What is Zacks Research’s Estimate for Middleby Q1 Earnings?

The Middleby Corporation (NASDAQ:MIDD) – Investment analysts at Zacks Research cut their Q1 2027 earnings estimates for Middleby in a research report issued on Friday, February 13th. Zacks Research analyst Team now expects that the industrial products company will earn $1.86 per share for the quarter, down from their prior forecast of $1.87. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

Several other research analysts have also recently weighed in on MIDD. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. KeyCorp reiterated an “overweight” rating on shares of Middleby in a report on Friday, December 5th. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Barclays set a $168.00 price target on shares of Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a report on Friday, December 5th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.83.

Middleby Stock Performance

MIDD stock opened at $163.93 on Monday. The stock has a market capitalization of $8.26 billion, a PE ratio of -37.26 and a beta of 1.40. Middleby has a 12-month low of $110.82 and a 12-month high of $182.73. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The stock’s 50 day simple moving average is $150.94 and its 200 day simple moving average is $137.40.

Insider Activity at Middleby

In other Middleby news, Director Robert A. Nerbonne bought 780 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was bought 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 owned 21,471 shares of the company’s stock, valued at $2,759,452.92. This represents a 3.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MIDD. Torren Management LLC bought a new stake in shares of Middleby during the 4th quarter valued at $25,000. Clearstead Advisors LLC lifted its position in Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Larson Financial Group LLC grew its holdings in Middleby by 1,292.9% during the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 181 shares during the period. Danske Bank A S bought a new stake in Middleby during the third quarter valued at about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Middleby in the second quarter worth about $30,000. 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.