The Middleby Corporation (NASDAQ:MIDD) Stock Has Consensus Price Target of $159.25 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Middleby, with six buy ratings, two holds and one sell. The average 12-month price target is $159.25, well above the reported share price of $107.76.
• Middleby’s latest quarterly results exceeded expectations, with adjusted EPS of $2.35 versus the $2.09 consensus and revenue of $875.55 million versus $836.99 million. However, revenue declined 10.5% year over year and the company reported a negative net margin.
• Institutional investors own 98.55% of Middleby’s shares. The stock is trading near its 52-week low of $102.14, while its 200-day moving average stands at $134.42.

Shares of The Middleby Corporation (NASDAQ:MIDD - Get Free Report) have been given an average rating of "Moderate Buy" by the nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $159.25.

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Middleby from $200.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, July 8th. KeyCorp set a $152.00 price objective on shares of Middleby in a report on Tuesday, July 14th. Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Robert W. Baird cut shares of Middleby from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 8th. Finally, Canaccord Genuity Group set a $160.00 target price on shares of Middleby and gave the company a "buy" rating in a research report on Tuesday, September 1st.

Institutional Investors Weigh In On Middleby

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Middleby during the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC raised its holdings in Middleby by 553.8% in 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. Root Financial Partners LLC raised its holdings in Middleby by 64.2% in 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. Allworth Financial LP purchased a new position in Middleby during the second quarter worth approximately $37,000. Finally, IFP Advisors Inc boosted its position in Middleby by 1,507.4% during the third quarter. IFP Advisors Inc now owns 434 shares of the industrial products company's stock worth $45,000 after purchasing an additional 407 shares in the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

Middleby Stock Down 0.0%

Shares of MIDD stock opened at $107.76 on Tuesday. Middleby has a fifty-two week low of $102.14 and a fifty-two week high of $180.13. The firm has a market capitalization of $4.87 billion, a PE ratio of -11.64 and a beta of 1.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99. The stock's 50-day simple moving average is $110.28 and its 200-day simple moving average is $134.42.

Middleby (NASDAQ:MIDD - Get Free Report) last released 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 firm had revenue of $875.55 million during the quarter, compared to the consensus estimate of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. The company's revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities analysts expect that Middleby will post 6.82 earnings per share for the current year.

About Middleby

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.

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