The Middleby Corporation (NASDAQ:MIDD) Stock Has Average Target Price of $161.75

Key Points

• Analysts rate Middleby a “Moderate Buy”: Six of nine analysts recommend buying, two recommend holding, and one recommends selling; the average 12-month price target is $161.75.
• Quarterly results beat estimates: Middleby reported EPS of $2.07 versus the $1.75 consensus and revenue of $652.58 million versus estimates of $634.04 million. Revenue rose 7.7% year over year.
• The shares traded at $135.16, below the average analyst price target. Recent targets and ratings varied, including JPMorgan raising its target to $165 and Oppenheimer cutting its target to $160.

The Middleby Corporation (NASDAQ:MIDD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $161.75.

Several research analysts recently commented on MIDD shares. Zacks Research raised shares of Middleby from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Oppenheimer restated an "outperform" rating and issued a $160.00 target price (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price objective on Middleby from $145.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, November 6th. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a research note on Wednesday, August 12th. Finally, Canaccord Genuity Group raised their price target on Middleby from $152.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, November 6th.

Middleby Price Performance

Middleby stock traded down $0.28 during midday trading on Friday, reaching $135.16. The company's stock had a trading volume of 398,265 shares, compared to its average volume of 550,900. Middleby has a 52 week low of $102.14 and a 52 week high of $180.13. The company has a current ratio of 2.00, a quick ratio of 1.07 and a debt-to-equity ratio of 1.28. The stock has a market cap of $6.11 billion, a PE ratio of 159.01 and a beta of 1.29. The business has a 50-day moving average price of $113.84 and a 200-day moving average price of $136.86.

Middleby (NASDAQ:MIDD - Get Free Report) last released its earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. Middleby had a net margin of 1.24% and a return on equity of 19.42%. The business had revenue of $652.58 million for the quarter, compared to analyst estimates of $634.04 million. During the same quarter in the previous year, the business earned $2.37 earnings per share. Middleby's revenue for the quarter was up 7.7% on a year-over-year basis. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. On average, sell-side analysts predict that Middleby will post 7.22 EPS for the current year.

Institutional Trading of Middleby

Several institutional investors and hedge funds have recently bought and sold shares of MIDD. Public Employees Retirement System of Ohio bought a new position in Middleby during the second quarter valued at approximately $2,125,000. The Manufacturers Life Insurance Company grew its position in Middleby by 14.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 67,926 shares of the industrial products company's stock worth $9,006,000 after purchasing an additional 8,524 shares during the period. Sei Investments Co. raised its stake in Middleby by 6.5% during the 1st quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company's stock valued at $106,514,000 after buying an additional 49,228 shares during the last quarter. Legal & General Group Plc purchased a new stake in Middleby during the 2nd quarter valued at $9,588,000. Finally, Medina Value Partners LLC bought a new position in shares of Middleby during the 2nd quarter valued at $24,077,272. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Company Profile

Middleby Corporation develops and manufactures equipment for commercial kitchens, food-processing operations and residential kitchens. Its commercial foodservice products include ovens, ranges, fryers, refrigeration systems and food-preparation equipment used by restaurants and other foodservice operators. The company also supplies industrial equipment to food manufacturers, including systems for cooking, mixing, forming and packaging food products. Its residential kitchen business offers premium appliances such as ranges, ovens, refrigerators and outdoor cooking products.

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