First Trust Advisors LP Has $517,000 Position in The Middleby Corporation $MIDD

First Trust Advisors LP cut its holdings in The Middleby Corporation (NASDAQ:MIDD) by 95.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,903 shares of the industrial products company’s stock after selling 92,183 shares during the period. First Trust Advisors LP’s holdings in Middleby were worth $517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new position in Middleby in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC boosted its position in shares of Middleby by 201.8% in the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 111 shares during the period. Danske Bank A S acquired a new stake in shares of Middleby in the third quarter worth $27,000. Larson Financial Group LLC grew its stake in shares of Middleby by 1,292.9% in the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 181 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Trading Down 7.9%

Shares of MIDD stock opened at $119.99 on Wednesday. The firm has a fifty day moving average of $149.11 and a 200-day moving average of $148.74. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of -14.15 and a beta of 1.32. The Middleby Corporation has a 52-week low of $110.82 and a 52-week high of $180.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96.

Middleby (NASDAQ:MIDD) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.26. The business had revenue of $875.55 million for the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, equities research analysts forecast that The Middleby Corporation will post 9.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MIDD. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday. Oppenheimer began coverage on shares of Middleby in a report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Middleby from $185.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Barclays set a $155.00 price target on Middleby and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group cut their price target on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

Key Headlines Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby reported second-quarter adjusted EPS of $2.35, ahead of the $2.09 consensus estimate, while revenue of $875.5 million also exceeded expectations of $837.0 million. Commercial Foodservice revenue rose organically 8.3%. The Middleby Corporation Reports Second Quarter Results
• Positive Sentiment: Management said results exceeded the high end of its internal revenue and adjusted EBITDA outlook, raised its post-spin full-year guidance, repurchased 1.4 million shares during the quarter and 3.8 million year to date, and completed the separation of its Food Processing business into independently traded Midera. Middleby Q2 Revenue and Guidance
• Neutral Sentiment: Analysts have a consensus price target of $169.50, implying considerable potential upside from recent trading levels, although the target may not yet reflect the company’s revised outlook. Middleby Consensus Price Target
• Negative Sentiment: Third-quarter EPS guidance of $1.67–$1.83 and revenue guidance of $620–$640 million were well below analyst estimates of $1.95 EPS and $696.6 million revenue. Full-year EPS guidance of $6.73–$6.89 also trailed the $8.48 consensus, while full-year revenue guidance of approximately $2.48–$2.53 billion was below the roughly $2.9 billion analyst forecast.
• Negative Sentiment: Although the adjusted earnings beat was strong, GAAP diluted EPS from continuing operations declined to $1.20 from $1.91 a year earlier, and net earnings from continuing operations fell to $54.2 million from $101.7 million. The mixed earnings quality and sharply below-consensus outlook likely outweighed the quarterly beat. Middleby Tops Q2 Estimates

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.