Wedge Capital Management L L P NC Acquires 4,449 Shares of The Middleby Corporation $MIDD

Wedge Capital Management L L P NC boosted its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 82,969 shares of the industrial products company’s stock after buying an additional 4,449 shares during the period. Wedge Capital Management L L P NC owned approximately 0.18% of Middleby worth $14,271,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MIDD. Torren Management LLC bought a new position in Middleby during the 4th quarter worth about $25,000. Clearstead Advisors LLC boosted its holdings in Middleby by 201.8% during 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. Elevation Wealth Partners LLC boosted its holdings in Middleby by 553.8% during the second quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 144 shares during the last quarter. Larson Financial Group LLC grew its position in Middleby by 1,292.9% in the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 181 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Middleby in the 3rd quarter valued at $27,000. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Performance

Shares of MIDD stock opened at $118.95 on Thursday. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $180.13. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of -12.85 and a beta of 1.32. The company has a 50-day simple moving average of $148.37 and a 200 day simple moving average of $148.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.26. The firm had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 16.66%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $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 predict that The Middleby Corporation will post 6.81 earnings per share for the current year.

Key Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Q2 results exceeded expectations. Middleby reported adjusted EPS of $2.35 versus the $2.09 consensus estimate and revenue of $875.5 million versus expectations of approximately $837 million. Commercial Foodservice was the primary growth driver, with $630.6 million in sales and 8.3% organic growth. Middleby Q2 Earnings Snapshot
• Positive Sentiment: Share repurchases and the Food Processing separation provide potential support. Middleby repurchased 1.4 million shares during the quarter, or 3.8 million year to date, and completed the spin-off of its Food Processing business into independent company Midera on July 6. The separation is intended to sharpen Middleby’s focus on commercial foodservice and residential equipment. The Middleby Corporation Reports Second Quarter Results
• Neutral Sentiment: JPMorgan retained a Neutral rating but lowered its price target. The firm reduced its target from $151 to $141, still implying substantial upside based on the cited trading level. The change signals that valuation support remains, but near-term catalysts are limited. Benzinga
• Negative Sentiment: Forward guidance fell well short of Wall Street expectations. Middleby forecast third-quarter adjusted EPS of $1.67–$1.83 versus consensus of $1.95 and full-year EPS of $6.73–$6.89 versus $8.48 expected. Full-year revenue guidance of roughly $2.48–$2.53 billion also trailed the approximately $2.9 billion consensus. Tariffs, inflation and margin pressure are weighing on the outlook, while reported net earnings from continuing operations and GAAP EPS declined year over year. Middleby Q2 Earnings Beat Estimates on Commercial Foodservice Strength

Analyst Upgrades and Downgrades

MIDD has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday. Robert W. Baird cut Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. KeyCorp set a $152.00 price target on Middleby in a research note on Tuesday, July 14th. Seaport Research Partners set a $145.00 price objective on Middleby in a research note on Wednesday. Finally, Barclays set a $155.00 target price on shares of Middleby and gave the company an “overweight” rating in a research note on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.62.

Middleby Profile

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.