Middleby (NASDAQ:MIDD) Issues Q2 2026 Earnings Guidance

Middleby (NASDAQ:MIDD) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.270-2.390 for the period, compared to the consensus EPS estimate of 2.280. The company issued revenue guidance of $815.0 million-$850.0 million, compared to the consensus revenue estimate of $827.7 million. Middleby also updated its FY 2026 guidance to 9.540-9.700 EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MIDD. JPMorgan Chase & Co. boosted their target price on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday. KeyCorp boosted their target price on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group restated a “buy” rating and issued a $195.00 target price on shares of Middleby in a research report on Tuesday, March 31st. Finally, Barclays restated an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.71.

Middleby Price Performance

NASDAQ:MIDD traded up $6.44 during mid-day trading on Friday, reaching $164.67. The stock had a trading volume of 1,107,763 shares, compared to its average volume of 639,389. The firm has a 50 day moving average price of $143.83 and a two-hundred day moving average price of $141.96. The stock has a market capitalization of $7.68 billion, a P/E ratio of -19.42 and a beta of 1.34. Middleby has a one year low of $110.82 and a one year high of $169.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 1.96.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The business had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, analysts expect that Middleby will post 9.23 earnings per share for the current year.

Key Stories Impacting Middleby

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby beat Q1 estimates, with stronger-than-expected sales and earnings driven by strength in its Food Processing segment. MIDD Q1 Earnings Beat Estimates on Food Processing Strength
• Positive Sentiment: The company raised guidance for 2026, with full-year adjusted EPS now expected at $9.54 to $9.70, above prior Street expectations, suggesting improving demand trends. Middleby forecasts 2026 adjusted EPS of $9.54 to $9.70 as it advances two-company separation
• Positive Sentiment: Food Processing backlog reached a record $416 million, which points to healthy future demand and supports the bullish reaction in the stock. Middleby tops Q1 estimates, raises outlook as food processing growth speeds up
• Positive Sentiment: JPMorgan raised its price target on MIDD to $185 from $150, reinforcing optimism after the earnings beat, even while keeping a neutral rating. Tickerreport.com
• Neutral Sentiment: Analysts and market commentary also point to the planned Food Processing separation and ongoing share repurchases as additional potential catalysts, but these are longer-term drivers rather than immediate fundamentals. Here’s Why Middleby Stock Jumped Today, and Why Investors Should Pay Attention

Hedge Funds Weigh In On Middleby

A number of large investors have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec increased its stake in Middleby by 2.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock worth $642,000 after purchasing an additional 91 shares during the period. Cresset Asset Management LLC increased its stake in Middleby by 7.6% in the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 107 shares during the period. First Citizens Bank & Trust Co. increased its stake in Middleby by 1.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 6,530 shares of the industrial products company’s stock worth $971,000 after purchasing an additional 114 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Middleby by 135.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 141 shares during the period. Finally, Syon Capital LLC increased its stake in Middleby by 8.3% in the 4th quarter. Syon Capital LLC now owns 2,585 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 199 shares during the period. 98.55% of the stock is owned by hedge funds and other 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.