The Middleby Corporation (NASDAQ:MIDD) Receives Average Recommendation of “Moderate Buy” from Analysts

The Middleby Corporation (NASDAQ:MIDD) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $161.3333.

Several equities analysts have recently weighed in on MIDD shares. Barclays set a $168.00 target price on shares of Middleby and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a report on Monday. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Canaccord Genuity Group lifted their price target on Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Wolfe Research set a $163.00 price objective on Middleby and gave the company an “outperform” rating in a research note on Thursday, September 4th.

Middleby Stock Up 0.3%

Shares of NASDAQ MIDD opened at $150.98 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.10. The stock has a market capitalization of $7.60 billion, a PE ratio of -34.31 and a beta of 1.39. Middleby has a one year low of $110.82 and a one year high of $182.73. The business’s fifty day moving average price is $128.31 and its 200-day moving average price is $135.51.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.34. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The company had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. During the same quarter last year, the firm posted $2.33 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. On average, equities research analysts anticipate that Middleby will post 9.11 EPS for the current year.

Insider Buying and Selling at Middleby

In related news, Director Robert A. Nerbonne purchased 780 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average cost of $128.52 per share, for a total transaction of $100,245.60. Following the completion of the transaction, the director directly owned 21,471 shares in the company, valued at approximately $2,759,452.92. This represents a 3.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 6.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Middleby

Several hedge funds have recently bought and sold shares of the company. Danske Bank A S bought a new stake in Middleby during the 3rd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Middleby in the second quarter worth $30,000. Allworth Financial LP increased its holdings in shares of Middleby by 168.8% in the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 130 shares during the period. TFC Financial Management Inc. raised its position in shares of Middleby by 23,000.0% in the third quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock worth $31,000 after buying an additional 230 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.

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.