Middleby (NASDAQ:MIDD) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Middleby (NASDAQ:MIDD) had its price objective trimmed by JPMorgan Chase & Co. from $147.00 to $145.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Several other analysts also recently commented on MIDD. Barclays restated an “overweight” rating and set a $145.00 target price (down from $155.00) on shares of Middleby in a report on Thursday, August 13th. Robert W. Baird cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. KeyCorp set a $152.00 price objective on shares of Middleby in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Finally, Zacks Research cut shares of Middleby from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $159.25.

Middleby Stock Performance

MIDD stock opened at $105.95 on Thursday. Middleby has a 1-year low of $102.14 and a 1-year high of $180.13. 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 firm has a market cap of $4.79 billion, a PE ratio of -11.44 and a beta of 1.32. The business’s 50-day moving average price is $113.60 and its two-hundred day moving average price is $135.52.

Middleby (NASDAQ:MIDD) last announced its quarterly 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. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. The company had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. During the same period in the prior year, the company earned $2.35 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. 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, research analysts forecast that Middleby will post 6.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Middleby during the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC lifted its stake in Middleby by 553.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 144 shares during the last quarter. Allworth Financial LP bought a new position in Middleby during the second quarter worth about $37,000. Root Financial Partners LLC grew its holdings in Middleby by 64.2% during the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 102 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Middleby during the second quarter worth approximately $55,000. Institutional investors own 98.55% of the company’s stock.

Middleby Company Profile

Middleby Corporation is a manufacturer of commercial, residential and industrial foodservice equipment. The company serves restaurants, hotels, institutional kitchens, food retailers, food processors and consumers through a portfolio of equipment brands and product lines.

Its commercial foodservice products include ovens, ranges, fryers, griddles, cooking systems, refrigeration equipment, ventilation systems, beverage equipment and food-preparation solutions. Middleby also provides equipment for commercial dishwashing, baking and other specialized kitchen applications.

The company’s residential portfolio includes premium kitchen appliances such as ranges, ovens, refrigerators, ventilation products, outdoor cooking equipment and specialty appliances.