Pacific Capital Partners Ltd Grows Position in The Middleby Corporation $MIDD

Pacific Capital Partners Ltd raised its stake in The Middleby Corporation (NASDAQ:MIDD) by 34.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,681 shares of the industrial products company’s stock after acquiring an additional 5,555 shares during the quarter. Middleby makes up 3.4% of Pacific Capital Partners Ltd’s portfolio, making the stock its 13th biggest holding. Pacific Capital Partners Ltd’s holdings in Middleby were worth $3,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Beacon Investment Advisory Services Inc. acquired a new position in Middleby in the 4th quarter valued at about $218,000. Balefire LLC boosted its stake in shares of Middleby by 19.2% during the 4th quarter. Balefire LLC now owns 15,003 shares of the industrial products company’s stock worth $2,230,000 after purchasing an additional 2,415 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Middleby by 674.4% during the fourth quarter. SG Americas Securities LLC now owns 44,453 shares of the industrial products company’s stock worth $6,609,000 after buying an additional 38,713 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Middleby by 88.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,532 shares of the industrial products company’s stock valued at $1,178,000 after buying an additional 3,538 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Middleby by 32.4% in the fourth quarter. GAMMA Investing LLC now owns 947 shares of the industrial products company’s stock valued at $141,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Down 1.1%

Shares of MIDD opened at $127.19 on Tuesday. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $169.44. The company’s fifty day moving average is $151.80 and its two-hundred day moving average is $140.76. The firm has a market cap of $6.00 billion, a PE ratio of -22.20 and a beta of 1.36. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.15. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The business had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $2.88 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Analysts forecast that The Middleby Corporation will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on MIDD shares. JPMorgan Chase & Co. lifted their target price on shares of Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Canaccord Genuity Group set a $187.00 price objective on Middleby and gave the company a “buy” rating in a research report on Tuesday, February 24th. Robert W. Baird upped their target price on Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Zacks Research downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.17.

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.