Jupiter Topco LLC Makes New $3.09 Million Investment in The Middleby Corporation $MIDD

Key Points

• Jupiter Topco LLC acquired 17,950 Middleby shares in the second quarter, worth approximately $3.09 million. Institutional investors collectively own 98.55% of the company.
• Middleby exceeded quarterly expectations with earnings of $2.35 per share versus the $2.09 estimate and revenue of $875.55 million, though revenue declined 10.5% year over year. The company guided for third-quarter EPS of $1.67–$1.83 and full-year EPS of $6.73–$6.89.
• Analysts have a consensus “Hold” rating and an average price target of $160.75, despite Middleby shares opening at $112.44; several firms recently lowered their targets.

Jupiter Topco LLC acquired a new stake in The Middleby Corporation (NASDAQ:MIDD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,950 shares of the industrial products company's stock, valued at approximately $3,089,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its stake in Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company's stock worth $25,000 after purchasing an additional 111 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Middleby during the second quarter valued at about $27,000. Danske Bank A S purchased a new stake in shares of Middleby in the 3rd quarter valued at $27,000. Larson Financial Group LLC increased its stake in Middleby by 1,292.9% during the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company's stock worth $29,000 after buying an additional 181 shares during the period. Finally, Elevation Wealth Partners LLC grew its stake in Middleby by 553.8% during 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 in the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Price Performance

Shares of MIDD opened at $112.44 on Thursday. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of -12.14 and a beta of 1.31. The Middleby Corporation has a fifty-two week low of $109.68 and a fifty-two week high of $180.13. The firm has a 50-day simple moving average of $133.83 and a 200-day simple moving average of $144.24. 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 posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, topping 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% on a year-over-year basis. During the same period last year, the firm earned $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. On average, equities research analysts anticipate that The Middleby Corporation will post 6.85 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Middleby from $151.00 to $141.00 and set a "neutral" rating on the stock in a report on Wednesday, August 12th. KeyCorp set a $152.00 price objective on shares of Middleby in a research note on Tuesday, July 14th. Jefferies Financial Group cut their target price on Middleby from $200.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. Seaport Research Partners set a $145.00 target price on Middleby in a research report on Wednesday, August 12th. Finally, Oppenheimer restated an "outperform" rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $160.75.

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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