Broyhill Asset Management LLC Purchases 8,045 Shares of The Middleby Corporation $MIDD

Broyhill Asset Management LLC lifted its stake in The Middleby Corporation (NASDAQ:MIDD) by 43.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,515 shares of the industrial products company’s stock after buying an additional 8,045 shares during the period. Middleby makes up approximately 3.5% of Broyhill Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. Broyhill Asset Management LLC owned about 0.05% of Middleby worth $3,942,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MIDD. Torren Management LLC bought a new stake in Middleby during the fourth quarter worth $25,000. Clearstead Advisors LLC lifted its stake in shares of Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Danske Bank A S bought a new position in shares of Middleby in the 3rd quarter valued at $27,000. Larson Financial Group LLC increased its holdings in Middleby by 1,292.9% in 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. Finally, Caitong International Asset Management Co. Ltd increased its holdings in 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 period. 98.55% of the stock is currently owned by institutional investors.

Middleby Stock Up 0.4%

Middleby stock opened at $158.50 on Friday. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of -18.69 and a beta of 1.36. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm has a 50 day simple moving average of $147.23 and a 200 day simple moving average of $147.06.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm had revenue of $839.91 million during the quarter, compared to analyst estimates of $777.19 million. During the same period in the previous year, the business earned $2.08 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. 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, analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on MIDD. Jefferies Financial Group restated a “buy” rating and issued a $195.00 price objective on shares of Middleby in a report on Tuesday, March 31st. Robert W. Baird set a $205.00 target price on Middleby in a research note on Friday, May 8th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Barclays reaffirmed an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Finally, Canaccord Genuity Group set a $200.00 price target on Middleby in a research note on Friday, May 8th. Six investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $189.71.

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.