Oak Thistle LLC Acquires 8,664 Shares of The Middleby Corporation $MIDD

Key Points

• Oak Thistle LLC increased its stake in The Middleby Corporation by 345.9% in Q4, buying 8,664 shares to hold 11,169 shares valued at about $1.66 million.
• Several large institutions also boosted positions—most notably Invesco added ~929,688 shares to own 1,018,536 shares (~$135.4M)—and hedge funds/institutions now own 98.55% of Middleby.
• Analysts have a consensus rating of Moderate Buy with a $177.14 target; Middleby beat Q4 EPS estimates ($2.42 vs. $2.27) and issued FY2026 guidance of 9.200–9.360 EPS while the stock trades near $143.59 (market cap ~$6.77B).

Oak Thistle LLC raised its holdings in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) by 345.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,169 shares of the industrial products company's stock after purchasing an additional 8,664 shares during the quarter. Oak Thistle LLC's holdings in Middleby were worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MIDD. Invesco Ltd. raised its holdings in Middleby by 1,046.4% during the 3rd quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company's stock valued at $135,394,000 after buying an additional 929,688 shares during the period. SG Capital Management LLC purchased a new stake in Middleby during the 3rd quarter valued at $55,260,000. Marshall Wace LLP lifted its holdings in shares of Middleby by 260.0% in the 3rd quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company's stock worth $55,822,000 after acquiring an additional 303,293 shares during the last quarter. Holocene Advisors LP lifted its holdings in shares of Middleby by 397.3% in the 3rd quarter. Holocene Advisors LP now owns 168,875 shares of the industrial products company's stock worth $22,449,000 after acquiring an additional 134,914 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Middleby by 9.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,427,424 shares of the industrial products company's stock worth $189,749,000 after acquiring an additional 123,945 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company's stock.

Analysts Set New Price Targets

MIDD has been the subject of several analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of Middleby in a report on Monday, December 29th. Robert W. Baird raised their target price on shares of Middleby from $159.00 to $197.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. KeyCorp raised their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Wall Street Zen lowered shares of Middleby from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Finally, Canaccord Genuity Group set a $187.00 target price on shares of Middleby and gave the stock a "buy" rating in a report on Tuesday, February 24th. Six 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $177.14.

Middleby Price Performance

Middleby stock opened at $143.59 on Thursday. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of -25.06 and a beta of 1.41. 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 1 year low of $110.82 and a 1 year high of $169.44. The firm has a 50-day moving average of $149.95 and a two-hundred day moving average of $140.73.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.15. The company had revenue of $334.59 million during the quarter, compared to analysts' expectations of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.88 EPS. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. On average, 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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