Peregrine Capital Management LLC Purchases 35,120 Shares of The Middleby Corporation $MIDD

Peregrine Capital Management LLC lifted its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 31,927.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,230 shares of the industrial products company’s stock after purchasing an additional 35,120 shares during the period. Peregrine Capital Management LLC’s holdings in Middleby were worth $5,238,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL lifted its position in shares of Middleby by 45.5% during the third 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. Olstein Capital Management L.P. lifted its position in shares of Middleby by 34.2% during the third 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. Pacific Capital Partners Ltd bought a new position in shares of Middleby during the third quarter valued at about $2,144,000. Broyhill Asset Management LLC bought a new position in shares of Middleby during the third quarter valued at about $2,455,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Middleby during the fourth quarter valued at about $11,980,000. 98.55% of the stock is owned by institutional investors.

Middleby Stock Performance

Shares of MIDD stock opened at $145.38 on Friday. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of -25.37 and a beta of 1.41. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.57. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The firm’s 50-day simple moving average is $146.88 and its two-hundred day simple moving average is $141.35.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings data on Thursday, February 26th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.27 by $0.15. The business had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. Middleby had a negative net margin of 7.44% and a positive return on equity of 14.57%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.88 earnings per share. 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, equities analysts forecast that The Middleby Corporation will post 9.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Middleby from $180.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Canaccord Genuity Group set a $187.00 price objective on shares of Middleby and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research report on Monday, December 29th. Zacks Research lowered shares of Middleby from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Middleby in a research report on Tuesday, March 31st. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.57.

Middleby Company 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.