The Middleby Corporation (NASDAQ:MIDD) Receives Average Rating of “Hold” from Brokerages

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $160.3750.

MIDD has been the subject of a number of research analyst reports. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Barclays reaffirmed an “overweight” rating and issued a $145.00 target price (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Jefferies Financial Group dropped 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. Robert W. Baird cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Canaccord Genuity Group set a $157.00 price target on shares of Middleby and gave the stock a “buy” rating in a report on Wednesday, August 12th.

Middleby Stock Performance

Shares of MIDD stock opened at $112.75 on Monday. The company has a market capitalization of $5.10 billion, a PE ratio of -12.18 and a beta of 1.32. Middleby has a 52-week low of $110.82 and a 52-week high of $180.13. The business’s fifty day moving average is $137.12 and its 200 day moving average is $145.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99.

Middleby (NASDAQ:MIDD) last posted 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 business had revenue of $875.55 million during the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, equities research analysts anticipate that Middleby will post 6.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in Middleby by 14,843.9% during the second quarter. California State Teachers Retirement System now owns 8,350,225 shares of the industrial products company’s stock valued at $1,436,322,000 after purchasing an additional 8,294,348 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Middleby by 49.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock worth $858,161,000 after purchasing an additional 1,902,957 shares in the last quarter. BlackRock Inc. bought a new position in shares of Middleby during the 2nd quarter valued at about $676,035,000. Garden Investment Management L.P. raised its holdings in shares of Middleby by 3.1% during the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock valued at $502,466,000 after buying an additional 102,903 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Middleby by 3.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock valued at $320,112,000 after buying an additional 75,047 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

About Middleby

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.