The Middleby Corporation $MIDD Stake Boosted by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 74.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,171 shares of the industrial products company’s stock after buying an additional 28,607 shares during the period. Aquatic Capital Management LLC owned about 0.13% of Middleby worth $8,929,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MIDD. Allworth Financial LP increased 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 worth $30,000 after acquiring an additional 130 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Middleby in the 2nd quarter valued at approximately $30,000. TFC Financial Management Inc. lifted its position in shares of Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 230 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Middleby in the 3rd quarter worth approximately $46,000. Finally, EverSource Wealth Advisors LLC grew its position in Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 241 shares in the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MIDD shares. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price target on Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Zacks Research downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Robert W. Baird raised their price objective on Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.17.

Middleby Trading Down 1.3%

NASDAQ MIDD opened at $143.08 on Monday. 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. The company has a market capitalization of $6.75 billion, a PE ratio of -24.97 and a beta of 1.36. The firm’s fifty day simple moving average is $155.54 and its 200-day simple moving average is $140.95.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.13). Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The firm had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $2.88 EPS. Middleby’s revenue for the quarter 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. As a group, sell-side analysts anticipate that The Middleby Corporation will post 9.11 earnings per share for the current fiscal year.

Middleby 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.