The Middleby Corporation (NASDAQ:MIDD) Stock Has Average Target Price of $159.25

Shares of The Middleby Corporation (NASDAQ:MIDD) have received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $159.25.

MIDD has been the subject of a number of research reports. Jefferies Financial Group cut their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings lowered shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price objective on Middleby from $147.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Zacks Research upgraded Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Barclays reiterated an “overweight” rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th.

Institutional Trading of Middleby

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Middleby in the 2nd quarter valued at $676,035,000. Bank of America Corp DE purchased a new position in Middleby in the 2nd quarter valued at $138,803,000. Sei Investments Co. lifted its holdings in Middleby by 6.5% in the 1st quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock valued at $106,514,000 after purchasing an additional 49,228 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Middleby by 14.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 563,554 shares of the industrial products company’s stock worth $74,716,000 after purchasing an additional 72,086 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Middleby by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 431,007 shares of the industrial products company’s stock worth $57,143,000 after purchasing an additional 6,378 shares during the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $107.76 on Tuesday. The firm has a market cap of $4.87 billion, a PE ratio of -11.64 and a beta of 1.32. The firm has a fifty day moving average of $110.28 and a 200 day moving average of $134.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. Middleby has a one year low of $102.14 and a one year high of $180.13.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. During the same period last year, the firm posted $2.35 earnings per share. The company’s revenue 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, research analysts predict that Middleby will post 6.82 EPS for the current fiscal year.

About Middleby

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.