Medina Value Partners LLC Purchases New Position in The Middleby Corporation $MIDD

Medina Value Partners LLC purchased a new position in The Middleby Corporation (NASDAQ:MIDD) in the second quarter, Holdings Channel reports. The fund purchased 139,976 shares of the industrial products company’s stock, valued at approximately $24,077,272,000. Middleby accounts for 4.7% of Medina Value Partners LLC’s holdings, making the stock its 9th biggest holding.

A number of other hedge funds also recently bought and sold shares of MIDD. Polar Asset Management Partners Inc. acquired a new stake in Middleby in the second quarter valued at approximately $318,000. Jupiter Topco LLC acquired a new position in shares of Middleby during the 2nd quarter worth approximately $3,089,000. III Capital Management acquired a new position in shares of Middleby during the 2nd quarter worth approximately $1,032,000. Ancora Advisors LLC purchased a new position in shares of Middleby during the 2nd quarter valued at approximately $26,797,000. Finally, Palisade Capital Management LP acquired a new stake in Middleby in the 2nd quarter valued at $3,298,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MIDD. Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings lowered shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Oppenheimer reissued an “outperform” rating and set a $160.00 target price (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. KeyCorp set a $152.00 price target on shares of Middleby in a research report on Tuesday, July 14th. Finally, Zacks Research lowered shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Middleby has an average rating of “Hold” and a consensus target price of $160.38.

Middleby Stock Down 1.1%

Shares of MIDD opened at $113.97 on Wednesday. The stock has a 50 day moving average price of $140.47 and a 200 day moving average price of $146.30. The Middleby Corporation has a one year low of $110.82 and a one year high of $180.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of -12.31 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The company had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. During the same quarter last year, the firm posted $2.35 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Equities research analysts forecast that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

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.