The Middleby Corporation (NASDAQ:MIDD) Stock Has Average Target Price of $159.50 According to Brokerages

Key Points

• Analyst sentiment is mixed: Nine brokerages have a consensus “Hold” rating on Middleby, with six buys, one hold, and two sells. The average 12-month price target is $159.50.
• Middleby shares opened at $108.03, down 2.9%, and remain well below their 12-month high of $180.13. The company has a market capitalization of approximately $4.89 billion.
• Quarterly results exceeded expectations: Middleby reported adjusted EPS of $2.35 versus the $2.09 consensus estimate and revenue of $875.55 million, though revenue declined 10.5% year over year. Institutional investors own 98.55% of the company’s shares.

The Middleby Corporation (NASDAQ:MIDD - Get Free Report) has earned a consensus recommendation of "Hold" from the nine research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $159.50.

A number of analysts have recently issued reports on MIDD shares. JPMorgan Chase & Co. upgraded shares of Middleby from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $141.00 to $147.00 in a report on Tuesday, September 15th. Barclays reiterated an "overweight" rating and issued a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Seaport Research Partners set a $145.00 target price on Middleby in a research note on Wednesday, August 12th. Canaccord Genuity Group set a $160.00 target price on Middleby and gave the company a "buy" rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings lowered Middleby from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 18th.

Middleby Trading Down 2.9%

Shares of MIDD opened at $108.03 on Friday. Middleby has a 12-month low of $104.24 and a 12-month high of $180.13. The firm has a market capitalization of $4.89 billion, a P/E ratio of -11.67 and a beta of 1.31. The firm has a 50-day moving average price of $119.65 and a 200 day moving average price of $138.45. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to the consensus estimate of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm 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. Sell-side analysts forecast that Middleby will post 6.85 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MIDD. Clearstead Advisors LLC increased its position in shares of Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Middleby in the 2nd quarter worth approximately $27,000. Larson Financial Group LLC lifted its holdings in shares of Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company's stock worth $29,000 after acquiring an additional 181 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Middleby by 553.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company's stock worth $29,000 after purchasing an additional 144 shares during the period. Finally, Root Financial Partners LLC boosted its position in shares of Middleby by 64.2% during the 1st quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company's stock worth $35,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 98.55% of the company's stock.

About Middleby

Middleby Corporation is a global manufacturer of commercial foodservice, residential kitchen, and food processing equipment. Its products are used by restaurants, hotels, institutional kitchens, food retailers, and food manufacturers around the world.

The company's commercial foodservice portfolio includes cooking, baking, frying, refrigeration, ventilation, beverage, and food preparation equipment. Its residential brands offer cooking appliances, refrigeration, outdoor kitchen products, and related specialty equipment.

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