The Middleby Co. (NASDAQ:MIDD – Free Report) – Research analysts at Zacks Research decreased their Q2 2025 earnings per share (EPS) estimates for shares of Middleby in a report issued on Wednesday, May 28th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $2.20 per share for the quarter, down from their previous estimate of $2.39. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s Q3 2025 earnings at $2.26 EPS, Q4 2025 earnings at $2.63 EPS, FY2025 earnings at $9.17 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $2.43 EPS, Q3 2026 earnings at $2.49 EPS, Q4 2026 earnings at $2.77 EPS and FY2026 earnings at $9.74 EPS.
A number of other brokerages have also recently commented on MIDD. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Canaccord Genuity Group cut their target price on Middleby from $200.00 to $186.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Robert W. Baird cut their target price on Middleby from $188.00 to $162.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Barclays lifted their target price on shares of Middleby from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Middleby from $145.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.14.
Middleby Price Performance
Shares of NASDAQ:MIDD opened at $144.55 on Monday. Middleby has a twelve month low of $118.41 and a twelve month high of $182.73. 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 company has a market cap of $7.75 billion, a price-to-earnings ratio of 19.94 and a beta of 1.65. The business has a 50 day moving average price of $139.72 and a 200 day moving average price of $146.67.
Middleby (NASDAQ:MIDD – Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.08 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 the consensus estimate of $941.46 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share.
Insider Activity
In other Middleby news, Director Edward P. Garden bought 249,339 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $149.59 per share, with a total value of $37,298,621.01. Following the purchase, the director now owns 3,088,263 shares in the company, valued at $461,973,262.17. This trade represents a 8.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 640,968 shares of company stock valued at $93,495,270 in the last ninety days. 6.18% of the stock is owned by insiders.
Hedge Funds Weigh In On Middleby
Several hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in Middleby by 59.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,029,484 shares of the industrial products company’s stock worth $460,422,000 after purchasing an additional 1,133,931 shares during the period. Garden Investment Management L.P. bought a new stake in shares of Middleby during the 4th quarter worth approximately $101,958,000. Clarkston Capital Partners LLC bought a new stake in shares of Middleby during the 4th quarter worth approximately $91,869,000. Ameriprise Financial Inc. lifted its stake in Middleby by 237.2% during the fourth quarter. Ameriprise Financial Inc. now owns 366,293 shares of the industrial products company’s stock worth $49,614,000 after purchasing an additional 257,669 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in Middleby during the fourth quarter worth $26,930,000. 98.55% of the stock is owned by institutional investors.
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.
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