The Middleby Corporation (NASDAQ:MIDD) Receives $189.71 Consensus Target Price from Analysts

Shares of The Middleby Corporation (NASDAQ:MIDD) have received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $191.6250.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Canaccord Genuity Group set a $200.00 price objective on Middleby in a research report on Friday, May 8th. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. JPMorgan Chase & Co. upped their price objective on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, KeyCorp upped their price objective on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th.

Institutional Trading of Middleby

A number of large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Middleby by 49.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Invesco Ltd. increased its position in shares of Middleby by 1,046.4% in the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after purchasing an additional 929,688 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Middleby by 4,256.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after purchasing an additional 705,560 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of Middleby in the 3rd quarter valued at approximately $55,260,000. Finally, Cooke & Bieler LP purchased a new stake in shares of Middleby in the 4th quarter valued at approximately $48,113,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Price Performance

Middleby stock opened at $163.77 on Wednesday. The company’s 50 day simple moving average is $151.27 and its 200-day simple moving average is $149.69. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of -19.31 and a beta of 1.36. Middleby has a 1 year low of $110.82 and a 1 year high of $173.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. During the same period in the previous year, the firm earned $2.08 EPS. The business’s revenue was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, equities research analysts expect that Middleby will post 9.58 earnings per share for the current 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.