The Middleby Corporation (NASDAQ:MIDD) Given Average Recommendation of “Moderate Buy” by Analysts

The Middleby Corporation (NASDAQ:MIDD) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $178.25.

Several analysts recently issued reports on the stock. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Barclays reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. KeyCorp set a $152.00 target price on shares of Middleby in a research report on Tuesday. Finally, Jefferies Financial Group lowered their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th.

Institutional Trading of Middleby

Institutional investors and hedge funds have recently modified their holdings of the stock. Torren Management LLC purchased a new position in shares of Middleby during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC raised its position in Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after buying an additional 111 shares during the last quarter. Danske Bank A S purchased a new stake in Middleby in the 3rd quarter valued at $27,000. Larson Financial Group LLC lifted its stake in Middleby by 1,292.9% during 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 in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in Middleby by 553.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 144 shares in the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Stock Performance

Shares of Middleby stock opened at $133.22 on Friday. The business has a 50-day simple moving average of $154.85 and a 200 day simple moving average of $151.04. Middleby has a one year low of $110.82 and a one year high of $180.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of -15.71 and a beta of 1.33.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 earnings per share. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, research analysts anticipate that Middleby will post 9.54 earnings per share for the current fiscal year.

Middleby Company 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.