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

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $189.7143.

MIDD has been the subject of several recent analyst reports. Zacks Research cut Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. KeyCorp upped their target price on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group restated a “buy” rating and set a $195.00 target price on shares of Middleby in a research note on Tuesday, March 31st. Finally, Canaccord Genuity Group set a $200.00 target price on Middleby in a research note on Friday, May 8th.

Institutional Investors Weigh In On Middleby

Several institutional investors and hedge funds have recently added to or reduced their stakes in MIDD. Price T Rowe Associates Inc. MD lifted its stake in Middleby by 49.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock worth $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Middleby by 1,046.4% in the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock valued at $135,394,000 after acquiring an additional 929,688 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Middleby by 4,256.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after acquiring an additional 705,560 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Middleby in the 3rd quarter valued at $55,260,000. Finally, Cooke & Bieler LP bought a new position in shares of Middleby in the 4th quarter valued at $48,113,000. 98.55% of the stock is currently owned by institutional investors.

Middleby Trading Up 2.0%

Shares of NASDAQ:MIDD opened at $148.09 on Friday. The company has a market capitalization of $6.70 billion, a P/E ratio of -17.46 and a beta of 1.34. Middleby has a 1 year low of $110.82 and a 1 year high of $169.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The business’s 50 day simple moving average is $141.70 and its 200 day simple moving average is $143.28.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. During the same quarter in the prior year, the business posted $2.08 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, research analysts anticipate that Middleby will post 9.56 EPS for the current fiscal year.

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.