Equities Analysts Issue Forecasts for Middleby Q4 Earnings

The Middleby Corporation (NASDAQ:MIDD) – Zacks Research decreased their Q4 2027 earnings estimates for Middleby in a research note issued to investors on Tuesday, December 30th. Zacks Research analyst Team now anticipates that the industrial products company will earn $2.59 per share for the quarter, down from their previous forecast of $2.60. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

A number of other equities research analysts have also commented on the company. Barclays set a $168.00 price target on Middleby and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Wolfe Research set a $163.00 target price on shares of Middleby and gave the stock an “outperform” rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. upgraded shares of Middleby from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $125.00 in a report on Friday, November 7th. Finally, Canaccord Genuity Group boosted their price objective on shares of Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Middleby presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.33.

Middleby Price Performance

Shares of MIDD opened at $148.67 on Friday. The stock has a market cap of $7.49 billion, a P/E ratio of -33.79 and a beta of 1.38. The stock’s 50-day moving average price is $130.62 and its two-hundred day moving average price is $135.87. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Middleby has a 1 year low of $110.82 and a 1 year high of $182.73.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.34. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The company had revenue of $982.13 million for the quarter, compared to the consensus estimate of $961.21 million. During the same quarter in the prior year, the business posted $2.33 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS.

Institutional Investors Weigh In On Middleby

Several institutional investors and hedge funds have recently added to or reduced their stakes in MIDD. Ancora Advisors LLC bought a new position in shares of Middleby in the 1st quarter valued at about $2,707,000. Amundi raised its stake in shares of Middleby by 34.9% during the 1st quarter. Amundi now owns 501,718 shares of the industrial products company’s stock worth $71,329,000 after purchasing an additional 129,864 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Middleby by 90.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after buying an additional 205 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Middleby in the first quarter valued at $819,000. Finally, United Services Automobile Association acquired a new position in Middleby during the first quarter worth $544,000. 98.55% of the stock is owned by institutional investors.

Insider Activity at Middleby

In other Middleby news, Director Robert A. Nerbonne acquired 780 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 21,471 shares in the company, valued at $2,759,452.92. This trade represents a 3.77% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.18% of the stock is currently owned by corporate insiders.

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.