Peregrine Capital Management LLC Has $5.24 Million Stock Holdings in The Middleby Corporation $MIDD

Peregrine Capital Management LLC boosted its stake in The Middleby Corporation (NASDAQ:MIDD) by 31,927.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,230 shares of the industrial products company’s stock after purchasing an additional 35,120 shares during the quarter. Peregrine Capital Management LLC owned about 0.07% of Middleby worth $5,238,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MIDD. Danske Bank A S acquired a new stake in Middleby in the third quarter worth $27,000. TFC Financial Management Inc. grew its holdings in Middleby by 23,000.0% in the third quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 230 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Middleby by 135.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 141 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Middleby in the third quarter worth $46,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Middleby by 280.2% in the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 241 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Stock Up 0.5%

Middleby stock opened at $145.38 on Friday. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of -25.37 and a beta of 1.41. The firm’s fifty day moving average price is $146.88 and its two-hundred day moving average price is $141.35. The company has a current ratio of 2.57, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The firm had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm earned $2.88 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. On average, equities research analysts predict that The Middleby Corporation will post 9.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MIDD. Zacks Research cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. Robert W. Baird raised their price target on shares of Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Middleby from $180.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.57.

Middleby Profile

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.