Zacks Research Forecasts Middleby FY2028 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Investment analysts at Zacks Research issued their FY2028 EPS estimates for Middleby in a note issued to investors on Thursday, March 19th. Zacks Research analyst Team expects that the industrial products company will earn $10.86 per share for the year. 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.

MIDD has been the topic of several other reports. KeyCorp boosted their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Robert W. Baird boosted their price objective on shares of Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. JPMorgan Chase & Co. upped their target price on shares of Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Canaccord Genuity Group set a $187.00 target price on shares of Middleby and gave the company a “buy” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Middleby has an average rating of “Moderate Buy” and an average price target of $174.17.

Middleby Trading Down 3.0%

Shares of Middleby stock opened at $135.81 on Friday. The stock’s 50 day simple moving average is $154.00 and its 200-day simple moving average is $141.03. The stock has a market cap of $6.41 billion, a P/E ratio of -23.70 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.57 and a quick ratio of 1.92. Middleby has a 1-year low of $110.82 and a 1-year high of $169.44.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.13). The business had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 earnings per share. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS.

Institutional Investors Weigh In On Middleby

Large investors have recently added to or reduced their stakes in the business. Torren Management LLC acquired a new position in Middleby during the fourth quarter worth about $25,000. Clearstead Advisors LLC grew its position in shares of Middleby by 201.8% in 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 during the last quarter. Danske Bank A S acquired a new stake in shares of Middleby in the third quarter valued at approximately $27,000. Larson Financial Group LLC lifted its stake in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after buying an additional 181 shares in the last quarter. Finally, 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. 98.55% of the stock is owned by institutional investors and hedge funds.

Key Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Management announced a share buyback alongside the corporate actions, which supports shareholder returns and signals management confidence in free cash flow and capital allocation priorities. Middleby (MIDD) Is Down 5.1% After Food Processing Spin-Off, Buyback Reveal Sharper Focus
• Neutral Sentiment: Zacks Research published a set of forward EPS models and kept a “Hold” rating on MIDD while projecting growth over the next several years (FY2026 ~9.28 EPS, FY2027 ~10.17 EPS, FY2028 ~10.86 EPS). Higher multi‑year EPS forecasts are constructive for long‑term valuation but the “Hold” rating and lack of an immediate upgrade leave near‑term sentiment mixed.
• Negative Sentiment: The planned spin‑off of the food‑processing segment appears to have raised investor concern about near‑term revenue visibility, execution risk and the timeline for value realization, contributing to selling pressure after the announcement. Middleby (MIDD) Is Down 5.1% After Food Processing Spin-Off, Buyback Reveal Sharper Focus

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.