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

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$133.42 +1.55 (+1.18 %)
(As of 04/23/2019 04:00 PM ET)
Previous Close$131.87
Today's Range$132.02 - $133.81
52-Week Range$96.65 - $138.62
Volume691,658 shs
Average Volume479,774 shs
Market Capitalization$7.43 billion
P/E Ratio21.87
Dividend YieldN/A
Beta1.82
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 foodservice 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, grills, mixers, refrigerators, blast chillers, coldrooms, ice machines, and freezers; steam cooking, food warming, catering, induction and countertop cooking equipment, as well as soft serve, ice cream, 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, dishwashers, microwaves, cooktops, wine coolers, 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 company 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$2.72 billion
Cash Flow$7.7255 per share
Book Value$29.82 per share

Profitability

Net Income$317.15 million

Miscellaneous

Employees9,346
Market Cap$7.43 billion
Next Earnings Date5/8/2019 (Estimated)
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's stock split on Friday, June 27th 2014. The 3-1 split was announced on Friday, May 30th 2014. The newly issued shares were payable to shareholders after the market closes 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 declared that its board has initiated a share buyback program on Wednesday, November 15th 2017, which permits the company to repurchase 2,500,000 shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

How were Middleby's earnings last quarter?

Middleby Corp (NASDAQ:MIDD) released its quarterly earnings data on Wednesday, February, 27th. The industrial products company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.16. The industrial products company earned $756.67 million during the quarter, compared to the consensus estimate of $737.69 million. Middleby had a return on equity of 22.18% and a net margin of 11.65%. The business's revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $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 Wednesday, May 8th 2019. View Earnings Estimates for Middleby.

What price target have analysts set for MIDD?

7 analysts have issued 1-year price objectives for Middleby's shares. Their forecasts range from $117.00 to $174.00. On average, they expect Middleby's stock price to reach $146.3333 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price. View Analyst Price Targets for Middleby.

What is the consensus analysts' recommendation for Middleby?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middleby in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Middleby.

Has Middleby been receiving favorable news coverage?

Media stories about MIDD stock have trended positive on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Middleby earned a media sentiment score of 2.7 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Who are some of Middleby's key competitors?

What other stocks do shareholders of Middleby own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Middleby investors own include Starbucks (SBUX), Alphabet (GOOG), Skyworks Solutions (SWKS), Walt Disney (DIS), Celgene (CELG), Gilead Sciences (GILD), NVIDIA (NVDA), Booking (BKNG), Netflix (NFLX) and Alibaba Group (BABA).

Who are Middleby's key executives?

Middleby's management team includes the folowing people:
  • Mr. Timothy J. FitzGerald, CEO & Director (Age 49)
  • Mr. David Brewer, Exec. VP & COO (Age 62)
  • Mr. Martin M. Lindsay, Corp. Treasurer & Assistant Sec. (Age 54)
  • Mr. Selim A. Bassoul, Consultant (Age 62)
  • Mr. Bryan E. Mittelman, Chief Financial 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 Alta Capital Management LLC (0.59%), Columbus Circle Investors (0.52%), Riverbridge Partners LLC (0.35%), BTIM Corp. (0.20%), PenderFund Capital Management Ltd. (0.08%) and Leith Wheeler Investment Counsel Ltd. (0.06%). Company insiders that own Middleby stock include Chapin Sarah Palisi, Gordon Obrien, John R Miller III, Martin M Lindsay and Nassem Ziyad. 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 PenderFund Capital Management Ltd., Riverbridge Partners LLC, Alta Capital Management LLC, Aurora Investment Counsel, Brinker Capital Inc., Fruth Investment Management, Strs Ohio and Legacy Capital Partners Inc.. Company insiders that have sold Middleby company stock in the last year include Chapin Sarah Palisi and John R Miller III. 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 Columbus Circle Investors, BTIM Corp., Leith Wheeler Investment Counsel Ltd., Mercer Global Advisors Inc. ADV, Sciencast Management LP, Addenda Capital Inc., Virtu Financial LLC and IFM Investors Pty Ltd. 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 $133.42.

How big of a company is Middleby?

Middleby has a market capitalization of $7.43 billion and generates $2.72 billion in revenue each year. The industrial products company earns $317.15 million in net income (profit) each year or $6.10 on an earnings per share basis. Middleby employs 9,346 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:  275 (Vote Outperform)
Underperform Votes:  347 (Vote Underperform)
Total Votes:  622
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 4/23/2019 by MarketBeat.com Staff

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