JPMorgan Chase & Co. Issues Pessimistic Forecast for Middleby (NASDAQ:MIDD) Stock Price

Middleby (NASDAQ:MIDD) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $180.00 to $150.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 4.87% from the stock’s current price.

Several other equities research analysts have also commented on the company. KeyCorp boosted their price target on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. 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. Jefferies Financial Group reissued a “buy” rating and set a $195.00 price target on shares of Middleby in a research note on Tuesday, March 31st. Wall Street Zen lowered Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Robert W. Baird upped their target price on Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Six 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.57.

Middleby Price Performance

Shares of NASDAQ:MIDD opened at $143.03 on Friday. The business’s 50 day simple moving average is $149.77 and its 200-day simple moving average is $140.87. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of -24.96 and a beta of 1.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.57 and a quick ratio of 1.92. Middleby has a 12 month low of $110.82 and a 12 month high of $169.44.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.27 by $0.15. The business had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.88 EPS. 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, equities analysts forecast that Middleby will post 9.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Middleby

A number of institutional investors and hedge funds have recently bought and sold shares of MIDD. Torren Management LLC purchased a new stake in Middleby in the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC lifted its stake in shares of Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the period. Danske Bank A S purchased a new position in shares of Middleby during the 3rd quarter worth $27,000. Larson Financial Group LLC lifted its stake in shares of Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 181 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Middleby during the 2nd quarter worth $30,000. Hedge funds and other institutional investors 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.