III Capital Management Purchases Shares of 6,000 The Middleby Corporation $MIDD

III Capital Management acquired a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the industrial products company’s stock, valued at approximately $1,032,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Torren Management LLC bought a new position in Middleby during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC lifted its position in Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Middleby during the second quarter valued at approximately $27,000. Danske Bank A S purchased a new stake in shares of Middleby during the third quarter valued at approximately $27,000. Finally, Larson Financial Group LLC grew its holdings in shares of Middleby by 1,292.9% in the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Down 1.1%

NASDAQ:MIDD opened at $113.97 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The firm has a market cap of $5.15 billion, a P/E ratio of -12.31 and a beta of 1.32. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $180.13. The firm has a 50-day simple moving average of $140.47 and a two-hundred day simple moving average of $146.30.

Middleby (NASDAQ:MIDD) last issued its earnings results 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. The firm had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MIDD has been the subject of several analyst reports. Canaccord Genuity Group set a $157.00 price target on shares of Middleby and gave the company a “buy” rating in a research report on Wednesday, August 12th. Barclays reaffirmed an “overweight” rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Jefferies Financial Group reduced their price target on Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Seaport Research Partners set a $145.00 price target on Middleby in a research report on Wednesday, August 12th. Finally, Zacks Research cut Middleby from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $160.38.

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.