Fox Run Management L.L.C. Invests $540,000 in The Middleby Corporation $MIDD

Fox Run Management L.L.C. acquired a new stake in The Middleby Corporation (NASDAQ:MIDD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,064 shares of the industrial products company’s stock, valued at approximately $540,000.

Other hedge funds have also recently bought and sold shares of the company. Clarkston Capital Partners LLC raised its holdings in Middleby by 0.6% during the second quarter. Clarkston Capital Partners LLC now owns 692,764 shares of the industrial products company’s stock valued at $99,758,000 after buying an additional 4,204 shares in the last quarter. Sei Investments Co. raised its stake in shares of Middleby by 4.0% in the 2nd quarter. Sei Investments Co. now owns 680,688 shares of the industrial products company’s stock valued at $98,019,000 after acquiring an additional 26,022 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Middleby by 27.0% in the 2nd quarter. Franklin Resources Inc. now owns 621,794 shares of the industrial products company’s stock worth $89,538,000 after purchasing an additional 132,191 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Middleby by 21.3% during the second quarter. Ameriprise Financial Inc. now owns 592,168 shares of the industrial products company’s stock worth $85,272,000 after purchasing an additional 103,930 shares during the period. Finally, SG Capital Management LLC acquired a new position in Middleby during the third quarter valued at approximately $55,260,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Stock Up 1.1%

MIDD stock opened at $168.86 on Friday. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $169.44. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.69. The company has a market cap of $8.51 billion, a PE ratio of -29.47 and a beta of 1.40. The business’s 50-day simple moving average is $154.96 and its 200 day simple moving average is $139.56.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.15. Middleby had a negative net margin of 7.44% and a positive return on equity of 13.88%. The firm had revenue of $866.43 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. On average, research analysts anticipate that The Middleby Corporation will post 9.11 earnings per share for the current year.

Insider Buying and Selling

In other Middleby news, Director Robert A. Nerbonne bought 780 shares of the stock in a transaction dated Tuesday, December 9th. The stock was bought at an average cost of $128.52 per share, for a total transaction of $100,245.60. Following the completion of the purchase, the director owned 21,471 shares in the company, valued at $2,759,452.92. This represents a 3.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. KeyCorp boosted their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird upped their price target on shares of Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Finally, Canaccord Genuity Group set a $187.00 price objective on Middleby and gave the stock a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Middleby has a consensus rating of “Moderate Buy” and a consensus price target of $174.17.

Middleby News Roundup

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Analysts raised targets and ratings — Robert W. Baird raised its price target to $197 (outperform) and KeyCorp boosted its target to $190 (overweight); street research upgraded forecasts after the results. These upgrades helped lift sentiment. Analysts Boost Forecasts After Q4
• Positive Sentiment: Q4 EPS beat — Middleby reported $2.42 EPS vs. consensus $2.27, showing underlying profitability strength that supported the stock despite other headwinds. MIDD Beats Q4 Estimates
• Positive Sentiment: New Smart Kitchen Innovation Centre — Middleby launched a Smart Kitchen Innovation Centre, signaling continued investment in product R&D and commercial tech that could drive future wins in foodservice and OEM channels. Smart Kitchen Innovation Centre
• Positive Sentiment: Food‑processing spin‑off leadership named — Middleby named Mark Salman CEO and Mark Bowie COO of the Food Processing business ahead of its planned Q2 2026 separation, a structural move that could unlock value for shareholders. Leadership for Food Processing Spin‑off
• Neutral Sentiment: Updated 2026 revenue target and portfolio optimization — Management outlined a 2026 revenue target of $3.27B–$3.36B as it accelerates portfolio optimization; this clarifies the plan but is lower than some prior street expectations. 2026 Revenue Target & Portfolio Plan
• Neutral Sentiment: Earnings materials posted — Full earnings transcript and slide deck are available for investors who want to dig into segment details and management commentary. Q4 Earnings Transcript & Deck
• Negative Sentiment: Revenue miss and soft revenue guidance — Q4 sales of $866.4M missed the ~$1.01B consensus, and management set Q1 revenue guidance ($760M–$788M) and FY revenue guidance (~$3.3B–$3.4B) well below analyst estimates, which could limit upside until top‑line recovery is visible. Revenue Miss & Soft Guidance
• Negative Sentiment: Profitability nuance — The company reported a negative net margin (reported -5.22%) despite the EPS beat, a metric investors will watch as revenue headwinds and integration costs from portfolio actions play out. Earnings Summary & Metrics

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.