Middleby (NASDAQ:MIDD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Middleby (NASDAQ:MIDD) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

MIDD has been the subject of several other research reports. Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. KeyCorp set a $152.00 price objective on shares of Middleby in a research report on Tuesday, July 14th. JPMorgan Chase & Co. reduced their target price on shares of Middleby from $185.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Oppenheimer initiated coverage on shares of Middleby in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 target price for the company. Finally, Jefferies Financial Group dropped their price target on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.88.

Middleby Trading Down 0.1%

NASDAQ:MIDD opened at $130.99 on Monday. Middleby has a 12-month low of $110.82 and a 12-month high of $180.13. The firm has a market capitalization of $5.92 billion, a P/E ratio of -15.45 and a beta of 1.33. 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 business has a 50 day simple moving average of $153.59 and a 200 day simple moving average of $150.64.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Equities research analysts predict that Middleby will post 9.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Middleby by 49.2% during the 4th 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. Invesco Ltd. grew its holdings in Middleby by 1,046.4% during the third quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after acquiring an additional 929,688 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Middleby by 4,256.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock worth $107,361,000 after acquiring an additional 705,560 shares in the last quarter. Cooke & Bieler LP acquired a new stake in Middleby in the 4th quarter valued at about $48,113,000. Finally, Marshall Wace LLP grew its stake in shares of Middleby by 260.0% in the 3rd quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock worth $55,822,000 after purchasing an additional 303,293 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

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.