Middleby (NASDAQ:MIDD) Hits New 12-Month High – Time to Buy?

The Middleby Corporation (NASDAQ:MIDD) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $169.71 and last traded at $170.6040, with a volume of 158236 shares. The stock had previously closed at $165.02.

Wall Street Analysts Forecast Growth

MIDD has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a report on Friday, May 1st. Barclays reissued an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Oppenheimer initiated coverage on shares of Middleby in a report on Wednesday. They set an “outperform” rating and a $205.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and set a $195.00 price target on shares of Middleby in a report on Tuesday, March 31st. Finally, Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Middleby has an average rating of “Moderate Buy” and an average target price of $191.63.

Middleby Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $7.67 billion, a PE ratio of -20.00 and a beta of 1.36. The stock’s fifty day simple moving average is $148.52 and its 200-day simple moving average is $147.94.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. During the same period last year, the company posted $2.08 earnings per share. The firm’s quarterly 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. On average, research analysts predict that The Middleby Corporation will post 9.56 earnings per share for the current fiscal year.

Institutional Trading of Middleby

Several large investors have recently modified their holdings of MIDD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Middleby by 90.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Middleby by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock valued at $23,884,000 after purchasing an additional 9,936 shares during the last quarter. Focus Partners Wealth grew its position in shares of Middleby by 344.7% in the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 1,727 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Middleby by 280.2% during the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 241 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in Middleby during the second quarter worth approximately $202,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

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.