Middleby (NASDAQ:MIDD) Hits New 52-Week High – Here’s What Happened

The Middleby Corporation (NASDAQ:MIDD)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $175.91 and last traded at $174.3910, with a volume of 168654 shares trading hands. The stock had previously closed at $168.91.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. KeyCorp increased their price objective on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $195.00 target price on shares of Middleby in a research note on Tuesday, March 31st. Canaccord Genuity Group set a $200.00 price target on Middleby in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price target on Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Barclays restated an “overweight” rating and set a $190.00 price objective (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.62.

Middleby Trading Up 2.6%

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 firm has a 50-day moving average price of $151.79 and a 200-day moving average price of $150.00. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of -20.43 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last announced its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share 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 during the quarter, compared to analysts’ expectations of $777.19 million. During the same quarter last year, the business posted $2.08 earnings per share. The company’s quarterly 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, sell-side analysts predict that The Middleby Corporation will post 9.58 EPS for the current year.

Institutional Trading of Middleby

A number of large investors have recently added to or reduced their stakes in the business. Federation des caisses Desjardins du Quebec grew its position in Middleby by 2.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock worth $642,000 after buying an additional 91 shares during the last quarter. Root Financial Partners LLC boosted its stake 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. Evoke Wealth LLC grew its holdings in shares of Middleby by 5.8% in the 4th quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 107 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Middleby by 7.6% during the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 107 shares during the period. Finally, 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 during the last quarter. 98.55% of the stock is currently owned by institutional investors.

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.