The Middleby Corporation (NASDAQ:MIDD - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $137.09 and traded as high as $141.43. Middleby shares last traded at $138.00, with a volume of 1,143,228 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Weiss Ratings downgraded Middleby from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 18th. KeyCorp set a $152.00 price target on Middleby in a report on Tuesday, July 14th. Zacks Research raised shares of Middleby from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Canaccord Genuity Group raised their target price on shares of Middleby from $152.00 to $160.00 and gave the company a "buy" rating in a research note on Friday. Finally, Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a research note on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.75.
Read Our Latest Stock Report on MIDD
Middleby Price Performance
The company has a fifty day moving average price of $111.88 and a two-hundred day moving average price of $137.09. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 162.35 and a beta of 1.29.
Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. The firm had revenue of $652.58 million for the quarter, compared to analyst estimates of $634.04 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.37 EPS. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. As a group, equities research analysts anticipate that The Middleby Corporation will post 7.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Middleby
Large investors have recently modified their holdings of the stock. Ritholtz Wealth Management raised its position in Middleby by 2.2% in the 3rd quarter. Ritholtz Wealth Management now owns 4,237 shares of the industrial products company's stock worth $439,000 after purchasing an additional 91 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Middleby by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,094 shares of the industrial products company's stock valued at $188,000 after acquiring an additional 133 shares during the period. Elevation Wealth Partners LLC boosted 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 acquiring an additional 144 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Middleby during the 2nd quarter worth approximately $27,000. Finally, Janney Montgomery Scott LLC grew its holdings in Middleby by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 3,303 shares of the industrial products company's stock valued at $438,000 after purchasing an additional 174 shares during the period. 98.55% of the stock is currently owned by institutional investors.
Middleby Company Profile
(
Get Free Report)
Middleby Corporation develops and manufactures equipment for commercial kitchens, food-processing operations and residential kitchens. Its commercial foodservice products include ovens, ranges, fryers, refrigeration systems and food-preparation equipment used by restaurants and other foodservice operators.
The company also supplies industrial equipment to food manufacturers, including systems for cooking, mixing, forming and packaging food products. Its residential kitchen business offers premium appliances such as ranges, ovens, refrigerators and outdoor cooking products.
Middleby serves customers in markets around the world.
Further Reading
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