Middleby (NASDAQ:MIDD) Stock Price Target Raised at JPMorgan Chase & Co.

Middleby (NASDAQ:MIDD) had its price target lifted by JPMorgan Chase & Co. from $145.00 to $165.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

Several other research analysts also recently commented on the company. Oppenheimer restated an “outperform” rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Royal Bank Of Canada set a $147.00 target price on Middleby in a research report on Tuesday, September 15th. KeyCorp set a $152.00 target price on Middleby in a report on Tuesday, July 14th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Seaport Research Partners set a $145.00 price target on Middleby in a research report on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Middleby currently has a consensus rating of “Moderate Buy” and an average target price of $161.75.

Middleby Price Performance

Middleby stock opened at $136.50 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.00 and a quick ratio of 1.07. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 160.59 and a beta of 1.29. The firm has a 50-day moving average of $111.38 and a two-hundred day moving average of $137.15. Middleby has a 1 year low of $102.14 and a 1 year high of $180.13.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, November 5th. The industrial products company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. Middleby had a net margin of 1.24% and a return on equity of 19.42%. The business had revenue of $652.58 million for the quarter, compared to analyst estimates of $634.04 million. During the same period last year, the company posted $2.37 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. On average, research analysts forecast that Middleby will post 7.21 earnings per share for the current year.

Institutional Trading of Middleby

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Middleby in the 2nd quarter worth approximately $676,035,000. Bank of America Corp DE purchased a new stake in Middleby during the 2nd quarter worth approximately $138,803,000. Bank of New York Mellon Corp acquired a new position in Middleby during the 2nd quarter valued at approximately $69,002,000. Cooke & Bieler LP increased its stake in Middleby by 47.6% during the 3rd quarter. Cooke & Bieler LP now owns 932,553 shares of the industrial products company’s stock valued at $96,594,000 after purchasing an additional 300,557 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Middleby by 1,572.9% during the 1st quarter. Renaissance Technologies LLC now owns 205,270 shares of the industrial products company’s stock valued at $27,215,000 after purchasing an additional 193,000 shares in the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Company Profile

Middleby Corporation develops and manufactures equipment for commercial kitchens, food-processing operations and residential kitchens. Its commercial foodservice products include ovens, ranges, fryers, refrigeration systems and food-preparation equipment used by restaurants and other foodservice operators.

The company also supplies industrial equipment to food manufacturers, including systems for cooking, mixing, forming and packaging food products. Its residential kitchen business offers premium appliances such as ranges, ovens, refrigerators and outdoor cooking products.

Middleby serves customers in markets around the world.