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NASDAQ:MIDDMiddleby Stock Price, Forecast & News

$73.52
+1.45 (+2.01 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$71.04
Now: $73.52
$76.91
50-Day Range
$48.56
MA: $56.57
$64.85
52-Week Range
$41.73
Now: $73.52
$142.98
Volume1.41 million shs
Average Volume1.09 million shs
Market Capitalization$4.09 billion
P/E Ratio11.45
Dividend YieldN/A
Beta1.55
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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Middleby logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


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$2.96 billion
Cash Flow$10.25 per share
Book Value$34.09 per share

Profitability

Net Income$352.24 million

Miscellaneous

Employees9,778
Market Cap$4.09 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 decreased by 15.5% and is now trading at $73.52. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Middleby?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middleby in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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) issued its earnings results on Thursday, May, 7th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.07. The industrial products company earned $677.50 million during the quarter, compared to the consensus estimate of $677.37 million. Middleby had a net margin of 12.10% and a return on equity of 20.40%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. View Middleby's earnings history.

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

Middleby's stock split before market open on Friday, June 27th 2014. The 3-1 split was announced on Friday, May 30th 2014. The newly created 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.

What price target have analysts set for MIDD?

3 brokers have issued 1 year price targets for Middleby's shares. Their forecasts range from $64.00 to $153.00. On average, they expect Middleby's stock price to reach $108.50 in the next year. This suggests a possible upside of 47.6% from the stock's current price. View analysts' price targets for Middleby.

Has Middleby been receiving favorable news coverage?

Media stories about MIDD stock have trended somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Middleby earned a daily sentiment score of 1.6 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutMiddleby.

Are investors shorting Middleby?

Middleby saw a increase in short interest during 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 retail and institutional 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 bought 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 $73.52.

How big of a company is Middleby?

Middleby has a market capitalization of $4.09 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 5/27/2020 by MarketBeat.com Staff

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