Middleby (NASDAQ:MIDD) Given New $150.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Middleby from $180 to $150 and kept a "neutral" rating, implying roughly a 5% upside from the prior close.
• Analysts remain mixed: the MarketBeat consensus is a "Moderate Buy" with an average target of $178.57 (six Buys, two Holds, one Sell), showing divergence in outlooks and valuations.
• Middleby traded near $142.82 with a $6.74B market cap and a negative P/E (-24.86); it reported $2.42 EPS last quarter (beating estimates) and guided FY2026 EPS to 9.20–9.36 with Q1 guidance of 1.90–2.02.

Middleby (NASDAQ:MIDD - Get Free Report) had its price objective decreased by analysts at JPMorgan Chase & Co. from $180.00 to $150.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 5.03% from the company's previous close.

Several other analysts have also recently weighed in on MIDD. Jefferies Financial Group reissued a "buy" rating and set a $195.00 price target on shares of Middleby in a report on Tuesday, March 31st. Zacks Research downgraded Middleby from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Wall Street Zen downgraded Middleby from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Robert W. Baird boosted their target price on Middleby from $159.00 to $197.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Middleby in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Middleby presently has an average rating of "Moderate Buy" and an average price target of $178.57.

Middleby Stock Performance

Shares of MIDD traded down $2.57 during mid-day trading on Friday, reaching $142.82. The company's stock had a trading volume of 255,067 shares, compared to its average volume of 603,378. The stock has a market cap of $6.74 billion, a P/E ratio of -24.86 and a beta of 1.41. The business has a 50-day simple moving average of $149.86 and a two-hundred day simple moving average of $140.76. The company has a current ratio of 2.57, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77. Middleby has a 1-year low of $110.82 and a 1-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 for the quarter, topping the consensus estimate of $2.27 by $0.15. The business had revenue of $334.59 million during the quarter, compared to analysts' expectations of $1.01 billion. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, equities research analysts anticipate that Middleby will post 9.11 earnings per share for the current fiscal year.

Institutional Trading of Middleby

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in Middleby by 49.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company's stock worth $858,161,000 after purchasing an additional 1,902,957 shares in the last quarter. Garden Investment Management L.P. grew its holdings in shares of Middleby by 3.1% in the fourth quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company's stock valued at $502,466,000 after acquiring an additional 102,903 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Middleby by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company's stock valued at $320,112,000 after acquiring an additional 75,047 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Middleby by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company's stock valued at $220,950,000 after acquiring an additional 58,696 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. grew its holdings in shares of Middleby by 4.2% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company's stock valued at $194,318,000 after acquiring an additional 59,050 shares in the last quarter. 98.55% of the stock is owned by institutional investors.

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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