Zacks Research Has Negative Outlook of Middleby Q2 Earnings

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Zacks Research decreased their Q2 2025 earnings estimates for shares of Middleby in a report issued on Thursday, July 10th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $2.18 per share for the quarter, down from their prior estimate of $2.19. The consensus estimate for Middleby's current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby's Q4 2025 earnings at $2.62 EPS, FY2025 earnings at $9.14 EPS, Q2 2026 earnings at $2.42 EPS, Q1 2027 earnings at $2.48 EPS, Q2 2027 earnings at $2.85 EPS and FY2027 earnings at $11.47 EPS.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group dropped their target price on shares of Middleby from $200.00 to $186.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp dropped their target price on shares of Middleby from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird dropped their target price on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Middleby from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.14.

Middleby Stock Up 3.0%

Shares of NASDAQ:MIDD traded up $4.25 during trading hours on Monday, reaching $147.37. The stock had a trading volume of 636,437 shares, compared to its average volume of 748,929. Middleby has a 1 year low of $121.70 and a 1 year high of $182.73. The firm's 50 day moving average is $146.43 and its 200-day moving average is $148.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.72. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 18.42 and a beta of 1.57.

Middleby (NASDAQ:MIDD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.14. Middleby had a net margin of 11.26% and a return on equity of 14.47%. The company had revenue of $906.63 million for the quarter, compared to the consensus estimate of $941.46 million. During the same period in the prior year, the firm posted $1.89 EPS. The company's quarterly revenue was down 2.2% compared to the same quarter last year.

Insider Transactions at Middleby

In other Middleby news, Director Edward P. Garden acquired 249,339 shares of the stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $149.59 per share, with a total value of $37,298,621.01. Following the transaction, the director owned 3,088,263 shares of the company's stock, valued at approximately $461,973,262.17. This trade represents a 8.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have acquired 640,968 shares of company stock worth $93,495,270. Company insiders own 6.18% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC boosted its holdings in shares of Middleby by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 2,517 shares of the industrial products company's stock valued at $341,000 after acquiring an additional 173 shares in the last quarter. Garden Investment Management L.P. purchased a new stake in shares of Middleby in the fourth quarter valued at about $101,958,000. Sarasin & Partners LLP purchased a new stake in shares of Middleby in the first quarter valued at about $2,283,000. Vanguard Group Inc. lifted its stake in shares of Middleby by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,260,935 shares of the industrial products company's stock valued at $712,594,000 after purchasing an additional 21,771 shares during the period. Finally, IMC Chicago LLC acquired a new stake in shares of Middleby in the first quarter valued at about $4,069,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

About Middleby

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.