Squarepoint Ops LLC Cuts Stock Holdings in The Middleby Corporation $MIDD

Key Points

• Squarepoint Ops LLC cut its Middleby stake by 80.9% in the second quarter, selling 64,944 shares and retaining 15,368 shares valued at approximately $2.64 million. Institutional investors collectively own 98.55% of MIDD.
• Middleby exceeded quarterly earnings expectations, reporting $2.35 in EPS versus the $2.09 consensus and revenue of $875.55 million, although revenue declined 10.5% year over year.
• Analyst sentiment is mixed: the stock carries a consensus “Hold” rating with a $160.43 target price, while shares recently traded at $108.31—near their 52-week low of $104.24.

Squarepoint Ops LLC decreased its position in The Middleby Corporation (NASDAQ:MIDD - Free Report) by 80.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,368 shares of the industrial products company's stock after selling 64,944 shares during the quarter. Squarepoint Ops LLC's holdings in Middleby were worth $2,643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC boosted its holdings in Middleby by 201.8% during the fourth 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. purchased a new stake in Middleby in the 2nd quarter valued at about $27,000. Danske Bank A S purchased a new stake in Middleby in the 3rd quarter valued at about $27,000. Larson Financial Group LLC lifted its position in shares of 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 in the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in shares of Middleby by 553.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company's stock worth $29,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company's stock.

Middleby Stock Performance

Shares of MIDD stock opened at $108.31 on Monday. The Middleby Corporation has a 1 year low of $104.24 and a 1 year high of $180.13. The company's fifty day simple moving average is $124.88 and its two-hundred day simple moving average is $141.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -11.70 and a beta of 1.31.

Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.26. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.The business had revenue of $875.55 million for the quarter, compared to analysts' expectations of $836.99 million. During the same quarter in the prior year, the firm posted $2.35 EPS. The firm's quarterly revenue was down 10.5% on a year-over-year basis. 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 anticipate that The Middleby Corporation will post 6.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MIDD. Oppenheimer reaffirmed an "outperform" rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. Jefferies Financial Group cut their price objective on Middleby from $200.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. Canaccord Genuity Group set a $160.00 price objective on Middleby and gave the company a "buy" rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. decreased their target price on Middleby from $151.00 to $141.00 and set a "neutral" rating for the company in a research report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Middleby from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $160.43.

Middleby Profile

Middleby Corporation is a global manufacturer of commercial foodservice, residential kitchen, and food processing equipment. Its products are used by restaurants, hotels, institutional kitchens, food retailers, and food manufacturers around the world.

The company's commercial foodservice portfolio includes cooking, baking, frying, refrigeration, ventilation, beverage, and food preparation equipment. Its residential brands offer cooking appliances, refrigeration, outdoor kitchen products, and related specialty equipment.

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