Heartland Advisors Inc. Takes Position in The Middleby Corporation $MIDD

Heartland Advisors Inc. acquired a new position in The Middleby Corporation (NASDAQ:MIDD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,599 shares of the industrial products company’s stock, valued at approximately $5,607,000. Heartland Advisors Inc. owned 0.07% of Middleby at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MIDD. Torren Management LLC purchased a new stake in Middleby in the fourth quarter valued at $25,000. Clearstead Advisors LLC raised its stake in shares of Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after buying an additional 111 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Middleby in the 2nd quarter valued at about $27,000. Danske Bank A S acquired a new position in shares of Middleby in the 3rd quarter valued at about $27,000. Finally, Larson Financial Group LLC boosted 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 buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Price Performance

Shares of Middleby stock opened at $115.48 on Friday. The firm has a market cap of $5.22 billion, a PE ratio of -12.47 and a beta of 1.32. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $180.13. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $142.46 and a 200 day moving average price of $146.90.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.Middleby’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Sell-side analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MIDD has been the subject of several recent research reports. Weiss Ratings cut Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Seaport Research Partners set a $145.00 price objective on Middleby in a research report on Wednesday, August 12th. Canaccord Genuity Group set a $157.00 price objective on shares of Middleby and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group cut their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Zacks Research cut shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.38.

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.