18,470 Shares in The Middleby Corporation $MIDD Purchased by Broyhill Asset Management LLC

Broyhill Asset Management LLC bought a new stake in The Middleby Corporation (NASDAQ:MIDD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,470 shares of the industrial products company’s stock, valued at approximately $2,455,000. Middleby comprises approximately 2.2% of Broyhill Asset Management LLC’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP raised its position 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 valued at $30,000 after buying an additional 130 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Middleby during the second quarter worth approximately $30,000. TFC Financial Management Inc. boosted its position in 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 acquiring an additional 230 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Middleby in the 3rd quarter worth approximately $46,000. Finally, EverSource Wealth Advisors LLC grew its stake in Middleby by 280.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 241 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Price Performance

MIDD opened at $143.08 on Friday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of -24.97 and a beta of 1.37. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $169.44. The company’s 50-day moving average price is $155.54 and its 200 day moving average price is $140.89. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.13). Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The company had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, sell-side analysts expect that The Middleby Corporation will post 9.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MIDD shares. Canaccord Genuity Group set a $187.00 price target on Middleby and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Zacks Research cut Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Robert W. Baird raised their target price on shares of Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. KeyCorp boosted their price objective on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.17.

About Middleby

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.