Havemeyer Place LP Invests $886,000 in The Middleby Corporation $MIDD

Havemeyer Place LP purchased a new position in The Middleby Corporation (NASDAQ:MIDD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,959 shares of the industrial products company’s stock, valued at approximately $886,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MIDD. Torren Management LLC purchased a new position in shares of Middleby in the 4th quarter worth $25,000. Clearstead Advisors LLC lifted its position in Middleby by 201.8% during 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. Danske Bank A S purchased a new position in Middleby during the third quarter valued at $27,000. Larson Financial Group LLC lifted its position 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 purchasing an additional 181 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 141 shares in the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Canaccord Genuity Group set a $200.00 target price on Middleby in a research report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $195.00 target price on shares of Middleby in a research report on Tuesday, March 31st. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp lifted their target price on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Barclays reiterated an “overweight” rating and set a $190.00 target price (up from $168.00) on shares of Middleby in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby presently has an average rating of “Moderate Buy” and an average target price of $189.71.

Middleby Price Performance

Shares of Middleby stock opened at $157.54 on Tuesday. The stock’s 50-day simple moving average is $145.02 and its 200-day simple moving average is $146.06. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of -18.58 and a beta of 1.36. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.94 by $0.22. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. During the same period in the previous year, the business earned $2.08 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. 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 The Middleby Corporation will post 9.56 earnings per share for the current fiscal year.

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.