Brokerages Set The Middleby Corporation (NASDAQ:MIDD) PT at $165.00

The Middleby Corporation (NASDAQ:MIDD) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $165.00.

MIDD has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Middleby in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. Barclays reiterated an “overweight” rating and set a $180.00 price objective (up from $165.00) on shares of Middleby in a research note on Monday, October 20th. Finally, Wolfe Research set a $163.00 price objective on shares of Middleby and gave the stock an “outperform” rating in a research note on Thursday, September 4th.

Institutional Investors Weigh In On Middleby

A number of hedge funds have recently made changes to their positions in MIDD. Burgundy Asset Management Ltd. grew its stake in Middleby by 5.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,604 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 77 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Middleby by 23.7% in the 2nd quarter. Signaturefd LLC now owns 418 shares of the industrial products company’s stock valued at $60,000 after buying an additional 80 shares in the last quarter. TCTC Holdings LLC grew its position in shares of Middleby by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company’s stock worth $26,000 after buying an additional 91 shares during the last quarter. Xponance Inc. grew its position in shares of Middleby by 1.6% in the 1st quarter. Xponance Inc. now owns 6,223 shares of the industrial products company’s stock worth $946,000 after buying an additional 99 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Middleby by 0.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the industrial products company’s stock worth $1,584,000 after acquiring an additional 100 shares in the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Price Performance

Shares of MIDD stock opened at $120.06 on Tuesday. The company has a market capitalization of $6.08 billion, a P/E ratio of 15.27 and a beta of 1.57. The company’s 50-day simple moving average is $133.48 and its two-hundred day simple moving average is $138.71. Middleby has a one year low of $114.57 and a one year high of $182.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.56.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.34. Middleby had a return on equity of 14.14% and a net margin of 11.06%.The firm had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. During the same quarter in the previous year, the business earned $2.33 earnings per share. Middleby’s quarterly revenue was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. As a group, equities analysts anticipate that Middleby will post 9.11 EPS for the current year.

About Middleby

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.