Quantbot Technologies LP Acquires 13,852 Shares of The Middleby Corporation $MIDD

Quantbot Technologies LP boosted its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 45.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 44,450 shares of the industrial products company’s stock after acquiring an additional 13,852 shares during the period. Quantbot Technologies LP owned 0.09% of Middleby worth $6,401,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in MIDD. Bryce Point Capital LLC bought a new position in Middleby during the second quarter worth about $883,000. Vestor Capital LLC boosted its stake in Middleby by 268.0% during the 2nd quarter. Vestor Capital LLC now owns 3,680 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 2,680 shares during the last quarter. Clarkston Capital Partners LLC grew its holdings in Middleby by 0.6% during the second quarter. Clarkston Capital Partners LLC now owns 692,764 shares of the industrial products company’s stock valued at $99,758,000 after purchasing an additional 4,204 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Middleby in the second quarter valued at approximately $478,000. Finally, Versor Investments LP acquired a new stake in Middleby in the second quarter worth $893,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Middleby from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $140.00 to $125.00 in a research report on Friday, November 7th. Barclays set a $168.00 price target on Middleby and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Zacks Research upgraded Middleby from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Middleby in a research note on Monday. Finally, Canaccord Genuity Group cut their price target on shares of Middleby from $175.00 to $171.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Middleby presently has a consensus rating of “Hold” and an average target price of $160.57.

Middleby Stock Down 0.8%

Middleby stock opened at $117.26 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.64. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $182.73. The company has a fifty day simple moving average of $126.63 and a 200 day simple moving average of $136.31. The company has a market cap of $5.91 billion, a P/E ratio of 14.92 and a beta of 1.39.

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

Middleby 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.