VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in The Middleby Corporation $MIDD

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of The Middleby Corporation (NASDAQ:MIDD) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,403 shares of the industrial products company’s stock, valued at approximately $3,510,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in Middleby by 14,843.9% during the second quarter. California State Teachers Retirement System now owns 8,350,225 shares of the industrial products company’s stock valued at $1,436,322,000 after purchasing an additional 8,294,348 shares in the last quarter. Syon Capital LLC boosted its stake in shares of Middleby by 43.9% in the second quarter. Syon Capital LLC now owns 3,967 shares of the industrial products company’s stock worth $682,000 after acquiring an additional 1,210 shares during the last quarter. Nykredit A S acquired a new position in Middleby in the 2nd quarter valued at $363,000. Proficio Capital Partners LLC purchased a new position in Middleby in the 2nd quarter valued at $311,000. Finally, Ancora Advisors LLC boosted its stake in Middleby by 23.1% during the 2nd quarter. Ancora Advisors LLC now owns 155,785 shares of the industrial products company’s stock worth $26,797,000 after purchasing an additional 29,199 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Price Performance

Middleby stock opened at $105.94 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $127.60 and a 200 day moving average price of $142.35. The Middleby Corporation has a 12-month low of $105.74 and a 12-month high of $180.13. The stock has a market cap of $4.79 billion, a P/E ratio of -11.44 and a beta of 1.31.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.26. The business had revenue of $875.55 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Sell-side analysts anticipate that The Middleby Corporation will post 6.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MIDD. Weiss Ratings cut shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Zacks Research cut shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Barclays reissued an “overweight” rating and issued a $145.00 target price (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Seaport Research Partners set a $145.00 price target on Middleby in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $160.43.

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.