Sanctuary Advisors LLC Purchases New Position in The Middleby Corporation $MIDD

Sanctuary Advisors LLC acquired a new position in The Middleby Corporation (NASDAQ:MIDD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,356 shares of the industrial products company’s stock, valued at approximately $1,093,000.

Several other hedge funds have also recently made changes to their positions in MIDD. The Manufacturers Life Insurance Company boosted its holdings in Middleby by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 67,926 shares of the industrial products company’s stock valued at $9,006,000 after acquiring an additional 8,524 shares in the last quarter. Sei Investments Co. lifted its position in shares of Middleby by 6.5% in the 1st quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock worth $106,514,000 after purchasing an additional 49,228 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Middleby in the 4th quarter worth about $2,464,000. Fifth Third Bancorp boosted its stake in shares of Middleby by 272.0% during the 1st quarter. Fifth Third Bancorp now owns 32,441 shares of the industrial products company’s stock valued at $4,301,000 after purchasing an additional 23,721 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Middleby by 237.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 24,980 shares of the industrial products company’s stock valued at $3,714,000 after purchasing an additional 17,586 shares in the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Stock Down 1.6%

Shares of Middleby stock opened at $113.61 on Friday. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $180.13. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -12.27 and a beta of 1.32. The company has a 50-day moving average of $138.31 and a 200 day moving average of $145.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.09 by $0.26. The business had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts anticipate that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MIDD has been the subject of a number of research reports. Zacks Research downgraded shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Robert W. Baird cut Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Oppenheimer reiterated an “outperform” rating and set a $160.00 target price (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Seaport Research Partners set a $145.00 target price on Middleby in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lowered their target price on Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.38.

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.