Brokerages Set The Middleby Corporation (NASDAQ:MIDD) PT at $187.25

The Middleby Corporation (NASDAQ:MIDD) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $178.25.

A number of brokerages have recently weighed in on MIDD. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Middleby from $185.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. KeyCorp set a $152.00 target price on shares of Middleby in a research note on Tuesday. Finally, Oppenheimer initiated coverage on shares of Middleby in a research report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 target price on the stock.

Middleby Stock Up 3.3%

Shares of MIDD opened at $138.31 on Friday. The company has a market capitalization of $6.25 billion, a P/E ratio of -16.31 and a beta of 1.33. Middleby has a one year low of $110.82 and a one year high of $180.13. The business’s 50 day simple moving average is $155.48 and its 200-day simple moving average is $151.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $2.08 EPS. 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, sell-side analysts predict that Middleby will post 9.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Torren Management LLC bought a new stake in shares of Middleby during the fourth quarter worth $25,000. Clearstead Advisors LLC boosted 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 acquiring an additional 111 shares during the last quarter. Danske Bank A S acquired a new stake in Middleby in the third quarter worth about $27,000. Larson Financial Group LLC raised its holdings in Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its holdings in Middleby by 553.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 144 shares during the last quarter. 98.55% of the stock is currently owned by 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.