Zacks Research Has Bearish Forecast for Middleby Q1 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Zacks Research decreased their Q1 2027 EPS estimates for shares of Middleby in a report issued on Friday, February 13th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $1.86 per share for the quarter, down from their prior estimate of $1.87. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

Several other research firms have also issued reports on MIDD. Canaccord Genuity Group lifted their target price on shares of Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a report on Friday, December 5th. KeyCorp reiterated an “overweight” rating on shares of Middleby in a research note on Friday, December 5th. JPMorgan Chase & Co. increased their target price on Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Barclays set a $168.00 price target on Middleby and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Middleby has a consensus rating of “Moderate Buy” and a consensus price target of $163.83.

Middleby Stock Performance

Shares of Middleby stock opened at $163.93 on Monday. The business has a fifty day simple moving average of $151.65 and a two-hundred day simple moving average of $137.54. The firm has a market capitalization of $8.26 billion, a P/E ratio of -37.26 and a beta of 1.40. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Middleby has a 12 month low of $110.82 and a 12 month high of $182.73.

Hedge Funds Weigh In On Middleby

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Torren Management LLC purchased a new position in shares of Middleby during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC boosted its holdings in Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the last quarter. Danske Bank A S bought a new stake in Middleby in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in 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 buying an additional 181 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Middleby in the 2nd quarter worth $30,000. Institutional investors own 98.55% of the company’s stock.

Insider Buying and Selling at Middleby

In other Middleby news, Director Robert A. Nerbonne acquired 780 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average cost of $128.52 per share, with a total value of $100,245.60. Following the completion of the transaction, the director directly owned 21,471 shares of the company’s stock, valued at approximately $2,759,452.92. This represents a 3.77% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.18% of the stock is owned by corporate insiders.

About Middleby

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.