The Middleby Corporation $MIDD is Garden Investment Management L.P.’s Largest Position

Garden Investment Management L.P. lifted its position in The Middleby Corporation (NASDAQ:MIDD) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 3,379,737 shares of the industrial products company’s stock after purchasing an additional 102,903 shares during the quarter. Middleby makes up about 100.0% of Garden Investment Management L.P.’s portfolio, making the stock its largest position. Garden Investment Management L.P. owned approximately 0.07% of Middleby worth $502,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. SG Capital Management LLC purchased a new position in shares of Middleby in the third quarter worth about $55,260,000. Broyhill Asset Management LLC purchased a new position in shares of Middleby in the third quarter worth about $2,455,000. M&T Bank Corp purchased a new position in shares of Middleby in the fourth quarter worth about $15,085,000. Tudor Investment Corp ET AL raised its stake in shares of Middleby by 45.5% in the third quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock worth $10,096,000 after purchasing an additional 23,737 shares during the last quarter. Finally, Eschler Asset Management LLP purchased a new position in shares of Middleby in the third quarter worth about $931,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Stock Up 0.9%

Middleby stock opened at $165.02 on Wednesday. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of -19.46 and a beta of 1.36. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The business’s 50-day moving average price is $148.52 and its 200 day moving average price is $147.94. The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.94 by $0.22. The firm 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%.Middleby’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $2.08 earnings per share. 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, sell-side analysts anticipate that The Middleby Corporation will post 9.56 earnings per share for the current year.

Analyst Ratings Changes

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