What is Zacks Research’s Estimate for Middleby Q1 Earnings?

The Middleby Corporation (NASDAQ:MIDD) – Zacks Research dropped their Q1 2027 earnings estimates for Middleby in a report released on Friday, February 13th. Zacks Research analyst Team now expects that the industrial products company will earn $1.86 per share for the quarter, down from their previous estimate of $1.87. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

A number of other equities analysts also recently commented on MIDD. KeyCorp restated an “overweight” rating on shares of Middleby in a report on Friday, December 5th. JPMorgan Chase & Co. boosted their price objective on shares of Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. Canaccord Genuity Group lifted their target price on shares of Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Barclays set a $168.00 price target on shares of Middleby and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.83.

Middleby Trading Down 0.1%

NASDAQ MIDD opened at $163.93 on Monday. The stock has a market cap of $8.26 billion, a P/E ratio of -37.26 and a beta of 1.40. Middleby has a fifty-two week low of $110.82 and a fifty-two week high of $182.73. The stock has a 50 day simple moving average of $150.94 and a two-hundred day simple moving average of $137.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 2.07.

Insider Buying and Selling at Middleby

In other Middleby news, Director Robert A. Nerbonne purchased 780 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average cost of $128.52 per share, with a total value of $100,245.60. Following the transaction, the director directly owned 21,471 shares in the company, valued at approximately $2,759,452.92. The trade was a 3.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Middleby

A number of institutional investors and hedge funds have recently made changes to their positions in MIDD. Federation des caisses Desjardins du Quebec grew its stake in shares of Middleby by 2.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock worth $642,000 after buying an additional 91 shares during the last quarter. Evoke Wealth LLC boosted its holdings in Middleby by 5.8% in the fourth quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 107 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Middleby by 7.6% in the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 107 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 111 shares during the last quarter. Finally, Syon Capital LLC increased its holdings in shares of Middleby by 5.3% during the third quarter. Syon Capital LLC now owns 2,386 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

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.