The Middleby Corporation (NASDAQ:MIDD) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $159.50.

Several analysts have recently issued reports on MIDD shares. Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Oppenheimer restated an “outperform” rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Zacks Research downgraded shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. KeyCorp set a $152.00 target price on shares of Middleby in a report on Tuesday, July 14th. Finally, Robert W. Baird cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th.

Institutional Trading of Middleby

Several hedge funds have recently modified their holdings of MIDD. BlackRock Inc. acquired a new position in Middleby during the 2nd quarter worth $676,035,000. Garden Investment Management L.P. raised its position in Middleby by 3.1% in the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock valued at $502,466,000 after purchasing an additional 102,903 shares in the last quarter. Bank of America Corp DE acquired a new stake in Middleby in the 2nd quarter valued at about $138,803,000. Sei Investments Co. boosted its stake 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 valued at $106,514,000 after buying an additional 49,228 shares during the period. Finally, Clarkston Capital Partners LLC grew its position in shares of Middleby by 21.5% during the fourth quarter. Clarkston Capital Partners LLC now owns 788,809 shares of the industrial products company’s stock worth $117,272,000 after buying an additional 139,637 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Price Performance

MIDD stock opened at $108.03 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.89 billion, a PE ratio of -11.67 and a beta of 1.31. Middleby has a 12-month low of $104.24 and a 12-month high of $180.13. The business’s fifty day moving average price is $119.65 and its 200 day moving average price is $138.45.

Middleby (NASDAQ:MIDD) last announced its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million during 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%.Middleby’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the business posted $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, sell-side analysts anticipate that Middleby will post 6.85 EPS for the current year.

About Middleby

Middleby Corporation is a global manufacturer of commercial foodservice, residential kitchen, and food processing equipment. Its products are used by restaurants, hotels, institutional kitchens, food retailers, and food manufacturers around the world.

The company’s commercial foodservice portfolio includes cooking, baking, frying, refrigeration, ventilation, beverage, and food preparation equipment. Its residential brands offer cooking appliances, refrigeration, outdoor kitchen products, and related specialty equipment.