The Middleby Corporation (NASDAQ:MIDD) Stock Now Rated “Hold” by Wall Street Analysts

Shares of The Middleby Corporation (NASDAQ:MIDD) have received an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $159.50.

MIDD has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Zacks Research downgraded shares of Middleby from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. KeyCorp set a $152.00 target price on shares of Middleby in a research report on Tuesday, July 14th. 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 report on Wednesday, July 8th. Finally, Barclays reiterated an “overweight” rating and set a $145.00 price target (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th.

Middleby Stock Down 0.9%

Middleby stock opened at $102.69 on Friday. The stock’s 50 day moving average price is $117.05 and its 200 day moving average price is $136.95. Middleby has a 1-year low of $102.14 and a 1-year high of $180.13. The company has a market cap of $4.64 billion, a PE ratio of -11.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm had revenue of $875.55 million during the quarter, compared to analysts’ expectations of $836.99 million. During the same quarter in the prior year, the business posted $2.35 earnings per share. Middleby’s revenue was down 10.5% compared to the same quarter last year. 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, sell-side analysts predict that Middleby will post 6.85 EPS for the current fiscal year.

Institutional Trading of Middleby

A number of institutional investors have recently bought and sold shares of MIDD. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Middleby in the second quarter valued at $27,000. Clearstead Advisors LLC boosted its position in shares of Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after buying an additional 111 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Middleby by 553.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after buying an additional 144 shares in the last quarter. Larson Financial Group LLC grew its stake in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 181 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in Middleby in the 2nd quarter valued at about $37,000. 98.55% of the stock is currently 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.