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

Shares of The Middleby Corporation (NASDAQ:MIDD) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $189.7143.

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a report on Friday, May 8th. Barclays reiterated an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $195.00 price target on shares of Middleby in a report on Tuesday, March 31st. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st.

Middleby Stock Up 0.9%

Shares of NASDAQ:MIDD opened at $165.02 on Wednesday. The company has a fifty day moving average of $148.52 and a 200-day moving average of $147.94. The company has a market capitalization of $7.46 billion, a PE ratio of -19.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96. Middleby has a 52-week low of $110.82 and a 52-week high of $169.44.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.22. The company 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 for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior 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. On average, equities analysts predict that Middleby will post 9.56 EPS for the current fiscal year.

Institutional Trading of Middleby

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec increased its holdings in Middleby by 2.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after purchasing an additional 91 shares during the period. Root Financial Partners LLC increased its holdings in Middleby by 64.2% in the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 102 shares during the period. Evoke Wealth LLC increased its holdings in Middleby by 5.8% in the fourth quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock valued at $288,000 after purchasing an additional 107 shares during the period. Cresset Asset Management LLC increased its holdings in Middleby by 7.6% in the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 107 shares during the period. Finally, Clearstead Advisors LLC increased its holdings in Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

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.