Middleby (NASDAQ:MIDD) Hits New 12-Month Low – Here’s Why

The Middleby Corporation (NASDAQ:MIDD)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $109.57 and last traded at $109.62, with a volume of 145799 shares. The stock had previously closed at $111.75.

Wall Street Analysts Forecast Growth

Several analysts have commented on MIDD shares. Barclays reaffirmed an “overweight” rating and issued a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Seaport Research Partners set a $145.00 price target on shares of Middleby in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. lowered their price target on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Finally, Weiss Ratings downgraded Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $160.43.

Middleby Trading Up 0.1%

The firm has a fifty day moving average of $127.60 and a two-hundred day moving average of $142.35. The company has a market cap of $4.80 billion, a PE ratio of -11.45 and a beta of 1.31. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 EPS 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 the consensus estimate of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, sell-side analysts predict that The Middleby Corporation will post 6.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Advisors LLC raised its holdings in 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 acquiring an additional 111 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Middleby in the second quarter worth $27,000. Danske Bank A S bought a new position in shares of Middleby in the third quarter worth $27,000. Larson Financial Group LLC grew its position 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 valued at $29,000 after purchasing an additional 181 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its position in shares of Middleby by 553.8% in the second quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 144 shares in the last quarter. 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.