The Middleby Corporation $MIDD Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 8.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 32,130 shares of the industrial products company’s stock after selling 3,100 shares during the period. Peregrine Capital Management LLC owned approximately 0.07% of Middleby worth $4,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MIDD. Torren Management LLC purchased a new stake in shares of Middleby in the fourth quarter worth about $25,000. Clearstead Advisors LLC lifted its holdings in Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 111 shares during the period. Danske Bank A S purchased a new stake in Middleby in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its position in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Middleby by 135.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Performance

Shares of NASDAQ:MIDD opened at $175.12 on Friday. 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 Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $176.44. The firm has a market capitalization of $7.92 billion, a PE ratio of -20.65 and a beta of 1.33. The business’s 50 day moving average price is $155.47 and its 200-day moving average price is $151.54.

Middleby (NASDAQ:MIDD) last announced its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The company had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. During the same quarter in the previous year, the company posted $2.08 EPS. The firm’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, equities research analysts expect that The Middleby Corporation will post 9.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MIDD shares. Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 target price on shares of Middleby in a research note on Tuesday, March 31st. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. Barclays reissued an “overweight” rating and set a $190.00 target price (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Oppenheimer assumed coverage on Middleby in a report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.62.

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.