SG Americas Securities LLC Grows Holdings in The Middleby Corporation $MIDD

Key Points

• SG Americas Securities LLC boosted its stake in The Middleby Corporation by 674.4% in Q4, adding 38,713 shares to hold 44,453 shares worth about $6.61 million (0.09% of the company).
• Analyst sentiment is mildly positive: MarketBeat shows a consensus rating of "Moderate Buy" with a $177.14 average price target, and several firms (Jefferies, Robert W. Baird, KeyCorp) recently raised targets or kept buy/outperform ratings.
• Middleby beat quarterly EPS expectations ($2.42 vs. $2.27) despite revenue coming in below the cited consensus, and management set FY2026 guidance of 9.200–9.360 EPS with Q1 guidance of 1.900–2.020 EPS.

SG Americas Securities LLC lifted its position in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) by 674.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,453 shares of the industrial products company's stock after acquiring an additional 38,713 shares during the quarter. SG Americas Securities LLC owned 0.09% of Middleby worth $6,609,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Danske Bank A S acquired a new position in Middleby in the 3rd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Middleby in the second quarter valued at approximately $30,000. TFC Financial Management Inc. grew its holdings in Middleby by 23,000.0% in the third quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 230 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Middleby by 135.6% in the third 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, EverSource Wealth Advisors LLC increased its position in shares of Middleby by 280.2% in the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company's stock valued at $47,000 after buying an additional 241 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MIDD shares. JPMorgan Chase & Co. increased 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. Wall Street Zen lowered shares of Middleby from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Jefferies Financial Group reaffirmed a "buy" rating and set a $195.00 price objective on shares of Middleby in a report on Tuesday. Robert W. Baird lifted their target price on shares of Middleby from $159.00 to $197.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Finally, KeyCorp boosted their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Middleby has a consensus rating of "Moderate Buy" and a consensus price target of $177.14.

Middleby Stock Performance

Shares of NASDAQ:MIDD opened at $132.58 on Wednesday. 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 market capitalization of $6.26 billion, a PE ratio of -23.14 and a beta of 1.36. The business's 50 day moving average price is $151.55 and its 200-day moving average price is $140.75.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.27 by $0.15. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The firm had revenue of $334.59 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $2.88 EPS. The firm'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, equities research analysts expect that The Middleby Corporation will post 9.11 earnings per share for the current fiscal year.

Middleby 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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