Freestone Grove Partners LP Acquires New Shares in The Middleby Corporation $MIDD

Freestone Grove Partners LP acquired a new position in The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,809 shares of the industrial products company’s stock, valued at approximately $6,504,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Torren Management LLC bought a new stake in shares of Middleby in the 4th quarter valued at about $25,000. Clearstead Advisors LLC lifted its position in shares of Middleby by 201.8% in 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 period. Danske Bank A S bought a new position in shares of Middleby during the third quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Middleby during the second quarter valued at approximately $27,000. Finally, Larson Financial Group LLC increased its holdings in 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 period. 98.55% of the stock is currently owned by institutional investors.

Middleby Trading Down 0.8%

NASDAQ:MIDD opened at $112.75 on Friday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -12.18 and a beta of 1.32. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $180.13. 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 firm has a 50 day moving average of $137.12 and a 200 day moving average of $145.44.

Middleby (NASDAQ:MIDD) last released 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. The business had revenue of $875.55 million for the quarter, compared to analyst estimates 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 period in the previous year, the company 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, sell-side analysts anticipate that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MIDD shares. Zacks Research lowered Middleby from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Jefferies Financial Group cut their price target on Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings cut Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Finally, Barclays reaffirmed an “overweight” rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Six 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’s stock. According to data from MarketBeat, Middleby currently has a consensus rating of “Hold” and a consensus price target of $160.38.

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.