Heartland Advisors Inc. Sells 17,462 Shares of The Middleby Corporation $MIDD

Heartland Advisors Inc. lessened its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 24.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,702 shares of the industrial products company’s stock after selling 17,462 shares during the quarter. Heartland Advisors Inc.’s holdings in Middleby were worth $7,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in Middleby in the fourth quarter worth $25,000. Clearstead Advisors LLC lifted its holdings in shares of 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. Larson Financial Group LLC lifted its holdings in shares of 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. Danske Bank A S bought a new position in shares of Middleby during the third quarter valued at $27,000. Finally, Los Angeles Capital Management LLC bought a new position in Middleby in the fourth quarter valued at about $35,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MIDD shares. Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a report on Friday, May 8th. JPMorgan Chase & Co. increased their target price on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a report on Friday, May 8th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $189.71.

Middleby Price Performance

Shares of Middleby stock opened at $153.75 on Thursday. The Middleby Corporation has a 12 month low of $110.82 and a 12 month high of $169.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The stock has a market capitalization of $6.95 billion, a P/E ratio of -18.13 and a beta of 1.36. The business has a 50 day simple moving average of $146.21 and a two-hundred day simple moving average of $146.70.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results 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. The firm had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, analysts predict that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Middleby 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.