The Middleby Corporation (NASDAQ:MIDD) Given Average Rating of “Moderate Buy” by Analysts

The Middleby Corporation (NASDAQ:MIDD) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $189.7143.

A number of brokerages recently issued reports on MIDD. 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 note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Canaccord Genuity Group set a $200.00 price objective on Middleby in a research note 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 note on Tuesday, March 31st. Finally, Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Institutional Investors Weigh In On Middleby

A number of hedge funds and other institutional investors have recently bought and sold shares of MIDD. Torren Management LLC bought a new stake in Middleby during the 4th quarter valued at $25,000. Clearstead Advisors LLC increased its position in shares of Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after buying an additional 111 shares during the period. Danske Bank A S bought a new stake in shares of Middleby during the third quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of Middleby by 1,292.9% during the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after buying an additional 181 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after buying an additional 141 shares during the period. Institutional investors own 98.55% of the company’s stock.

Middleby Trading Up 2.5%

NASDAQ:MIDD opened at $154.44 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $6.98 billion, a PE ratio of -18.21 and a beta of 1.34. The firm’s 50 day moving average is $142.17 and its 200 day moving average is $144.04. Middleby has a 12 month low of $110.82 and a 12 month high of $169.44.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The company had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. Middleby’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous 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. Sell-side analysts expect that Middleby will post 9.56 earnings per share for the current 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.