Zacks Research Has Bearish Estimate for Middleby Q2 Earnings

The Middleby Co. (NASDAQ:MIDD - Free Report) - Equities researchers at Zacks Research dropped their Q2 2025 EPS estimates for shares of Middleby in a note issued to investors on Monday, June 9th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $2.19 per share for the quarter, down from their previous estimate of $2.20. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby's FY2025 earnings at $9.16 EPS, FY2026 earnings at $9.73 EPS, Q1 2027 earnings at $2.50 EPS and FY2027 earnings at $11.51 EPS.

Several other research firms also recently issued reports on MIDD. KeyCorp lowered their price objective on Middleby from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Barclays boosted their target price on shares of Middleby from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Wall Street Zen lowered shares of Middleby from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Robert W. Baird reduced their price objective on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Canaccord Genuity Group lowered their target price on Middleby from $200.00 to $186.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Middleby currently has an average rating of "Hold" and a consensus target price of $168.14.

Middleby Price Performance

MIDD traded down $1.89 on Wednesday, reaching $144.82. The stock had a trading volume of 283,568 shares, compared to its average volume of 872,936. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.98 and a beta of 1.61. Middleby has a fifty-two week low of $118.41 and a fifty-two week high of $182.73. The firm has a 50-day moving average of $139.49 and a 200-day moving average of $147.03.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.14. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The firm had revenue of $906.63 million for the quarter, compared to analysts' expectations of $941.46 million. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company's revenue was down 2.2% on a year-over-year basis.

Institutional Investors Weigh In On Middleby

Institutional investors and hedge funds have recently made changes to their positions in the business. Lorne Steinberg Wealth Management Inc. increased its holdings in Middleby by 0.3% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 24,535 shares of the industrial products company's stock worth $3,323,000 after purchasing an additional 70 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in shares of Middleby by 5.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,604 shares of the industrial products company's stock worth $244,000 after buying an additional 77 shares during the period. Principal Securities Inc. increased its stake in shares of Middleby by 16.0% in the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 78 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Middleby by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,651 shares of the industrial products company's stock valued at $224,000 after acquiring an additional 81 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in Middleby by 1.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,167 shares of the industrial products company's stock worth $971,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 98.55% of the company's stock.

Insider Transactions at Middleby

In other news, Director Edward P. Garden purchased 249,339 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $149.59 per share, with a total value of $37,298,621.01. Following the completion of the transaction, the director now owns 3,088,263 shares of the company's stock, valued at $461,973,262.17. The trade was a 8.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 640,968 shares of company stock worth $93,495,270 over the last three months. 6.18% of the stock is owned by company insiders.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.