Middleby (NASDAQ:MIDD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Middleby (NASDAQ:MIDD) had its target price hoisted by Canaccord Genuity Group from $152.00 to $160.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Canaccord Genuity Group‘s price objective suggests a potential upside of 16.94% from the stock’s previous close.

A number of other brokerages also recently weighed in on MIDD. Weiss Ratings downgraded Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Oppenheimer reiterated an “outperform” rating and issued a $160.00 target price (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. KeyCorp set a $152.00 price target on shares of Middleby in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price target on shares of Middleby from $147.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Six equities research 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’s stock. According to data from MarketBeat, Middleby currently has an average rating of “Moderate Buy” and an average price target of $159.25.

Middleby Stock Up 5.1%

NASDAQ MIDD traded up $6.68 during midday trading on Friday, hitting $136.82. 395,279 shares of the company traded hands, compared to its average volume of 609,528. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The company has a market cap of $6.19 billion, a PE ratio of -14.72 and a beta of 1.29. The company’s 50-day simple moving average is $110.92 and its 200-day simple moving average is $137.19. Middleby has a 52 week low of $102.14 and a 52 week high of $180.13.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.32. The business had revenue of $652.58 million for the quarter, compared to the consensus estimate of $634.04 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $2.37 EPS. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. As a group, equities research analysts forecast that Middleby will post 6.82 earnings per share for the current year.

Institutional Trading of Middleby

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Middleby during the 2nd quarter valued at about $676,035,000. Bank of America Corp DE acquired a new stake in Middleby in the second quarter worth about $138,803,000. Sei Investments Co. grew its stake in shares of Middleby by 6.5% during the first quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock worth $106,514,000 after acquiring an additional 49,228 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of Middleby by 47.6% during the third quarter. Cooke & Bieler LP now owns 932,553 shares of the industrial products company’s stock worth $96,594,000 after acquiring an additional 300,557 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Middleby by 14.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 563,554 shares of the industrial products company’s stock worth $74,716,000 after acquiring an additional 72,086 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby News Roundup

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Third-quarter EPS of $2.07 beat the roughly $1.75 analyst consensus, while revenue of $652.6 million topped estimates of about $634 million and increased 7.7% year over year. The company also reported record quarterly net sales and 10% growth in adjusted EBITDA. Middleby third-quarter results
• Positive Sentiment: Middleby raised its 2026 EPS guidance to $7.13–$7.29, above the $6.82 consensus estimate; its $2.5 billion revenue outlook was in line with expectations. Middleby guidance and CEO transition
• Neutral Sentiment: Chief Commercial Officer Steve Spittle will succeed Tim FitzGerald as CEO on April 1, 2027. The planned internal transition provides a named successor, though investors may watch for details on strategic continuity. Middleby CEO succession
• Negative Sentiment: Quarterly EPS was below the $2.37 reported a year earlier. Fourth-quarter revenue guidance of $621–$635 million also has a midpoint slightly under the $631.1 million analyst estimate, although the EPS guidance midpoint is above consensus. Middleby earnings report

Middleby Company Profile

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.