Middleby (NASDAQ:MIDD) Hits New 1-Year Low – Time to Sell?

The Middleby Corporation (NASDAQ:MIDD)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $104.22 and last traded at $104.9150, with a volume of 91231 shares traded. The stock had previously closed at $105.56.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings cut shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Oppenheimer restated an “outperform” rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. KeyCorp set a $152.00 price objective on Middleby in a report on Tuesday, July 14th. Zacks Research cut Middleby from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Finally, Robert W. Baird downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.50.

Middleby Price Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The stock’s fifty day moving average price is $117.05 and its 200-day moving average price is $136.95. The firm has a market cap of $4.64 billion, a PE ratio of -11.09 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last issued its earnings results 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. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The company had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. During the same period in the prior year, the business posted $2.35 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. 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, equities analysts forecast that The Middleby Corporation will post 6.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Middleby

Several hedge funds and other institutional investors have recently bought and sold shares of MIDD. Versant Capital Management Inc grew its holdings in Middleby by 54.7% in the third quarter. Versant Capital Management Inc now owns 2,686 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 950 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Middleby during the 2nd quarter worth $205,000. Tidal Investments LLC boosted its position in shares of Middleby by 131.3% in the 2nd quarter. Tidal Investments LLC now owns 9,489 shares of the industrial products company’s stock worth $1,632,000 after buying an additional 5,386 shares in the last quarter. Engineers Gate Manager LP grew its stake in Middleby by 514.9% in the 2nd quarter. Engineers Gate Manager LP now owns 10,699 shares of the industrial products company’s stock valued at $1,840,000 after acquiring an additional 8,959 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Middleby during the 2nd quarter valued at about $55,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Company Profile

Middleby Corporation is a manufacturer of commercial, residential and industrial foodservice equipment. The company serves restaurants, hotels, institutional kitchens, food retailers, food processors and consumers through a portfolio of equipment brands and product lines.

Its commercial foodservice products include ovens, ranges, fryers, griddles, cooking systems, refrigeration equipment, ventilation systems, beverage equipment and food-preparation solutions. Middleby also provides equipment for commercial dishwashing, baking and other specialized kitchen applications.

The company’s residential portfolio includes premium kitchen appliances such as ranges, ovens, refrigerators, ventilation products, outdoor cooking equipment and specialty appliances.