Seven Six Capital Management LLC Buys New Stake in The Middleby Corporation $MIDD

Seven Six Capital Management LLC bought a new stake in The Middleby Corporation (NASDAQ:MIDD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,550 shares of the industrial products company’s stock, valued at approximately $1,717,000. Middleby makes up approximately 1.7% of Seven Six Capital Management LLC’s holdings, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Garden Investment Management L.P. lifted its stake in Middleby by 3.1% in the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock valued at $502,466,000 after buying an additional 102,903 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Middleby by 3.3% in the 4th quarter. Squarepoint Ops LLC now owns 132,442 shares of the industrial products company’s stock valued at $19,690,000 after buying an additional 4,169 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Middleby by 116.0% during the 4th quarter. Verition Fund Management LLC now owns 30,218 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 16,229 shares during the period. PEAK6 LLC purchased a new position in shares of Middleby during the 4th quarter worth $764,000. Finally, MML Investors Services LLC lifted its stake in shares of Middleby by 13.2% during the 4th quarter. MML Investors Services LLC now owns 3,138 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 367 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Middleby Trading Up 0.9%

Shares of MIDD opened at $165.02 on Wednesday. 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 firm has a market capitalization of $7.46 billion, a P/E ratio of -19.46 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. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $169.44.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.22. The business had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company 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. On average, equities research analysts forecast that The Middleby Corporation will post 9.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MIDD. JPMorgan Chase & Co. increased their price target on Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised Middleby from a “hold” rating to a “buy” rating in a research note on Sunday. Robert W. Baird set a $205.00 price target on Middleby in a research note on Friday, May 8th. Barclays reissued an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Middleby currently has an average rating of “Moderate Buy” and an average target price 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.