Redwood Investment Management LLC Takes $1.17 Million Position in The Middleby Corporation $MIDD

Redwood Investment Management LLC acquired a new position in The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,793 shares of the industrial products company’s stock, valued at approximately $1,168,000.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Middleby during the 2nd quarter worth $311,000. Corient Private Wealth LP bought a new position in shares of Middleby in the second quarter worth $14,994,000. Bank of America Corp DE acquired a new position in shares of Middleby during the second quarter valued at $138,803,000. Freestone Grove Partners LP acquired a new position in shares of Middleby during the second quarter valued at $6,504,000. Finally, Caisse de depot et placement du Quebec bought a new stake in shares of Middleby during the second quarter valued at about $464,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. KeyCorp set a $152.00 target price on shares of Middleby in a research report on Tuesday, July 14th. Jefferies Financial Group decreased their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Zacks Research lowered shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Oppenheimer reissued an “outperform” rating and set a $160.00 target price (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Finally, Barclays restated an “overweight” rating and issued a $145.00 target price (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $160.38.

Middleby Stock Performance

Middleby stock opened at $115.44 on Thursday. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $180.13. The firm’s 50 day simple moving average is $139.48 and its 200-day simple moving average is $146.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The company has a market cap of $5.22 billion, a P/E ratio of -12.47 and a beta of 1.32.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. During the same quarter in the prior year, the firm earned $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. As a group, equities research analysts predict that The Middleby Corporation will post 6.85 EPS for the current year.

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.