The Middleby Corporation (NASDAQ:MIDD) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Middleby Corporation (NASDAQ:MIDD) have received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $161.3333.

Several research firms recently weighed in on MIDD. JPMorgan Chase & Co. upgraded shares of Middleby from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $125.00 in a research note on Friday, November 7th. Zacks Research upgraded Middleby from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. KeyCorp reissued an “overweight” rating on shares of Middleby in a report on Friday, December 5th. Barclays set a $168.00 price objective on Middleby and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Finally, Canaccord Genuity Group raised their target price on Middleby from $171.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, December 5th.

Insider Transactions at Middleby

In other news, Director Robert A. Nerbonne bought 780 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $128.52 per share, for a total transaction of $100,245.60. Following the transaction, the director owned 21,471 shares in the company, valued at approximately $2,759,452.92. This trade represents a 3.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 6.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Middleby

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its stake in shares of Middleby by 23.7% in the second quarter. Signaturefd LLC now owns 418 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 80 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Middleby by 0.9% in the second quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the industrial products company’s stock worth $1,584,000 after purchasing an additional 100 shares during the period. UMB Bank n.a. grew its position in Middleby by 16.3% in the 2nd quarter. UMB Bank n.a. now owns 742 shares of the industrial products company’s stock valued at $107,000 after buying an additional 104 shares in the last quarter. Cresset Asset Management LLC increased its stake in Middleby by 7.6% during the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after buying an additional 107 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Middleby by 13.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,018 shares of the industrial products company’s stock worth $147,000 after buying an additional 117 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $151.11 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of -34.34 and a beta of 1.39. Middleby has a twelve month low of $110.82 and a twelve month high of $182.73. The business has a 50 day simple moving average of $129.34 and a 200-day simple moving average of $135.56.

Middleby (NASDAQ:MIDD) last released 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 firm had revenue of $982.13 million during the quarter, compared to the consensus estimate of $961.21 million. Middleby had a negative net margin of 5.22% and a positive return on equity of 14.66%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 earnings per share. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. As a group, equities research analysts expect that Middleby will post 9.11 earnings per share for the current year.

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.