The Middleby Corporation (NASDAQ:MIDD) Receives $177.14 Consensus Price Target from Brokerages

The Middleby Corporation (NASDAQ:MIDD) has been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $177.1429.

Several research analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 target price on shares of Middleby in a report on Tuesday, March 31st. Robert W. Baird raised their price objective on shares of Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Canaccord Genuity Group set a $187.00 target price on shares of Middleby and gave the company a “buy” rating in a research note on Tuesday, February 24th. KeyCorp increased their target price on Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th.

Institutional Investors Weigh In On Middleby

A number of institutional investors have recently bought and sold shares of MIDD. Price T Rowe Associates Inc. MD increased its holdings in shares of Middleby by 49.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the period. Garden Investment Management L.P. boosted its holdings in shares of Middleby by 3.1% during the fourth quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after purchasing an additional 102,903 shares during the period. JPMorgan Chase & Co. grew its position in Middleby by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock valued at $320,112,000 after purchasing an additional 75,047 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Middleby by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock valued at $220,950,000 after buying an additional 58,696 shares during the period. Finally, Turtle Creek Asset Management Inc. lifted its position in Middleby by 4.2% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock worth $194,318,000 after buying an additional 59,050 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Price Performance

Shares of Middleby stock opened at $132.09 on Friday. Middleby has a 12-month low of $110.82 and a 12-month high of $169.44. The firm has a market capitalization of $6.23 billion, a PE ratio of -23.05 and a beta of 1.41. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $150.56 and its 200-day moving average is $140.71.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. The business had revenue of $334.59 million during the quarter, compared to analyst estimates of $1.01 billion. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.Middleby’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $2.88 EPS. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Equities analysts anticipate that Middleby will post 9.11 earnings per share 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.