The Middleby Corporation (NASDAQ:MIDD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The Middleby Corporation (NASDAQ:MIDD) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $163.8333.

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Middleby from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. KeyCorp reiterated an “overweight” rating on shares of Middleby in a research note on Friday, December 5th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. upped their target price on Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upped their price target on shares of Middleby from $171.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 5th.

Middleby Trading Down 0.2%

NASDAQ MIDD opened at $148.53 on Friday. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of -33.76 and a beta of 1.39. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.69. Middleby has a twelve month low of $110.82 and a twelve month high of $182.73. The stock’s 50-day simple moving average is $136.87 and its two-hundred day simple moving average is $136.59.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. Middleby had a negative net margin of 5.22% and a positive return on equity of 14.66%. The business had revenue of $982.13 million for the quarter, compared to analyst estimates of $961.21 million. During the same quarter last year, the firm earned $2.33 EPS. The company’s revenue 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. Research analysts forecast that Middleby will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling at Middleby

In related news, Director Robert A. Nerbonne acquired 780 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $128.52 per share, for a total transaction of $100,245.60. Following the completion of the acquisition, the director directly owned 21,471 shares in the company, valued at $2,759,452.92. The trade was a 3.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Middleby

Institutional investors have recently modified their holdings of the stock. Danske Bank A S purchased a new position in shares of Middleby during the 3rd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Middleby in the second quarter valued at about $30,000. Allworth Financial LP lifted its stake in Middleby by 168.8% in the 2nd quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. TFC Financial Management Inc. boosted its holdings in Middleby by 23,000.0% in the 3rd 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Middleby by 135.6% in 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 acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Company Profile

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.