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

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $191.6250.

Several brokerages have recently commented on MIDD. Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. KeyCorp boosted their price target on shares of Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Oppenheimer initiated coverage on shares of Middleby in a research note on Wednesday. They set an “outperform” rating and a $205.00 price objective on the stock. Finally, Robert W. Baird set a $205.00 target price on shares of Middleby in a research note on Friday, May 8th.

Institutional Trading of Middleby

Several large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Middleby by 49.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Invesco Ltd. lifted its holdings in Middleby by 1,046.4% during the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after buying an additional 929,688 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Middleby by 4,256.3% in 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 buying an additional 705,560 shares during the last quarter. SG Capital Management LLC bought a new position in Middleby in the 3rd quarter valued at $55,260,000. Finally, Cooke & Bieler LP acquired a new stake in shares of Middleby in the 4th quarter valued at $48,113,000. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Performance

NASDAQ:MIDD opened at $172.26 on Wednesday. The firm has a market capitalization of $7.79 billion, a PE ratio of -20.31 and a beta of 1.36. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. Middleby has a 12-month low of $110.82 and a 12-month high of $173.42. The firm has a 50-day moving average price of $150.43 and a 200 day moving average price of $149.04.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.22. The company had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts anticipate that Middleby will post 9.58 earnings per share 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.