The Middleby Corporation (NASDAQ:MIDD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $163.8333.

Several equities analysts have weighed in on MIDD shares. Barclays set a $168.00 target price on Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. KeyCorp restated an “overweight” rating on shares of Middleby in a research note on Friday, December 5th. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday.

Middleby Trading Down 0.2%

Shares of MIDD opened at $148.53 on Friday. The business’s 50-day moving average price is $136.87 and its 200 day moving average price is $136.59. The stock has a market capitalization of $7.48 billion, a P/E ratio of -33.76 and a beta of 1.39. 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 1-year low of $110.82 and a 1-year high of $182.73.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.34. The firm had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. Middleby had a negative net margin of 5.22% and a positive return on equity of 14.66%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. Analysts expect that Middleby will post 9.11 earnings per share for the current year.

Insider Activity at Middleby

In other Middleby news, Director Robert A. Nerbonne bought 780 shares of the stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $128.52 per share, with a total value of $100,245.60. Following the acquisition, the director owned 21,471 shares of the company’s stock, valued at approximately $2,759,452.92. The trade was a 3.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Middleby

Institutional investors and hedge funds have recently made changes to their positions in the company. Danske Bank A S bought a new stake in shares of Middleby during the 3rd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Middleby in the 2nd quarter valued at approximately $30,000. Allworth Financial LP grew its stake in shares of Middleby by 168.8% in the second 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 position in shares of Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock valued at $31,000 after buying an additional 230 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Company 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.