Middleby (NASDAQ:MIDD) Sets New 1-Year Low – What’s Next?

The Middleby Corporation (NASDAQ:MIDD) shares hit a new 52-week low during trading on Monday . The company traded as low as $110.48 and last traded at $110.6650, with a volume of 31171 shares changing hands. The stock had previously closed at $112.75.

Analyst Ratings Changes

MIDD has been the subject of several research reports. Zacks Research lowered Middleby from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Oppenheimer reiterated an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, KeyCorp set a $152.00 price objective on shares of Middleby in a research report on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Middleby presently has a consensus rating of “Hold” and an average target price of $160.38.

Middleby Price Performance

The stock has a market capitalization of $5.03 billion, a P/E ratio of -12.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The firm has a 50-day moving average price of $137.12 and a 200 day moving average price of $145.33.

Middleby (NASDAQ:MIDD) last issued its 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 business had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. During the same quarter in the prior year, the firm earned $2.35 earnings per share. Middleby’s revenue for the quarter was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, analysts expect that The Middleby Corporation will post 6.85 EPS for the current year.

Institutional Trading of Middleby

Several hedge funds have recently added to or reduced their stakes in MIDD. Federation des caisses Desjardins du Quebec grew its holdings in Middleby by 2.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after buying an additional 91 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Middleby by 64.2% during the 1st 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. Cresset Asset Management LLC raised its holdings in shares of 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 acquiring an additional 107 shares in the last quarter. Evoke Wealth LLC boosted its position in shares of 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 acquiring an additional 107 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. 98.55% of the stock is owned by 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.