Zacks Research Issues Negative Outlook for Middleby Earnings

The Middleby Corporation (NASDAQ:MIDD - Free Report) - Stock analysts at Zacks Research dropped their Q2 2025 earnings estimates for shares of Middleby in a note issued to investors on Thursday, July 10th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings of $2.18 per share for the quarter, down from their prior forecast 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.

MIDD has been the subject of several other reports. Wall Street Zen raised shares of Middleby from a "hold" rating to a "buy" rating in a report on Saturday. Canaccord Genuity Group dropped their target price on shares of Middleby from $200.00 to $186.00 and set a "buy" rating for the company 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 for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird lowered their price objective on shares of Middleby from $188.00 to $162.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Middleby currently has a consensus rating of "Moderate Buy" and an average target price of $168.14.

Middleby Stock Down 0.4%

MIDD stock opened at $149.50 on Monday. Middleby has a 52-week low of $121.70 and a 52-week high of $182.73. The company's 50 day simple moving average is $145.69 and its 200-day simple moving average is $147.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.72 and a quick ratio of 1.73. The firm has a market capitalization of $8.02 billion, a P/E ratio of 18.69 and a beta of 1.57.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.08 earnings per share (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 business had revenue of $906.63 million for the quarter, compared to analyst estimates of $941.46 million. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year.

Institutional Trading of Middleby

Hedge funds have recently modified their holdings of the stock. Burgundy Asset Management Ltd. increased its stake in Middleby by 5.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,604 shares of the industrial products company's stock valued at $244,000 after purchasing an additional 77 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Middleby by 1.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,167 shares of the industrial products company's stock worth $971,000 after acquiring an additional 81 shares during the last quarter. TCTC Holdings LLC boosted its holdings in Middleby by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 169 shares of the industrial products company's stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Middleby by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,472 shares of the industrial products company's stock worth $470,000 after acquiring an additional 95 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in Middleby by 1.6% during the 1st quarter. Xponance Inc. now owns 6,223 shares of the industrial products company's stock worth $946,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 98.55% of the company's stock.

Insider Activity

In other news, Director Edward P. Garden purchased 249,339 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $149.59 per share, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have purchased 640,968 shares of company stock valued at $93,495,270. 6.18% of the stock is currently owned by insiders.

Middleby Company Profile

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.

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