Wright Investors Service Inc. Purchases Shares of 4,520 The Middleby Corporation $MIDD

Wright Investors Service Inc. acquired a new stake in The Middleby Corporation (NASDAQ:MIDD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,520 shares of the industrial products company’s stock, valued at approximately $672,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Olstein Capital Management L.P. lifted its stake in shares of Middleby by 34.2% in the 3rd quarter. Olstein Capital Management L.P. now owns 57,000 shares of the industrial products company’s stock valued at $7,577,000 after purchasing an additional 14,538 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of Middleby by 45.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock valued at $10,096,000 after purchasing an additional 23,737 shares in the last quarter. Pacific Capital Partners Ltd acquired a new position in shares of Middleby in the 3rd quarter valued at about $2,144,000. Broyhill Asset Management LLC acquired a new position in shares of Middleby in the 3rd quarter valued at about $2,455,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Middleby in the 3rd quarter valued at about $11,701,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MIDD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Canaccord Genuity Group set a $187.00 price objective on Middleby and gave the company a “buy” rating in a research note on Tuesday, February 24th. Robert W. Baird lifted their price objective on Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. reduced their price target on Middleby from $180.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, Zacks Research cut Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.57.

Middleby Stock Up 0.1%

NASDAQ MIDD opened at $139.45 on Friday. The stock has a market cap of $6.50 billion, a PE ratio of -24.34 and a beta of 1.41. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $169.44. The business has a 50 day moving average price of $148.69 and a two-hundred day moving average price of $141.04. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The firm had revenue of $334.59 million during the quarter, compared to analysts’ expectations of $1.01 billion. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.Middleby’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, sell-side analysts predict that The Middleby Corporation will post 9.11 EPS for the current fiscal year.

Middleby Profile

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.