Middleby (NASDAQ:MIDD) Price Target Lowered to $160.00 at Jefferies Financial Group

Middleby (NASDAQ:MIDD) had its price target dropped by investment analysts at Jefferies Financial Group from $200.00 to $160.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 21.47% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group set a $200.00 price target on Middleby in a report on Friday, May 8th. Oppenheimer started coverage on Middleby in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 target price for the company. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Barclays reiterated an “overweight” rating and set a $190.00 target price (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Middleby currently has an average rating of “Moderate Buy” and an average price target of $187.25.

Middleby Trading Down 5.4%

MIDD traded down $7.54 during trading on Wednesday, hitting $131.72. 202,161 shares of the company’s stock were exchanged, compared to its average volume of 634,161. Middleby has a 1 year low of $110.82 and a 1 year high of $180.13. The stock has a 50 day moving average price of $156.70 and a 200 day moving average price of $151.92. The firm has a market cap of $5.96 billion, a P/E ratio of -15.54 and a beta of 1.33. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The business had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 EPS. 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, analysts expect that Middleby will post 9.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Middleby

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MIDD. Federation des caisses Desjardins du Quebec grew its stake in shares of Middleby by 2.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 91 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Middleby by 64.2% in the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 102 shares in the last quarter. Evoke Wealth LLC grew its stake in Middleby by 5.8% during the 4th quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock valued at $288,000 after purchasing an additional 107 shares in the last quarter. Cresset Asset Management LLC increased its holdings in Middleby by 7.6% during the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 107 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

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.