Maverick Capital Ltd. Acquires Shares of 8,647 The Middleby Corporation $MIDD

Maverick Capital Ltd. acquired a new position in shares of The Middleby Corporation (NASDAQ:MIDD) in the first quarter, HoldingsChannel.com reports. The fund acquired 8,647 shares of the industrial products company’s stock, valued at approximately $1,146,000.

Several other hedge funds also recently made changes to their positions in MIDD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Middleby by 90.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 205 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Middleby by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock valued at $23,884,000 after purchasing an additional 9,936 shares during the period. Focus Partners Wealth boosted its holdings in Middleby by 344.7% in the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 1,727 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Middleby by 280.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 241 shares during the period. Finally, Cresset Asset Management LLC acquired a new position in Middleby during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Price Performance

Shares of NASDAQ:MIDD opened at $135.09 on Wednesday. The business’s 50 day simple moving average is $152.78 and its 200-day simple moving average is $150.11. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of -15.93 and a beta of 1.33. 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 Middleby Corporation has a 12 month low of $110.82 and a 12 month high of $180.13.

Middleby (NASDAQ:MIDD) last issued 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. The firm had revenue of $839.91 million during 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%.Middleby’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.08 earnings per share. 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, equities analysts forecast that The Middleby Corporation will post 9.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MIDD has been the subject of several recent analyst reports. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a report on Monday, July 20th. JPMorgan Chase & Co. dropped their price objective on Middleby from $185.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Oppenheimer began coverage on Middleby in a report on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 target price for the company. Finally, Canaccord Genuity Group set a $200.00 price target on shares of Middleby in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Middleby currently has an average rating of “Moderate Buy” and an average price target of $173.88.

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.