Sanctuary Advisors LLC Invests $1.09 Million in The Middleby Corporation $MIDD

Sanctuary Advisors LLC purchased a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,356 shares of the industrial products company’s stock, valued at approximately $1,093,000.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MIDD shares. Zacks Research lowered 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 Middleby in a research note on Tuesday, July 14th. Seaport Research Partners set a $145.00 target price on Middleby in a report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their price target on Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Finally, Canaccord Genuity Group set a $157.00 price target on Middleby and gave the company a “buy” rating in a report on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Middleby currently has an average rating of “Hold” and a consensus price target of $160.38.

Middleby Stock Performance

Shares of MIDD stock opened at $113.61 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $138.31 and a 200-day moving average price of $145.67. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $180.13. The firm has a market capitalization of $5.14 billion, a PE ratio of -12.27 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. The company 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 firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities research analysts expect that The Middleby Corporation will post 6.85 earnings per share for the current year.

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.