The Middleby Corporation $MIDD Stock: Vestor Capital LLC Reduces Position

Vestor Capital LLC lessened its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 96.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,454 shares of the industrial products company’s stock after selling 139,823 shares during the quarter. Vestor Capital LLC’s holdings in Middleby were worth $461,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Middleby in the second quarter worth about $676,035,000. Bank of America Corp DE purchased a new stake in Middleby in the second quarter valued at approximately $138,803,000. Bank of New York Mellon Corp purchased a new stake in Middleby in the second quarter valued at approximately $69,002,000. Cooke & Bieler LP increased its holdings in Middleby by 47.6% in the 3rd quarter. Cooke & Bieler LP now owns 932,553 shares of the industrial products company’s stock worth $96,594,000 after buying an additional 300,557 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Middleby by 1,572.9% in the 1st quarter. Renaissance Technologies LLC now owns 205,270 shares of the industrial products company’s stock worth $27,215,000 after buying an additional 193,000 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Middleby from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Friday. Canaccord Genuity Group increased their price objective on shares of Middleby from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. Barclays reissued an “overweight” rating and set a $145.00 target price (down from $155.00) on shares of Middleby in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.75.

Middleby Trading Up 1.1%

Shares of NASDAQ:MIDD opened at $138.00 on Tuesday. The Middleby Corporation has a 1 year low of $102.14 and a 1 year high of $180.13. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 162.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The business’s 50 day moving average price is $111.88 and its 200-day moving average price is $137.09.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, November 5th. The industrial products company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.75 by $0.32. The company had revenue of $652.58 million during the quarter, compared to analyst estimates of $634.04 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.37 EPS. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. On average, equities research analysts forecast that The Middleby Corporation will post 7.21 earnings per share for the current fiscal year.

About Middleby

Middleby Corporation develops and manufactures equipment for commercial kitchens, food-processing operations and residential kitchens. Its commercial foodservice products include ovens, ranges, fryers, refrigeration systems and food-preparation equipment used by restaurants and other foodservice operators.

The company also supplies industrial equipment to food manufacturers, including systems for cooking, mixing, forming and packaging food products. Its residential kitchen business offers premium appliances such as ranges, ovens, refrigerators and outdoor cooking products.

Middleby serves customers in markets around the world.