The Middleby Corporation (NASDAQ:MIDD) Given Average Recommendation of “Hold” by Analysts

The Middleby Corporation (NASDAQ:MIDD) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $160.3750.

Several research firms have recently weighed in on MIDD. Robert W. Baird downgraded shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. reduced their price objective on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Oppenheimer reissued an “outperform” rating and set a $160.00 target price (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Finally, Canaccord Genuity Group set a $157.00 target price on Middleby and gave the stock a “buy” rating in a research report on Wednesday, August 12th.

Middleby Stock Performance

Shares of MIDD opened at $112.75 on Monday. Middleby has a 1 year low of $110.82 and a 1 year high of $180.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The stock’s fifty day moving average price is $137.12 and its two-hundred day moving average price is $145.33. The firm has a market cap of $5.10 billion, a PE ratio of -12.18 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The company had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. During the same quarter in the prior year, the company earned $2.35 EPS. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. 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 Middleby will post 6.85 EPS for the current year.

Institutional Trading of Middleby

A number of institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new position in Middleby during the 4th quarter valued at about $25,000. Clearstead Advisors LLC lifted its holdings 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 worth $25,000 after buying an additional 111 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Middleby in the second quarter valued at approximately $27,000. Danske Bank A S bought a new position in shares of Middleby in the third quarter valued at approximately $27,000. Finally, Larson Financial Group LLC grew its stake in Middleby by 1,292.9% during the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

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.