Brokerages Set The Middleby Corporation (NASDAQ:MIDD) Price Target at $174.17

Shares of The Middleby Corporation (NASDAQ:MIDD) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $174.1667.

A number of research analysts have weighed in on MIDD shares. Zacks Research lowered Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Canaccord Genuity Group set a $187.00 target price on shares of Middleby and gave the stock a “buy” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. increased their target price on shares of Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. KeyCorp raised their price target on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec grew its position in shares of Middleby by 2.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after purchasing an additional 91 shares in the last quarter. Evoke Wealth LLC lifted its position in Middleby by 5.8% during the fourth quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $288,000 after buying an additional 107 shares in the last quarter. Cresset Asset Management LLC lifted its position in Middleby by 7.6% during the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after buying an additional 107 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after buying an additional 111 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Middleby by 1.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 6,530 shares of the industrial products company’s stock worth $971,000 after buying an additional 114 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Middleby Price Performance

Shares of Middleby stock opened at $150.45 on Monday. The business has a 50 day simple moving average of $155.77 and a two-hundred day simple moving average of $140.82. Middleby has a 12 month low of $110.82 and a 12 month high of $169.44. The stock has a market capitalization of $7.10 billion, a P/E ratio of -26.26 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.57 and a quick ratio of 1.92.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.13). Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The firm had revenue of $334.59 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $2.88 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, analysts predict that Middleby will post 9.11 EPS for the current fiscal year.

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.