Middleby (NASDAQ:MIDD) Price Target Lowered to $160.00 at Jefferies Financial Group

Middleby (NASDAQ:MIDD) had its price target cut by Jefferies Financial Group from $200.00 to $160.00 in a research report released on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the industrial products company’s stock.

Several other research firms have also recently commented on MIDD. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Barclays restated an “overweight” rating and issued a $190.00 price objective (up from $168.00) on shares of Middleby in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Robert W. Baird set a $205.00 target price on Middleby in a research note on Friday, May 8th. Finally, Oppenheimer initiated coverage on shares of Middleby in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 price objective for the company. Seven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.25.

Middleby Trading Down 5.1%

Shares of Middleby stock opened at $132.22 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96. The company has a market capitalization of $5.98 billion, a P/E ratio of -15.59 and a beta of 1.33. Middleby has a 1 year low of $110.82 and a 1 year high of $180.13. The company’s fifty day moving average is $156.49 and its two-hundred day moving average is $151.81.

Middleby (NASDAQ:MIDD) last announced its 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 business had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the prior year, the company earned $2.08 earnings per share. The business’s 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. Analysts forecast that Middleby will post 9.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Broyhill Asset Management LLC purchased a new position in Middleby during the third quarter worth about $2,455,000. M&T Bank Corp acquired a new stake in shares of Middleby in the fourth quarter worth approximately $15,085,000. Tudor Investment Corp ET AL grew its holdings in Middleby by 45.5% in the third quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock valued at $10,096,000 after purchasing an additional 23,737 shares during the period. Eschler Asset Management LLP purchased a new stake in Middleby in the third quarter valued at approximately $931,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Middleby during the fourth quarter worth approximately $11,980,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

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.