The Middleby Corporation $MIDD Shares Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC grew its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 126.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,856 shares of the industrial products company’s stock after buying an additional 3,271 shares during the period. Fieldview Capital Management LLC’s holdings in Middleby were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MIDD. Invesco Ltd. increased its position in 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. SG Capital Management LLC acquired a new position in Middleby during the 3rd quarter worth approximately $55,260,000. Cooke & Bieler LP acquired a new position in Middleby during the 4th quarter worth approximately $48,113,000. Marshall Wace LLP increased its position in Middleby by 260.0% during the 3rd quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock worth $55,822,000 after purchasing an additional 303,293 shares during the period. Finally, Brandywine Global Investment Management LLC increased its position in Middleby by 804.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 337,939 shares of the industrial products company’s stock worth $50,241,000 after purchasing an additional 300,577 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Stock Performance

MIDD opened at $158.50 on Monday. The stock has a market cap of $7.17 billion, a P/E ratio of -18.69 and a beta of 1.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $147.23 and its 200 day simple moving average is $147.29. The Middleby Corporation has a 1-year low of $110.82 and a 1-year high of $169.44.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The business had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 EPS. 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, equities analysts anticipate that The Middleby Corporation will post 9.56 EPS for the current fiscal year.

Analysts Set New Price Targets

MIDD has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Robert W. Baird set a $205.00 target price on Middleby in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Canaccord Genuity Group set a $200.00 target price on Middleby in a research report on Friday, May 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $195.00 target price on shares of Middleby in a research report on Tuesday, March 31st. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.71.

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.