The Middleby Corporation (NASDAQ:MIDD) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $189.7143.

Several equities research analysts have recently commented on MIDD shares. Jefferies Financial Group reissued a “buy” rating and set a $195.00 price target on shares of Middleby in a research note on Tuesday, March 31st. Canaccord Genuity Group set a $200.00 price objective on shares of Middleby in a research note on Friday, May 8th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. 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.

Institutional Investors Weigh In On Middleby

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in shares of Middleby by 49.2% in the fourth 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 period. Garden Investment Management L.P. boosted its stake in Middleby by 3.1% in the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after buying an additional 102,903 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Middleby by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock valued at $320,112,000 after buying an additional 75,047 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Middleby by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock worth $220,950,000 after acquiring an additional 58,696 shares during the period. Finally, Turtle Creek Asset Management Inc. boosted its position in shares of Middleby by 4.2% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock worth $194,318,000 after acquiring an additional 59,050 shares during the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Price Performance

Shares of MIDD opened at $155.01 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $142.70 and its two-hundred day moving average is $144.34. Middleby has a twelve month low of $110.82 and a twelve month high of $169.44. The firm has a market capitalization of $7.01 billion, a PE ratio of -18.28 and a beta of 1.34.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.Middleby’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 earnings per share. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Research analysts anticipate that Middleby will post 9.56 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.