Middleby (NASDAQ:MIDD) Reaches New 12-Month Low – Should You Sell?

The Middleby Corporation (NASDAQ:MIDD) shares hit a new 52-week low during trading on Monday . The company traded as low as $110.48 and last traded at $110.6650, with a volume of 31171 shares. The stock had previously closed at $112.75.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MIDD. JPMorgan Chase & Co. lowered their price objective on Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Zacks Research downgraded Middleby from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Barclays reissued an “overweight” rating and issued a $145.00 price target (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Canaccord Genuity Group set a $160.00 target price on shares of Middleby and gave the company a “buy” rating in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $160.75.

Middleby Stock Up 0.7%

The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $5.05 billion, a PE ratio of -12.05 and a beta of 1.31. The stock has a 50-day moving average of $134.96 and a 200 day moving average of $144.60.

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

Hedge Funds Weigh In On Middleby

Institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its holdings in Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after buying an additional 111 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Middleby in the second quarter valued at about $27,000. Danske Bank A S purchased a new position in Middleby in the third quarter valued at about $27,000. Larson Financial Group LLC grew its position in shares of Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 181 shares during the period. Finally, Elevation Wealth Partners LLC increased its stake in shares of Middleby by 553.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

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.