Zacks Research Issues Negative Outlook for Middleby Earnings

The Middleby Corporation (NASDAQ:MIDD) – Stock analysts at Zacks Research dropped their Q1 2026 earnings per share estimates for shares of Middleby in a research note issued on Tuesday, October 28th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $1.82 per share for the quarter, down from their previous estimate of $1.90. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s Q1 2027 earnings at $1.71 EPS.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.15. The firm had revenue of $977.86 million for the quarter, compared to the consensus estimate of $979.59 million. Middleby had a net margin of 11.06% and a return on equity of 14.14%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.39 EPS.

A number of other research analysts also recently issued reports on MIDD. Canaccord Genuity Group boosted their price objective on Middleby from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Wolfe Research set a $163.00 price target on Middleby and gave the company an “outperform” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. boosted their target price on shares of Middleby from $125.00 to $140.00 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Barclays reiterated an “overweight” rating and set a $180.00 target price (up previously from $165.00) on shares of Middleby in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Middleby in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby has a consensus rating of “Hold” and an average price target of $165.00.

Middleby Price Performance

MIDD stock opened at $123.14 on Thursday. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 15.67 and a beta of 1.52. The company has a quick ratio of 1.56, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $134.92 and its 200 day simple moving average is $138.92. Middleby has a 12-month low of $118.09 and a 12-month high of $182.73.

Institutional Investors Weigh In On Middleby

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Burgundy Asset Management Ltd. raised its position in shares of Middleby by 5.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,604 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 77 shares during the period. Signaturefd LLC grew its stake in Middleby by 23.7% in the 2nd quarter. Signaturefd LLC now owns 418 shares of the industrial products company’s stock valued at $60,000 after buying an additional 80 shares in the last quarter. TCTC Holdings LLC grew its stake in Middleby by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company’s stock valued at $26,000 after buying an additional 91 shares in the last quarter. Xponance Inc. grew its stake in Middleby by 1.6% in the 1st quarter. Xponance Inc. now owns 6,223 shares of the industrial products company’s stock valued at $946,000 after buying an additional 99 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Middleby by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,020 shares of the industrial products company’s stock valued at $1,675,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

About Middleby

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.