Zacks Research Analysts Lift Earnings Estimates for Middleby

The Middleby Corporation (NASDAQ:MIDD) – Equities research analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for Middleby in a research note issued to investors on Tuesday, June 16th. Zacks Research analyst Team now anticipates that the industrial products company will earn $2.26 per share for the quarter, up from their prior forecast of $2.25. The consensus estimate for Middleby’s current full-year earnings is $9.56 per share. Zacks Research also issued estimates for Middleby’s FY2027 earnings at $10.23 EPS.

Several other brokerages also recently issued reports on MIDD. Robert W. Baird set a $205.00 price target on Middleby in a research report on Friday, May 8th. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research report on Sunday. Jefferies Financial Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of Middleby in a report on Tuesday, March 31st. KeyCorp lifted their target price on shares of Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $189.71.

Middleby Price Performance

NASDAQ MIDD opened at $165.02 on Wednesday. Middleby has a fifty-two week low of $110.82 and a fifty-two week high of $169.44. The stock’s 50-day moving average is $148.52 and its two-hundred day moving average is $147.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The firm has a market cap of $7.46 billion, a P/E ratio of -19.46 and a beta of 1.36.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MIDD. Torren Management LLC bought a new position in Middleby in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC raised its position 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 acquiring an additional 111 shares during the last quarter. Danske Bank A S bought a new stake in shares of Middleby during the 3rd quarter valued at $27,000. Larson Financial Group LLC raised its position in shares of Middleby by 1,292.9% during the 4th 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Middleby by 135.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. 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.