NASDAQ:MIDD - Middleby Stock Price, Price Target & More

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$104.80 -0.10 (-0.10 %)
(As of 06/25/2018 10:13 AM ET)
Previous Close$104.56
Today's Range$104.56 - $104.80
52-Week Range$98.06 - $138.89
Volume219 shs
Average Volume559,784 shs
Market Capitalization$5.84 billion
P/E Ratio17.03
Dividend YieldN/A
Beta1.72
Middleby logoThe 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
SymbolNASDAQ:MIDD
CUSIP59627810
Phone847-741-3300

Debt

Debt-to-Equity Ratio0.72
Current Ratio2.11
Quick Ratio1.10

Price-To-Earnings

Trailing P/E Ratio17.03
Forward P/E Ratio17.47
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.34 billion
Price / Sales2.50
Cash Flow$7.4857 per share
Price / Cash14.00
Book Value$24.34 per share
Price / Book4.31

Profitability

EPS (Most Recent Fiscal Year)$6.16
Net Income$298.12 million
Net Margins12.25%
Return on Equity22.03%
Return on Assets9.31%

Miscellaneous

Employees4,496
Outstanding Shares55,710,000

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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 before market open on 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 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 announced that its board has initiated a stock buyback plan on Wednesday, November 15th 2017, which permits the company to buyback 2,500,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

How were Middleby's earnings last quarter?

Middleby Corp (NASDAQ:MIDD) announced its earnings results on Wednesday, May, 9th. The industrial products company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.39 by $0.21. The industrial products company had revenue of $584.80 million for the quarter, compared to analysts' expectations of $598.14 million. Middleby had a net margin of 12.25% and a return on equity of 22.03%. Middleby's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 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, August, 8th 2018. View Earnings Estimates for Middleby.

What price target have analysts set for MIDD?

9 analysts have issued 12 month price targets for Middleby's stock. Their forecasts range from $110.00 to $150.00. On average, they anticipate Middleby's stock price to reach $130.00 in the next twelve months. View Analyst Ratings for Middleby.

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 61)
  • Mr. Timothy J. FitzGerald, VP & CFO (Age 48)
  • Mr. David Brewer, Chief Operating Officer of Commercial Foodservice Equipment (Age 61)
  • Mr. Martin M. Lindsay, Corp. Treasurer & Assistant Sec. (Age 53)
  • Mr. Partha Biswas, Division Pres of Middleby India & Global Chief Information Officer

Has Middleby been receiving favorable news coverage?

Media stories about MIDD stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Middleby earned a news impact score of 0.15 on Accern's scale. They also assigned headlines about the industrial products company an impact score of 46.21 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are Middleby's major shareholders?

Middleby's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Fiera Capital Corp (5.02%), BlackRock Inc. (4.84%), CI Global Investments Inc. (3.16%), Disciplined Growth Investors Inc. MN (2.85%), Neuberger Berman Group LLC (2.23%) and JPMorgan Chase & Co. (2.03%). Company insiders that own Middleby stock include Gordon Obrien, John R Miller III, Martin M Lindsay, Nassem Ziyad, Philip G Putnam 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 CI Global Investments Inc., American Century Companies Inc., Baird Financial Group Inc., JPMorgan Chase & Co., Atlantic Trust Group LLC, Bamco Inc. NY, Amundi Pioneer Asset Management Inc. and King Luther Capital Management Corp. Company insiders that have sold Middleby company stock in the last year include Gordon Obrien, John R Miller III and Martin M Lindsay. View Insider Buying and Selling for Middleby.

Which major investors are buying Middleby stock?

MIDD stock was acquired by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Handelsbanken Fonder AB, Russell Investments Group Ltd., New York State Common Retirement Fund, Stephens Investment Management Group LLC, Westpac Banking Corp, Wells Fargo & Company MN and PenderFund Capital Management 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 $104.90.

How big of a company is Middleby?

Middleby has a market capitalization of $5.84 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.

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 (MIDD)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  231 (Vote Outperform)
Underperform Votes:  307 (Vote Underperform)
Total Votes:  538
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 6/25/2018 by MarketBeat.com Staff

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