Research Analysts Set Expectations for Middleby Q1 Earnings

The Middleby Co. (NASDAQ:MIDD) – Analysts at Zacks Research dropped their Q1 2027 earnings per share (EPS) estimates for Middleby in a report issued on Wednesday, May 28th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $2.57 for the quarter, down from their previous forecast of $2.71. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s FY2027 earnings at $11.67 EPS.

Middleby (NASDAQ:MIDD) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.14. The company had revenue of $906.63 million during the quarter, compared to analysts’ expectations of $941.46 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share.

Several other equities research analysts have also recently issued reports on MIDD. KeyCorp cut their target price on Middleby from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Robert W. Baird dropped their price objective on Middleby from $188.00 to $162.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on Middleby from $145.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group dropped their price objective on Middleby from $200.00 to $186.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.14.

Middleby Price Performance

MIDD stock opened at $146.68 on Friday. The business has a fifty day moving average of $139.96 and a two-hundred day moving average of $146.53. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 20.23 and a beta of 1.65. Middleby has a 52-week low of $118.41 and a 52-week high of $182.73.

Insider Activity

In related news, Director Edward P. Garden bought 249,339 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $149.59 per share, with a total value of $37,298,621.01. Following the purchase, the director now directly owns 3,088,263 shares of the company’s stock, valued at $461,973,262.17. This trade represents a 8.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Chapin Sarah Palisi sold 500 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $163.51, for a total value of $81,755.00. Following the transaction, the director now directly owns 6,111 shares of the company’s stock, valued at $999,209.61. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 640,968 shares of company stock valued at $93,495,270. 6.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. TCTC Holdings LLC grew its stake in Middleby by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Middleby by 760.0% during the 1st quarter. Versant Capital Management Inc now owns 258 shares of the industrial products company’s stock worth $39,000 after buying an additional 228 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Middleby by 90.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after buying an additional 205 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Middleby during the 4th quarter worth about $71,000. Finally, Principal Securities Inc. lifted its holdings in Middleby by 16.0% during the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company’s stock worth $77,000 after buying an additional 78 shares during the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.