NASDAQ:MIDD - Middleby Stock Price, News, & Analysis

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$126.27 +2.21 (+1.78 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$126.27
Today's Range$123.95 - $126.28
52-Week Range$96.65 - $137.16
Volume315,978 shs
Average Volume395,000 shs
Market Capitalization$7.05 billion
P/E Ratio20.50
Dividend YieldN/A
Beta1.9
The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. This segment provides conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilations, toasters, griddles, mixers, refrigerators, blast chillers, coldrooms, ice machines, and freezers; steam cooking, food warming, catering, induction and countertop cooking, and coffee and beverage dispensing equipment; and stainless steel fabrication and custom millwork products. The company's Food Processing Equipment Group segment offers processing solutions for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. This segment provides batch, baking, proofing, conveyor, and continuous processing ovens; frying and automated thermal processing systems; grinders, slicers, reduction and emulsion systems, mixers, blenders, water cutting systems, food presses, and automated loading and unloading systems; and various battering and breading, seeding, food suspension and forming, food safety and handling, freezing, defrosting, and packaging equipment. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.

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Industry, Sector and Symbol

Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Current SymbolNASDAQ:MIDD
CUSIP59627810
Phone847-741-3300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$7.5883 per share
Book Value$24.34 per share

Profitability

Net Income$298.12 million

Miscellaneous

Employees4,496
Market Cap$7.05 billion
OptionableOptionable

Middleby (NASDAQ:MIDD) Frequently Asked Questions

What is Middleby's stock symbol?

Middleby trades on the NASDAQ under the ticker symbol "MIDD."

When did Middleby's stock split? How did Middleby's stock split work?

Middleby shares split on the morning of Friday, June 27th 2014. The 3-1 split was announced on Friday, May 30th 2014. The newly issued shares were distributed to shareholders after the closing bell on Thursday, June 26th 2014. An investor that had 100 shares of Middleby stock prior to the split would have 300 shares after the split.

How will Middleby's stock buyback program work?

Middleby announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 15th 2017, which permits the company to repurchase 2,500,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

How were Middleby's earnings last quarter?

Middleby Corp (NASDAQ:MIDD) posted its earnings results on Wednesday, August, 8th. The industrial products company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.55 by $0.04. The industrial products company earned $668.13 million during the quarter, compared to analyst estimates of $645.88 million. Middleby had a return on equity of 22.14% and a net margin of 11.45%. The business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $1.35 earnings per share. View Middleby's Earnings History.

When is Middleby's next earnings date?

Middleby is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Middleby.

What price target have analysts set for MIDD?

6 analysts have issued 12 month price objectives for Middleby's shares. Their predictions range from $117.00 to $174.00. On average, they anticipate Middleby's share price to reach $142.40 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Middleby.

What is the consensus analysts' recommendation for Middleby?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middleby in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Middleby.

Has Middleby been receiving favorable news coverage?

Media coverage about MIDD stock has trended somewhat positive on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Middleby earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are some of Middleby's key competitors?

Who are Middleby's key executives?

Middleby's management team includes the folowing people:
  • Mr. Selim A. Bassoul, Chairman, Pres & CEO (Age 62)
  • Mr. Timothy J. FitzGerald, VP & CFO (Age 49)
  • Mr. David Brewer, Chief Operating Officer of Commercial Foodservice Equipment (Age 62)
  • Mr. Martin M. Lindsay, Corp. Treasurer & Assistant Sec. (Age 54)
  • Mr. Bryan E. Mittelman, Chief Accounting Officer (Age 48)

Who are Middleby's major shareholders?

Middleby's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fiera Capital Corp (5.53%), BlackRock Inc. (4.91%), CI Investments Inc. (2.11%), Geode Capital Management LLC (1.02%), Dimensional Fund Advisors LP (0.69%) and Northern Trust Corp (0.63%). Company insiders that own Middleby stock include Gordon Obrien, John R Miller III, Martin M Lindsay, Nassem Ziyad and Robert B Lamb. View Institutional Ownership Trends for Middleby.

Which major investors are selling Middleby stock?

MIDD stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Millennium Management LLC, D. E. Shaw & Co. Inc., Bank of America Corp DE, Alta Capital Management LLC, Fiera Capital Corp, Manor Road Capital Partners LLC and Geode Capital Management LLC. View Insider Buying and Selling for Middleby.

Which major investors are buying Middleby stock?

MIDD stock was bought by a variety of institutional investors in the last quarter, including CI Investments Inc., Epoch Investment Partners Inc., Arrowgrass Capital Partners US LP, Nicholas Company Inc., BlackRock Inc., Dimensional Fund Advisors LP, Mackenzie Financial Corp and Castleark Management LLC. View Insider Buying and Selling for Middleby.

How do I buy shares of Middleby?

Shares of MIDD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Middleby's stock price today?

One share of MIDD stock can currently be purchased for approximately $126.27.

How big of a company is Middleby?

Middleby has a market capitalization of $7.05 billion and generates $2.34 billion in revenue each year. The industrial products company earns $298.12 million in net income (profit) each year or $6.16 on an earnings per share basis. Middleby employs 4,496 workers across the globe.

What is Middleby's official website?

The official website for Middleby is http://www.middleby.com.

How can I contact Middleby?

Middleby's mailing address is 1400 TOASTMASTER DRIVE, ELGIN IL, 60120. The industrial products company can be reached via phone at 847-741-3300 or via email at [email protected]


MarketBeat Community Rating for Middleby (NASDAQ MIDD)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  262 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  602
MarketBeat's community ratings are surveys of what our community members think about Middleby and other stocks. Vote "Outperform" if you believe MIDD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MIDD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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