Concentric Capital Strategies LP Has $6.24 Million Stock Position in The Middleby Corporation $MIDD

Concentric Capital Strategies LP grew its stake in The Middleby Corporation (NASDAQ:MIDD) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,965 shares of the industrial products company’s stock after buying an additional 6,644 shares during the period. Concentric Capital Strategies LP’s holdings in Middleby were worth $6,239,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. AYAL Capital Advisors Ltd acquired a new stake in shares of Middleby in the fourth quarter worth $6,541,000. AQR Capital Management LLC raised its holdings in Middleby by 202.9% in the 4th quarter. AQR Capital Management LLC now owns 182,016 shares of the industrial products company’s stock worth $27,060,000 after acquiring an additional 121,918 shares during the period. Cetera Investment Advisers lifted its position in Middleby by 8.7% during the 4th quarter. Cetera Investment Advisers now owns 4,277 shares of the industrial products company’s stock worth $636,000 after acquiring an additional 344 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Middleby by 5.1% during the fourth quarter. Lazard Asset Management LLC now owns 163,374 shares of the industrial products company’s stock valued at $24,289,000 after acquiring an additional 7,912 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Middleby by 49.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Down 0.2%

Shares of MIDD stock opened at $164.77 on Thursday. The stock has a market cap of $7.45 billion, a P/E ratio of -19.43 and a beta of 1.36. The Middleby Corporation has a one year low of $110.82 and a one year high of $170.73. The stock has a fifty day moving average price of $149.11 and a 200 day moving average price of $148.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. During the same quarter in the previous year, the firm posted $2.08 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. Analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research report on Sunday. Oppenheimer initiated coverage on Middleby in a research report on Wednesday. They issued an “outperform” rating and a $205.00 price objective for the company. Canaccord Genuity Group set a $200.00 price objective on shares of Middleby in a research note on Friday, May 8th. KeyCorp upped 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, Jefferies Financial Group restated a “buy” rating and issued a $195.00 price target on shares of Middleby in a research report on Tuesday, March 31st. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.63.

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.