10,987 Shares in The Middleby Corporation $MIDD Bought by Man Group plc

Key Points

• Man Group bought 10,987 Middleby shares in the second quarter, worth approximately $1.89 million. Institutional investors collectively own 98.55% of the company, with several other firms also initiating or increasing positions.
• Analyst sentiment has weakened, with several firms downgrading the stock or lowering price targets. Middleby has an average rating of “Hold” and a consensus price target of $160.75.
• Middleby’s latest quarterly results exceeded expectations, with EPS of $2.35 versus the $2.09 consensus and revenue of $875.55 million. However, revenue declined 10.5% year over year, and shares opened at $111.60, near their 52-week low.

Man Group plc purchased a new stake in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,987 shares of the industrial products company's stock, valued at approximately $1,890,000.

A number of other large investors have also added to or reduced their stakes in MIDD. Medina Value Partners LLC bought a new position in shares of Middleby during the second quarter valued at about $24,077,272. Polar Asset Management Partners Inc. bought a new stake in shares of Middleby in the second quarter worth about $318,000. Jupiter Topco LLC bought a new stake in shares of Middleby in the second quarter worth about $3,089,000. III Capital Management purchased a new position in Middleby during the 2nd quarter valued at about $1,032,000. Finally, Ancora Advisors LLC bought a new position in Middleby during the 2nd quarter valued at approximately $26,797,000. Institutional investors own 98.55% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MIDD shares. Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a report on Wednesday, August 12th. Weiss Ratings downgraded Middleby from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 18th. Robert W. Baird lowered Middleby from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded shares of Middleby from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Seaport Research Partners set a $145.00 price objective on shares of Middleby in a report on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $160.75.

Middleby Stock Up 0.7%

MIDD stock opened at $111.60 on Wednesday. The Middleby Corporation has a fifty-two week low of $109.68 and a fifty-two week high of $180.13. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of -12.05 and a beta of 1.31. The business's 50 day moving average price is $134.96 and its two-hundred day moving average price is $144.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.99.

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, beating analysts' consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million during the quarter, compared to analysts' expectations of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 EPS. 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, analysts forecast that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.

About Middleby

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.

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