby by 131.3% during the second quarter. Tidal Investments LLC now owns 9,489 shares of the industrial products company’s stock worth $1,632,000 after acquiring an additional 5,386 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in Middleby by 514.9% in the second quarter. Engineers Gate Manager LP now owns 10,699 shares of the industrial products company’s stock valued at $1,840,000 after purchasing an additional 8,959 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors.

Key Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Zacks increased its Q4 2027 EPS estimate to $1.95 from $1.93, Q2 2028 EPS to $2.04 from $1.99, and FY2028 EPS to $8.05 from $7.99. The revisions suggest some improvement in Middleby’s longer-term earnings outlook. Zacks Research Issues Positive Outlook for Middleby Earnings
• Neutral Sentiment: The estimate changes are modest and apply primarily to future periods. The current-year analyst consensus remains around $6.84–$6.85 per share, while Middleby’s latest reported quarter exceeded EPS and revenue expectations but revenue still declined year over year.
• Negative Sentiment: Zacks lowered its estimates for Q3 2026 EPS to $1.73, Q4 2026 EPS to $1.80, and FY2026 EPS to $6.82. It also trimmed FY2027 EPS to $7.43, Q3 2027 EPS to $1.94, and Q1 2028 EPS to $1.89. These reductions point to weaker near-term earnings expectations.
• Negative Sentiment: Zacks maintained a “Strong Sell” rating despite the longer-term estimate increases, which likely limits the positive impact of the revisions. MIDD is also trading well below its 50-day and 200-day moving averages and near its 12-month low, indicating continued investor concern about the company’s earnings trajectory and operating performance. What is Zacks Research’s Forecast for Middleby Q3 Earnings?

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.