Middleby (NASDAQ:MIDD) Updates FY 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 9.200-9.360 for the period, compared to the consensus earnings per share estimate of 9.430. The company issued revenue guidance of $3.3 billion-$3.4 billion, compared to the consensus revenue estimate of $4.0 billion. Middleby also updated its Q1 2026 guidance to 1.900-2.020 EPS.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $157.78 on Thursday. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of -35.86 and a beta of 1.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 2.07. Middleby has a fifty-two week low of $110.82 and a fifty-two week high of $175.20. The firm’s 50-day simple moving average is $154.16 and its 200 day simple moving average is $138.96.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.14 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.16). Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, research analysts anticipate that Middleby will post 9.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

MIDD has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. KeyCorp reaffirmed an “overweight” rating on shares of Middleby in a research report on Friday, December 5th. Barclays set a $168.00 target price on shares of Middleby and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Middleby currently has an average rating of “Moderate Buy” and an average price target of $165.83.

Insider Buying and Selling at Middleby

In related news, Director Robert A. Nerbonne bought 780 shares of Middleby stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average cost of $128.52 per share, with a total value of $100,245.60. Following the transaction, the director directly owned 21,471 shares of the company’s stock, valued at approximately $2,759,452.92. The trade was a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Middleby

Several institutional investors and hedge funds have recently bought and sold shares of MIDD. EP Wealth Advisors LLC bought a new position in shares of Middleby in the second quarter worth $295,000. Jump Financial LLC bought a new stake in shares of Middleby during the 2nd quarter valued at $470,000. Cresset Asset Management LLC purchased a new stake in Middleby during the 2nd quarter worth about $202,000. Focus Partners Wealth boosted its stake in Middleby by 344.7% in the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 1,727 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Middleby during the 3rd quarter valued at about $139,000. 98.55% of the stock is owned by institutional investors.

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.