Middleby (NASDAQ:MIDD) Downgraded by Wall Street Zen to “Hold”

Middleby (NASDAQ:MIDD) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating and issued a $195.00 price objective on shares of Middleby in a research report on Tuesday, March 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. KeyCorp boosted their price objective on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Canaccord Genuity Group set a $200.00 price objective on Middleby in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $189.71.

Middleby Trading Down 0.5%

Shares of NASDAQ:MIDD opened at $154.93 on Friday. Middleby has a 12-month low of $110.82 and a 12-month high of $169.44. The company has a market capitalization of $7.00 billion, a PE ratio of -18.27 and a beta of 1.36. The business has a 50 day moving average of $144.55 and a two-hundred day moving average of $145.53. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data 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. The business had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, analysts forecast that Middleby will post 9.56 EPS for the current year.

Institutional Trading of Middleby

Large investors have recently made changes to their positions in the company. SG Capital Management LLC purchased a new stake in shares of Middleby during the third quarter worth approximately $55,260,000. Broyhill Asset Management LLC purchased a new stake in shares of Middleby during the third quarter worth approximately $2,455,000. M&T Bank Corp purchased a new stake in shares of Middleby during the fourth quarter worth approximately $15,085,000. Tudor Investment Corp ET AL increased its position in shares of Middleby by 45.5% during the third quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock worth $10,096,000 after purchasing an additional 23,737 shares in the last quarter. Finally, Eschler Asset Management LLP purchased a new stake in shares of Middleby during the third quarter worth approximately $931,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

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.