Brokerages Set The Middleby Corporation (NASDAQ:MIDD) Price Target at $178.57

The Middleby Corporation (NASDAQ:MIDD) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $178.5714.

A number of analysts have issued reports on MIDD shares. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Robert W. Baird raised their target price on Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. KeyCorp raised their target price on Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. cut their target price on Middleby from $180.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Zacks Research downgraded Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th.

Middleby Stock Down 1.1%

NASDAQ MIDD opened at $138.87 on Tuesday. The business has a fifty day moving average price of $144.63 and a 200 day moving average price of $141.64. Middleby has a one year low of $110.82 and a one year high of $169.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.57. The company has a market cap of $6.47 billion, a P/E ratio of -24.24 and a beta of 1.35.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The business had revenue of $334.59 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $2.88 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Research analysts anticipate that Middleby will post 9.23 EPS for the current fiscal year.

Institutional Trading of Middleby

A number of hedge funds and other institutional investors have recently modified their holdings of MIDD. Price T Rowe Associates Inc. MD increased its stake 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 worth $858,161,000 after acquiring an additional 1,902,957 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Middleby by 1,046.4% during the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after purchasing an additional 929,688 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Middleby by 4,256.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock valued at $107,361,000 after buying an additional 705,560 shares during the period. SG Capital Management LLC purchased a new stake in Middleby in the 3rd quarter valued at about $55,260,000. Finally, Cooke & Bieler LP acquired a new position in Middleby in the fourth quarter valued at about $48,113,000. 98.55% of the stock is owned by institutional investors and hedge funds.

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.