SG Americas Securities LLC Reduces Position in The Middleby Corporation $MIDD

SG Americas Securities LLC decreased its position in The Middleby Corporation (NASDAQ:MIDD) by 23.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 34,192 shares of the industrial products company’s stock after selling 10,261 shares during the period. SG Americas Securities LLC owned about 0.07% of Middleby worth $4,533,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MIDD. Hsbc Holdings PLC bought a new stake in Middleby in the 4th quarter worth $2,464,000. Corient Private Wealth LLC raised its stake in shares of Middleby by 107.0% during the fourth quarter. Corient Private Wealth LLC now owns 16,201 shares of the industrial products company’s stock valued at $2,409,000 after acquiring an additional 8,373 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Middleby in the fourth quarter worth about $249,000. Kera Capital Partners Inc. increased its holdings in Middleby by 44.9% during the 4th quarter. Kera Capital Partners Inc. now owns 2,589 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 802 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in Middleby by 4,256.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after purchasing an additional 705,560 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MIDD shares. Robert W. Baird set a $205.00 price objective on Middleby in a report on Friday, May 8th. Oppenheimer assumed coverage on Middleby in a report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 target price for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Barclays reiterated an “overweight” rating and issued a $190.00 price target (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Finally, 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. Seven 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.62.

Middleby Stock Down 0.2%

Shares of NASDAQ:MIDD opened at $173.02 on Tuesday. The firm has a market capitalization of $7.82 billion, a P/E ratio of -20.40 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. The stock has a 50 day moving average price of $153.72 and a 200-day moving average price of $150.95. The Middleby Corporation has a 52-week low of $110.82 and a 52-week high of $176.44.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $777.19 million. During the same period in the prior year, the firm earned $2.08 EPS. The company’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. As a group, equities research analysts anticipate that The Middleby Corporation will post 9.58 EPS for the current fiscal year.

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.