Quadrature Capital Ltd Makes New Investment in The Middleby Corporation $MIDD

Quadrature Capital Ltd bought a new position in shares of The Middleby Corporation (NASDAQ:MIDD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,602 shares of the industrial products company’s stock, valued at approximately $1,815,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Middleby during the second quarter valued at approximately $30,000. Allworth Financial LP boosted its position in Middleby by 168.8% in the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. AdvisorShares Investments LLC bought a new position in Middleby in the 2nd quarter valued at $37,000. Abound Wealth Management increased its position in shares of Middleby by 157.5% during the 2nd quarter. Abound Wealth Management now owns 309 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 189 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Middleby during the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Stock Performance

NASDAQ MIDD opened at $118.21 on Friday. The firm has a market cap of $5.95 billion, a P/E ratio of 15.04 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $127.29 and its 200-day moving average is $136.86. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $182.73.

Middleby (NASDAQ:MIDD) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.34. The business had revenue of $982.13 million during the quarter, compared to analyst estimates of $961.21 million. Middleby had a net margin of 11.06% and a return on equity of 14.14%. Middleby’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 EPS. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. Sell-side analysts predict that The Middleby Corporation will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. raised shares of Middleby from an “underweight” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $125.00 in a research report on Friday, November 7th. Wolfe Research set a $163.00 price target on shares of Middleby and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Finally, Barclays set a $168.00 price objective on Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $160.57.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.