Cary Street Partners Financial LLC Takes Position in The Middleby Corporation $MIDD

Cary Street Partners Financial LLC bought a new position in shares of The Middleby Corporation (NASDAQ:MIDD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,105 shares of the industrial products company’s stock, valued at approximately $679,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MIDD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Middleby by 90.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Middleby by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after buying an additional 9,936 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Middleby by 344.7% in the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after buying an additional 1,727 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Middleby by 24.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,591 shares of the industrial products company’s stock valued at $2,389,000 after acquiring an additional 3,211 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Middleby by 1.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 10,193 shares of the industrial products company’s stock valued at $1,468,000 after acquiring an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Key Stories Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Analysts raised targets and ratings — Robert W. Baird raised its price target to $197 (outperform) and KeyCorp boosted its target to $190 (overweight); street research upgraded forecasts after the results. These upgrades helped lift sentiment. Analysts Boost Forecasts After Q4
• Positive Sentiment: Q4 EPS beat — Middleby reported $2.42 EPS vs. consensus $2.27, showing underlying profitability strength that supported the stock despite other headwinds. MIDD Beats Q4 Estimates
• Positive Sentiment: New Smart Kitchen Innovation Centre — Middleby launched a Smart Kitchen Innovation Centre, signaling continued investment in product R&D and commercial tech that could drive future wins in foodservice and OEM channels. Smart Kitchen Innovation Centre
• Positive Sentiment: Food‑processing spin‑off leadership named — Middleby named Mark Salman CEO and Mark Bowie COO of the Food Processing business ahead of its planned Q2 2026 separation, a structural move that could unlock value for shareholders. Leadership for Food Processing Spin‑off
• Neutral Sentiment: Updated 2026 revenue target and portfolio optimization — Management outlined a 2026 revenue target of $3.27B–$3.36B as it accelerates portfolio optimization; this clarifies the plan but is lower than some prior street expectations. 2026 Revenue Target & Portfolio Plan
• Neutral Sentiment: Earnings materials posted — Full earnings transcript and slide deck are available for investors who want to dig into segment details and management commentary. Q4 Earnings Transcript & Deck
• Negative Sentiment: Revenue miss and soft revenue guidance — Q4 sales of $866.4M missed the ~$1.01B consensus, and management set Q1 revenue guidance ($760M–$788M) and FY revenue guidance (~$3.3B–$3.4B) well below analyst estimates, which could limit upside until top‑line recovery is visible. Revenue Miss & Soft Guidance
• Negative Sentiment: Profitability nuance — The company reported a negative net margin (reported -5.22%) despite the EPS beat, a metric investors will watch as revenue headwinds and integration costs from portfolio actions play out. Earnings Summary & Metrics

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MIDD. Barclays set a $168.00 target price on shares of Middleby and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Canaccord Genuity Group set a $187.00 price objective on Middleby and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.17.

Middleby Stock Up 1.1%

NASDAQ:MIDD opened at $168.86 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $154.96 and a 200-day moving average of $139.56. The firm has a market capitalization of $8.51 billion, a PE ratio of -29.47 and a beta of 1.40. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. Middleby had a positive return on equity of 13.88% and a negative net margin of 7.44%.The business had revenue of $866.43 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The business’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. Analysts predict that The Middleby Corporation will post 9.11 EPS for the current year.

Insider Activity at Middleby

In other news, Director Robert A. Nerbonne acquired 780 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of $128.52 per share, with a total value of $100,245.60. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.18% 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.