Arrowstreet Capital Limited Partnership Acquires 72,086 Shares of The Middleby Corporation $MIDD

Arrowstreet Capital Limited Partnership increased its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 14.7% in the 1st quarter, HoldingsChannel reports. The firm owned 563,554 shares of the industrial products company’s stock after acquiring an additional 72,086 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Middleby were worth $74,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia acquired a new position in shares of Middleby during the first quarter worth $397,000. Sei Investments Co. boosted its position in shares of Middleby by 6.5% during the 1st quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock valued at $106,514,000 after purchasing an additional 49,228 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Middleby by 15.1% during the 1st quarter. Cetera Investment Advisers now owns 4,923 shares of the industrial products company’s stock worth $653,000 after buying an additional 646 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Middleby in the first quarter worth $67,000. Finally, Kera Capital Partners Inc. grew its stake in Middleby by 16.8% in the first quarter. Kera Capital Partners Inc. now owns 3,023 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 434 shares during the period. Institutional investors own 98.55% of the company’s stock.

Middleby Price Performance

NASDAQ MIDD opened at $133.88 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. The company has a market cap of $6.05 billion, a PE ratio of -15.79 and a beta of 1.33. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $180.13. The firm’s 50-day simple moving average is $153.08 and its two-hundred day simple moving average is $150.38.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $2.08 earnings per share. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Research analysts predict that The Middleby Corporation will post 9.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Oppenheimer began coverage on shares of Middleby in a report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 target price for the company. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a report on Friday, May 8th. KeyCorp set a $152.00 price objective on shares of Middleby in a report on Tuesday, July 14th. Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group dropped their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.88.

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.