Havemeyer Place LP Takes $886,000 Position in The Middleby Corporation $MIDD

Havemeyer Place LP acquired a new stake in The Middleby Corporation (NASDAQ:MIDD) during the 4th quarter, Holdings Channel reports. The firm acquired 5,959 shares of the industrial products company’s stock, valued at approximately $886,000.

Several other large investors have also made changes to their positions in MIDD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Middleby by 90.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Middleby by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after buying an additional 9,936 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Middleby by 344.7% in the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after buying an additional 1,727 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Middleby by 280.2% in the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after buying an additional 241 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in shares of Middleby in the second quarter worth about $202,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Trading Up 1.7%

Shares of NASDAQ MIDD opened at $157.54 on Tuesday. The business’s 50 day moving average is $145.02 and its two-hundred day moving average is $146.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44. The stock has a market capitalization of $7.12 billion, a P/E ratio of -18.58 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.22. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The company had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the previous year, the firm posted $2.08 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. 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, research analysts expect that The Middleby Corporation will post 9.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MIDD. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Canaccord Genuity Group set a $200.00 target price on Middleby in a research report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 target price on shares of Middleby in a research report on Tuesday, March 31st. Finally, Robert W. Baird set a $205.00 target price on Middleby in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Middleby presently has an average rating of “Moderate Buy” and an average price target of $189.71.

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.