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NASDAQ:MIDD

The Middleby Stock Forecast, Price & News

$108.68
+1.62 (+1.51 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$106.86
Now: $108.68
$109.99
50-Day Range
$88.21
MA: $96.43
$107.06
52-Week Range
$41.73
Now: $108.68
$128.48
Volume577,126 shs
Average Volume1.06 million shs
Market Capitalization$6.04 billion
P/E Ratio21.10
Dividend YieldN/A
Beta1.67
The Middleby Corporation designs, manufactures, markets, distributes, and services a range of 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 conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, countertop cooking, and kitchen ventilation equipment; heated cabinets, charbroilers, ventless cooking systems, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, freezers; and soft serve ice cream, coffee and beverage dispensing, and home and professional craft brewing equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; grinders, slicers, reduction and emulsion systems, mixers, blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, 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 company was founded in 1888 and is based in Elgin, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.06 out of 5 stars

Industry, Sector and Symbol

Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
Current SymbolNASDAQ:MIDD
CUSIP59627810
Phone847-741-3300
Employees9,778

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.96 billion
Cash Flow$9.43 per share
Book Value$34.68 per share

Profitability

Net Income$352.24 million

Miscellaneous

Market Cap$6.04 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$108.68
+1.62 (+1.51 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Middleby (NASDAQ:MIDD) Frequently Asked Questions

How has The Middleby's stock been impacted by COVID-19?

The Middleby's stock was trading at $86.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MIDD shares have increased by 25.0% and is now trading at $108.68.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of The Middleby?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Middleby in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for The Middleby
.

When is The Middleby's next earnings date?

The Middleby is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for The Middleby
.

How were The Middleby's earnings last quarter?

The Middleby Co. (NASDAQ:MIDD) posted its quarterly earnings data on Wednesday, August, 5th. The industrial products company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.41 by $0.14. The industrial products company had revenue of $472 million for the quarter, compared to the consensus estimate of $445.90 million. The Middleby had a return on equity of 16.66% and a net margin of 10.75%. The firm's revenue was down 38.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 EPS.
View The Middleby's earnings history
.

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

The Middleby shares split 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 The Middleby stock prior to the split would have 300 shares after the split.

What price target have analysts set for MIDD?

5 Wall Street analysts have issued 1 year price targets for The Middleby's stock. Their forecasts range from $86.00 to $120.00. On average, they expect The Middleby's stock price to reach $96.50 in the next year. This suggests that the stock has a possible downside of 11.2%.
View analysts' price targets for The Middleby
.

Who are some of The Middleby's key competitors?

What other stocks do shareholders of The Middleby own?

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

Who are The Middleby's key executives?

The Middleby's management team includes the following people:
  • Mr. Timothy J. FitzGerald, CEO & Director (Age 50, Pay $2.14M)
  • Mr. Bryan E. Mittelman, Chief Financial Officer (Age 49, Pay $791.78k)
  • Mr. David Brewer, Exec. VP & COO (Age 63, Pay $1.87M)
  • Mr. Selim A. Bassoul, Consultant (Age 63, Pay $8.27M)
  • Mr. Martin M. Lindsay, VP, Treasurer & Sec. (Age 55, Pay $652.25k)

What is The Middleby's stock symbol?

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

Who are The Middleby's major shareholders?

The Middleby's stock is owned by many different institutional and retail investors. Top institutional investors include Boston Trust Walden Corp (0.66%), Assenagon Asset Management S.A. (0.43%), Riverbridge Partners LLC (0.32%), Peregrine Capital Management LLC (0.15%), Envestnet Asset Management Inc. (0.11%) and Addenda Capital Inc. (0.04%). Company insiders that own The Middleby stock include Chapin Sarah Palisi, John R Miller III, Nassem Ziyad, Robert A Nerbonne and Timothy John Fitzgerald.
View institutional ownership trends for The Middleby
.

Which institutional investors are selling The Middleby stock?

MIDD stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Ridgewood Investments LLC, State of Alaska Department of Revenue, and DORCHESTER WEALTH MANAGEMENT Co.
View insider buying and selling activity for The Middleby
.

Which institutional investors are buying The Middleby stock?

MIDD stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Pacer Advisors Inc., Peregrine Capital Management LLC, Boston Trust Walden Corp, First Hawaiian Bank, Envestnet Asset Management Inc., Addenda Capital Inc., and Nisa Investment Advisors LLC. Company insiders that have bought The Middleby stock in the last two years include Nassem Ziyad, Robert A Nerbonne, and Timothy John Fitzgerald.
View insider buying and selling activity for The Middleby
.

How do I buy shares of The 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, Robinhood, Fidelity, and Charles Schwab.

What is The Middleby's stock price today?

One share of MIDD stock can currently be purchased for approximately $108.68.

How big of a company is The Middleby?

The Middleby has a market capitalization of $6.04 billion and generates $2.96 billion in revenue each year. The industrial products company earns $352.24 million in net income (profit) each year or $7.02 on an earnings per share basis. The Middleby employs 9,778 workers across the globe.

What is The Middleby's official website?

The official website for The Middleby is www.middleby.com.

How can I contact The Middleby?

The 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 middlebycorporation.gcs-web.com.

This page was last updated on 10/24/2020 by MarketBeat.com Staff

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