Allspring Global Investments Holdings LLC Makes New Investment in The Middleby Corporation $MIDD

Key Points

• Allspring Global Investments bought 79,461 shares (~$11.98M), equal to about 0.16% ownership of Middleby, while institutional investors hold roughly 98.55% of the stock.
• Wall Street sentiment is a "Moderate Buy" with six Buy, two Hold and one Sell ratings and an average price target of $177.14, following several recent target increases.
• Recent results & guidance: Middleby reported quarterly EPS of $2.42 (above estimates) and issued FY2026 EPS guidance of 9.20–9.36, near analyst forecasts of about 9.11 EPS.

Allspring Global Investments Holdings LLC bought a new stake in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 79,461 shares of the industrial products company's stock, valued at approximately $11,980,000. Allspring Global Investments Holdings LLC owned 0.16% of Middleby as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MIDD. Danske Bank A S acquired a new position in Middleby in the third quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Middleby in the 2nd quarter valued at about $30,000. TFC Financial Management Inc. increased its holdings in Middleby by 23,000.0% in the 3rd quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company's stock valued at $31,000 after buying an additional 230 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Middleby by 135.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company's stock valued at $33,000 after buying an additional 141 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Middleby in the 3rd quarter valued at approximately $46,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MIDD has been the subject of several recent analyst reports. Jefferies Financial Group restated a "buy" rating and set a $195.00 target price on shares of Middleby in a research note on Tuesday, March 31st. Weiss Ratings reiterated a "sell (d)" rating on shares of Middleby in a research note on Monday, December 29th. KeyCorp boosted their price target on Middleby from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Robert W. Baird upped their price objective on Middleby from $159.00 to $197.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on Middleby from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $177.14.

Middleby Stock Performance

Shares of MIDD stock opened at $132.09 on Monday. The stock has a market capitalization of $6.23 billion, a PE ratio of -23.05 and a beta of 1.41. The business's 50 day simple moving average is $150.56 and its 200 day simple moving average is $140.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.57 and a quick ratio of 1.92. The Middleby Corporation has a one year low of $110.82 and a one year high of $169.44.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.15. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The firm had revenue of $334.59 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $2.88 EPS. The company's revenue was up 4.5% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, research analysts forecast that The Middleby Corporation will post 9.11 earnings per share for the current year.

Middleby Company Profile

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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