The Middleby Corporation $MIDD Position Raised by Broyhill Asset Management LLC

Broyhill Asset Management LLC lifted its position in The Middleby Corporation (NASDAQ:MIDD) by 43.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,515 shares of the industrial products company’s stock after buying an additional 8,045 shares during the period. Middleby comprises 3.5% of Broyhill Asset Management LLC’s portfolio, making the stock its 10th largest holding. Broyhill Asset Management LLC’s holdings in Middleby were worth $3,942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Middleby by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock worth $320,112,000 after purchasing an additional 75,047 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Middleby by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock valued at $220,950,000 after acquiring an additional 58,696 shares in the last quarter. Turtle Creek Asset Management Inc. grew its stake in shares of 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. Earnest Partners LLC grew its stake in shares of Middleby by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 1,329,439 shares of the industrial products company’s stock worth $176,722,000 after buying an additional 9,524 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Middleby by 1,046.4% in the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after buying an additional 929,688 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

Middleby Stock Performance

Shares of NASDAQ MIDD opened at $158.50 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The Middleby Corporation has a 12 month low of $110.82 and a 12 month high of $169.44. The company has a 50 day simple moving average of $147.23 and a two-hundred day simple moving average of $147.06. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -18.69 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the previous year, the business posted $2.08 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on MIDD shares. KeyCorp lifted their price objective on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays restated an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $195.00 target price on shares of Middleby in a report on Tuesday, March 31st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Middleby presently has an average rating of “Moderate Buy” and an average price target of $189.71.

Middleby 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.