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NASDAQ:MIDDMiddleby Stock Price, Forecast & News

$87.34
+6.40 (+7.91 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$85.36
Now: $87.34
$93.56
50-Day Range
$48.56
MA: $59.90
$80.94
52-Week Range
$41.73
Now: $87.34
$142.98
Volume2.37 million shs
Average Volume1.42 million shs
Market Capitalization$4.85 billion
P/E Ratio13.60
Dividend YieldN/A
Beta1.61
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.96 billion
Cash Flow$9.50 per share
Book Value$34.68 per share

Profitability

Net Income$352.24 million

Miscellaneous

Employees9,778
Market Cap$4.85 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Middleby (NASDAQ:MIDD) Frequently Asked Questions

How has Middleby's stock been impacted by COVID-19 (Coronavirus)?

Middleby's stock was trading at $86.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MIDD stock has increased by 0.4% and is now trading at $87.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Middleby?

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

When is Middleby's next earnings date?

Middleby is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Middleby.

How were Middleby's earnings last quarter?

Middleby Corp (NASDAQ:MIDD) announced its earnings results on Thursday, May, 7th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.07. The industrial products company earned $677.50 million during the quarter, compared to analyst estimates of $677.37 million. Middleby had a return on equity of 20.40% and a net margin of 12.10%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. View Middleby's earnings history.

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

Shares of Middleby split on the morning of Friday, June 27th 2014. The 3-1 split was announced on Friday, May 30th 2014. The newly minted shares were payable 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.

What price target have analysts set for MIDD?

4 brokerages have issued 1-year target prices for Middleby's stock. Their forecasts range from $64.00 to $153.00. On average, they anticipate Middleby's share price to reach $101.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View analysts' price targets for Middleby.

Has Middleby been receiving favorable news coverage?

Media headlines about MIDD stock have trended negative this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Middleby earned a news sentiment score of -2.7 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutMiddleby.

Are investors shorting Middleby?

Middleby saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,080,000 shares, an increase of 32.6% from the April 30th total of 7,600,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 7.9 days. Currently, 18.6% of the company's stock are sold short. View Middleby's Current Options Chain.

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), Walt Disney (DIS), Gilead Sciences (GILD), Alphabet (GOOG), Skyworks Solutions (SWKS), Netflix (NFLX), Alibaba Group (BABA), Costco Wholesale (COST), Intel (INTC) and Activision Blizzard (ATVI).

Who are Middleby's key executives?

Middleby's management team includes the following people:
  • Mr. Timothy J. FitzGerald, CEO & Director (Age 49)
  • Mr. David Brewer, Exec. VP & COO (Age 62)
  • Mr. Selim A. Bassoul, Consultant (Age 62)
  • Mr. Martin M. Lindsay, VP, Treasurer & Sec. (Age 54)
  • Mr. Bryan E. Mittelman, Chief Financial Officer (Age 48)

What is Middleby's stock symbol?

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

Who are Middleby's major shareholders?

Middleby's stock is owned by many different institutional and retail investors. Top institutional investors include EdgePoint Investment Group Inc. (10.27%), Fiera Capital Corp (6.33%), JPMorgan Chase & Co. (5.43%), BlackRock Inc. (5.11%), Rothschild & Co Wealth Management UK Ltd (3.35%) and Janus Henderson Group PLC (2.95%). Company insiders that own Middleby stock include Chapin Sarah Palisi, John R Miller III, Nassem Ziyad, Robert A Nerbonne and Timothy John Fitzgerald. 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 Capital Research Global Investors, Janus Henderson Group PLC, Wells Fargo & Company MN, Echo Street Capital Management LLC, Nicholas Company Inc., Parametric Portfolio Associates LLC, Disciplined Growth Investors Inc. MN, and Advantage Alpha Capital Partners LP. View insider buying and selling activity for Middleby.

Which major investors are buying Middleby stock?

MIDD stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, JPMorgan Chase & Co., Assenagon Asset Management S.A., EdgePoint Investment Group Inc., Alliancebernstein L.P., ArrowMark Colorado Holdings LLC, Mackenzie Financial Corp, and Pictet Asset Management Ltd.. Company insiders that have bought Middleby stock in the last two years include Nassem Ziyad, Robert A Nerbonne, and Timothy John Fitzgerald. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Middleby's stock price today?

One share of MIDD stock can currently be purchased for approximately $87.34.

How big of a company is Middleby?

Middleby has a market capitalization of $4.85 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. Middleby employs 9,778 workers across the globe.

What is Middleby's official website?

The official website for Middleby is 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 middlebycorporation.gcs-web.com.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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