FY2028 EPS Estimates for Middleby Boosted by Zacks Research

The Middleby Corporation (NASDAQ:MIDD) – Zacks Research boosted their FY2028 earnings estimates for shares of Middleby in a research note issued to investors on Tuesday, October 27th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $8.07 per share for the year, up from their prior forecast of $8.05. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $6.82 per share.

Middleby (NASDAQ:MIDD) last announced its quarterly 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 business had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous 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.

Several other equities research analysts have also issued reports on the company. Weiss Ratings lowered Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Robert W. Baird downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Oppenheimer restated an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their price target on Middleby from $147.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Finally, Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.25.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $115.00 on Wednesday. Middleby has a 1-year low of $102.14 and a 1-year high of $180.13. The business’s 50 day moving average is $109.81 and its two-hundred day moving average is $138.31. The stock has a market capitalization of $5.20 billion, a P/E ratio of -12.42 and a beta of 1.32.

Institutional Trading of Middleby

Hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Middleby in the second quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 144 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Middleby by 64.2% in the 1st quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 102 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Middleby in the 2nd quarter worth $37,000. Finally, IFP Advisors Inc grew its stake in Middleby by 1,507.4% during the 3rd quarter. IFP Advisors Inc now owns 434 shares of the industrial products company’s stock worth $45,000 after buying an additional 407 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Company Profile

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.