The Middleby Corporation (NASDAQ:MIDD) Receives Average Rating of “Hold” from Analysts

Shares of The Middleby Corporation (NASDAQ:MIDD) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $160.5714.

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a report on Monday. Wolfe Research set a $163.00 price objective on Middleby and gave the company an “outperform” rating in a research report on Thursday, September 4th. Canaccord Genuity Group lowered their target price on Middleby from $175.00 to $171.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. upgraded Middleby from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $125.00 in a report on Friday, November 7th.

Institutional Investors Weigh In On Middleby

A number of institutional investors and hedge funds have recently modified their holdings of MIDD. Danske Bank A S bought a new position in Middleby in the third quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Middleby in the 2nd quarter worth $30,000. Allworth Financial LP boosted its position in shares of Middleby by 168.8% in the 2nd quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. TFC Financial Management Inc. grew its stake in shares of Middleby by 23,000.0% during the third quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 230 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Middleby by 135.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. 98.55% of the stock is owned by institutional investors.

Middleby Stock Up 0.4%

Shares of MIDD opened at $118.21 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.56. The company has a market capitalization of $5.95 billion, a P/E ratio of 15.04 and a beta of 1.57. The business’s 50 day simple moving average is $127.29 and its 200-day simple moving average is $136.95. Middleby has a one year low of $110.82 and a one year high of $182.73.

Middleby (NASDAQ:MIDD) last announced its earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.34. Middleby had a return on equity of 14.14% and a net margin of 11.06%.The company had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. During the same period last year, the company posted $2.33 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. As a group, sell-side analysts predict that Middleby will post 9.11 EPS for the current fiscal year.

Middleby Company Profile

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.