The Middleby Corporation (NASDAQ:MIDD) Receives $160.38 Consensus Price Target from Brokerages

Shares of The Middleby Corporation (NASDAQ:MIDD) have received an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $160.4286.

Several analysts have recently weighed in on MIDD shares. Jefferies Financial Group lowered their price objective on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. JPMorgan Chase & Co. reduced their target price on Middleby from $151.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Zacks Research lowered Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Seaport Research Partners set a $145.00 price objective on Middleby in a report on Wednesday, August 12th. Finally, Canaccord Genuity Group set a $160.00 price objective on Middleby and gave the company a “buy” rating in a report on Tuesday, September 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MIDD. California State Teachers Retirement System boosted its stake in shares of Middleby by 14,843.9% in the 2nd quarter. California State Teachers Retirement System now owns 8,350,225 shares of the industrial products company’s stock valued at $1,436,322,000 after purchasing an additional 8,294,348 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Middleby by 49.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock worth $858,161,000 after purchasing an additional 1,902,957 shares during the period. BlackRock Inc. bought a new stake in Middleby in the second quarter worth $676,035,000. Garden Investment Management L.P. lifted its stake in Middleby by 3.1% in the fourth quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock worth $502,466,000 after purchasing an additional 102,903 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Middleby by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock valued at $320,112,000 after buying an additional 75,047 shares during the period. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby News Summary

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Zacks Research projects EPS growth from $6.84 in fiscal 2026 to $7.44 in fiscal 2027 and $7.99 in fiscal 2028, indicating expectations for improving profitability over the next two years.
• Neutral Sentiment: The firm forecasts quarterly EPS of $1.74 for Q3 2026 and $1.81 for Q4 2026. Its fiscal 2026 estimate of $6.84 is essentially in line with the broader consensus estimate of $6.85, suggesting little near-term earnings surprise.
• Negative Sentiment: Zacks Research reiterated a “Strong Sell” stance on Middleby, which can weigh on investor sentiment and likely contributes to the stock’s decrease. The near-term forecast also implies earnings remain below the company’s longer-term growth potential, with estimated EPS of $1.71 in Q1 2027 before gradually increasing in subsequent quarters.

Middleby Stock Performance

Shares of MIDD opened at $111.75 on Monday. Middleby has a 12-month low of $109.68 and a 12-month high of $180.13. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The company has a market cap of $5.05 billion, a PE ratio of -12.07 and a beta of 1.31. The stock has a 50-day moving average price of $131.41 and a 200-day moving average price of $143.51.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. As a group, equities analysts forecast that Middleby will post 6.85 earnings per share for the current fiscal year.

Middleby Company 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.