OneDigital Investment Advisors LLC Acquires New Shares in The Middleby Corporation $MIDD

OneDigital Investment Advisors LLC purchased a new position in shares of The Middleby Corporation (NASDAQ:MIDD) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 4,446 shares of the industrial products company’s stock, valued at approximately $765,000.

Several other institutional investors and hedge funds have also made changes to their positions in MIDD. Torren Management LLC purchased a new stake in shares of Middleby in the fourth quarter valued at about $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 worth $25,000 after purchasing an additional 111 shares during the last quarter. Danske Bank A S acquired a new position in shares of Middleby during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC lifted its stake in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after buying an additional 181 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in Middleby by 553.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock valued at $29,000 after buying an additional 144 shares in the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Stock Performance

Shares of MIDD stock opened at $114.00 on Wednesday. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $180.13. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of -12.31 and a beta of 1.32. The company has a 50-day simple moving average of $145.05 and a 200 day simple moving average of $147.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The business had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. During the same period in the previous year, the company posted $2.35 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, sell-side analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Seaport Research Partners set a $145.00 price objective on Middleby in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research note on Wednesday, July 29th. Robert W. Baird lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Finally, Zacks Research lowered shares of Middleby from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Middleby presently has a consensus rating of “Hold” and a consensus price target of $160.38.

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.