Zacks Research Issues Negative Outlook for Middleby Earnings

The Middleby Corporation (NASDAQ:MIDD) – Analysts at Zacks Research cut their Q2 2027 earnings estimates for shares of Middleby in a note issued to investors on Tuesday, January 27th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.41 per share for the quarter, down from their previous forecast of $2.42. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s Q3 2027 earnings at $2.38 EPS and FY2027 earnings at $9.22 EPS.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on shares of Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Barclays set a $168.00 target price on shares of Middleby and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.83.

Middleby Price Performance

Middleby stock opened at $149.99 on Wednesday. The business’s 50-day simple moving average is $142.34 and its 200 day simple moving average is $136.66. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of -34.09 and a beta of 1.39. Middleby has a 12-month low of $110.82 and a 12-month high of $182.73.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.03 by $0.34. The company had revenue of $982.13 million during the quarter, compared to analysts’ expectations of $961.21 million. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS.

Insiders Place Their Bets

In other news, Director Robert A. Nerbonne purchased 780 shares of Middleby stock in a transaction dated Tuesday, December 9th. The shares were bought at an average cost of $128.52 per share, with a total value of $100,245.60. Following the completion of the transaction, the director directly owned 21,471 shares in the company, valued at $2,759,452.92. This trade represents a 3.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.18% of the company’s stock.

Institutional Trading of Middleby

Large investors have recently made changes to their positions in the company. Danske Bank A S acquired a new stake in Middleby in the 3rd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Middleby during the 2nd quarter worth approximately $30,000. Allworth Financial LP grew its stake in shares of Middleby by 168.8% during the 2nd quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. TFC Financial Management Inc. raised its holdings 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 valued at $31,000 after purchasing an additional 230 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings 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 purchasing an additional 141 shares during the last quarter. 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.