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

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$101.48 +0.88 (+0.87 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$101.48
Today's Range$100.25 - $102.31
52-Week Range$98.06 - $138.89
Volume1.13 million shs
Average Volume613,355 shs
Market Capitalization$5.60 billion
P/E Ratio16.47
Dividend YieldN/A
Beta1.75
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

Stock Exchange NASDAQ
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 Ratio16.47
Forward P/E Ratio16.89
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.34 billion
Price / Sales2.42
Cash Flow$7.5562 per share
Price / Cash13.43
Book Value$24.34 per share
Price / Book4.17

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
Market Cap$5,604.44

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 on the morning of 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 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.

How will Middleby's stock buyback program work?

Middleby announced that its board has approved 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 repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

How were Middleby's earnings last quarter?

Middleby Corp (NASDAQ:MIDD) released its earnings results on Wednesday, May, 9th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by $0.21. The industrial products company had revenue of $584.80 million for the quarter, compared to the consensus estimate of $598.14 million. Middleby had a return on equity of 22.03% and a net margin of 12.25%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. 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?

8 brokers have issued 1 year price targets for Middleby's shares. Their forecasts range from $110.00 to $150.00. On average, they expect Middleby's stock price to reach $130.2857 in the next year. This suggests a possible upside of 28.4% from the stock's current price. View Analyst Ratings for Middleby.

What is the consensus analysts' recommendation for Middleby?

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

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?

News articles about MIDD stock have trended somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Middleby earned a media sentiment score of 0.07 on Accern's scale. They also assigned news coverage about the industrial products company an impact score of 46.00 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are Middleby's major shareholders?

Middleby's stock is owned by a number of of institutional and retail investors. Top institutional investors include Handelsbanken Fonder AB (0.68%), Fred Alger Management Inc. (0.46%), Riverbridge Partners LLC (0.41%), Bank of Montreal Can (0.18%), PenderFund Capital Management Ltd. (0.16%) and Welch & Forbes LLC (0.11%). 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 Handelsbanken Fonder AB, Westpac Banking Corp, Riverbridge Partners LLC, Callahan Advisors LLC, Private Trust Co. NA, DORCHESTER WEALTH MANAGEMENT Co, Fjarde AP Fonden Fourth Swedish National Pension Fund and Fred Alger Management Inc.. 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 Bank of Montreal Can, Welch & Forbes LLC, PenderFund Capital Management Ltd., Leith Wheeler Investment Counsel Ltd., Whittier Trust Co., Fox Run Management L.L.C., Laurel Grove Capital LLC and Addenda Capital Inc.. 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 $101.48.

How big of a company is Middleby?

Middleby has a market capitalization of $5.60 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 (NASDAQ MIDD)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  234 (Vote Outperform)
Underperform Votes:  312 (Vote Underperform)
Total Votes:  546
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 7/21/2018 by MarketBeat.com Staff

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