Oppenheimer Asset Management Inc. Buys New Stake in The Middleby Corporation $MIDD

Oppenheimer Asset Management Inc. purchased a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,142 shares of the industrial products company’s stock, valued at approximately $3,981,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Middleby by 90.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Middleby by 6.7% during the 1st 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 valued at $23,884,000 after acquiring an additional 9,936 shares during the period. Focus Partners Wealth increased its stake in shares of Middleby by 344.7% in the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 1,727 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Middleby by 280.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 241 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new position in Middleby in the 2nd quarter worth about $202,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Price Performance

MIDD stock opened at $117.91 on Friday. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $180.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The firm has a market capitalization of $5.33 billion, a PE ratio of -12.73 and a beta of 1.32. The business has a 50 day simple moving average of $146.85 and a 200-day simple moving average of $148.10.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The firm had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Equities research analysts anticipate that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Seaport Research Partners set a $145.00 target price on Middleby in a research report on Wednesday. Oppenheimer reissued an “outperform” rating and issued a $160.00 price target (down from $205.00) on shares of Middleby in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a report on Wednesday. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Middleby presently has an average rating of “Moderate Buy” and a consensus target price of $160.38.

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.