ArrowMark Colorado Holdings LLC Sells 144,871 Shares of The Middleby Corporation $MIDD

ArrowMark Colorado Holdings LLC cut its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 52.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,341 shares of the industrial products company’s stock after selling 144,871 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.26% of Middleby worth $17,193,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Clarkston Capital Partners LLC boosted its position in Middleby by 0.6% during the second quarter. Clarkston Capital Partners LLC now owns 692,764 shares of the industrial products company’s stock valued at $99,758,000 after acquiring an additional 4,204 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Middleby in the 2nd quarter worth about $478,000. Olstein Capital Management L.P. lifted its stake in shares of Middleby by 34.2% in the 3rd quarter. Olstein Capital Management L.P. now owns 57,000 shares of the industrial products company’s stock valued at $7,577,000 after purchasing an additional 14,538 shares during the period. Vestor Capital LLC lifted its stake in shares of Middleby by 268.0% in the 2nd quarter. Vestor Capital LLC now owns 3,680 shares of the industrial products company’s stock valued at $530,000 after purchasing an additional 2,680 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Middleby during the 3rd quarter valued at about $11,701,000. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Down 1.3%

Middleby stock opened at $143.08 on Friday. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of -24.97 and a beta of 1.37. The firm’s fifty day moving average price is $155.54 and its two-hundred day moving average price is $140.93. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44. The company has a current ratio of 2.57, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, February 26th. The industrial products company reported $2.14 EPS for the quarter, missing the consensus estimate 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 business had revenue of $334.59 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $2.88 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. On average, equities research analysts predict that The Middleby Corporation will post 9.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MIDD. Canaccord Genuity Group set a $187.00 target price on Middleby and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. boosted their target price 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. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Middleby has an average rating of “Moderate Buy” and an average 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.