Middleby (NASDAQ:MIDD) Sets New 12-Month High – Here’s What Happened

The Middleby Corporation (NASDAQ:MIDD)’s share price reached a new 52-week high on Monday . The company traded as high as $177.86 and last traded at $176.3150, with a volume of 68490 shares changing hands. The stock had previously closed at $175.12.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MIDD shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Canaccord Genuity Group set a $200.00 target price on Middleby in a report on Friday, May 8th. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $168.00) on shares of Middleby in a research report on Friday, May 8th. Robert W. Baird set a $205.00 price target on Middleby in a research note on Friday, May 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $195.00 price objective on shares of Middleby in a report on Tuesday, March 31st. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $191.62.

Middleby Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The stock’s fifty day simple moving average is $156.08 and its 200-day simple moving average is $151.73. The company has a market capitalization of $7.98 billion, a P/E ratio of -20.83 and a beta of 1.33.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.22. The company had revenue of $839.91 million for the quarter, compared to the consensus estimate of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $2.08 earnings per share. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, equities analysts forecast that The Middleby Corporation will post 9.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Middleby by 49.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock worth $858,161,000 after buying an additional 1,902,957 shares during the last quarter. Garden Investment Management L.P. boosted its position in shares of Middleby by 3.1% in the fourth quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock valued at $502,466,000 after acquiring an additional 102,903 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Middleby by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock worth $320,112,000 after acquiring an additional 75,047 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Middleby by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock worth $220,950,000 after acquiring an additional 58,696 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. increased its position in Middleby by 4.2% during the third quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock worth $194,318,000 after acquiring an additional 59,050 shares during the period. 98.55% of the stock is owned by institutional investors.

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.