290,843 Shares in The Middleby Corporation $MIDD Purchased by Norges Bank

Norges Bank acquired a new position in The Middleby Corporation (NASDAQ:MIDD – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 290,843 shares of the industrial products company’s stock, valued at approximately $43,240,000. Norges Bank owned approximately 0.58% of Middleby as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Torren Management LLC purchased a new position in shares of Middleby during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC raised its holdings in shares of Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Middleby by 1,292.9% during the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 181 shares during the last quarter. Danske Bank A S purchased a new position in shares of Middleby during the third quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Middleby by 135.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Get Middleby alerts:

Middleby Stock Up 1.7%

Shares of MIDD stock opened at $157.54 on Tuesday. The Middleby Corporation has a 12 month low of $110.82 and a 12 month high of $169.44. The stock has a market cap of $7.12 billion, a P/E ratio of -18.58 and a beta of 1.36. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $145.02 and a two-hundred day simple moving average of $146.06.

Middleby (NASDAQ:MIDD – Get Free Report) last announced its earnings results on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. During the same period in the prior year, the company earned $2.08 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, research analysts expect that The Middleby Corporation will post 9.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MIDD shares. KeyCorp boosted their price objective on shares of Middleby from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating and set a $195.00 price objective on shares of Middleby in a report on Tuesday, March 31st. JPMorgan Chase & Co. boosted their price objective on shares of Middleby from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays reissued an “overweight” rating and set a $190.00 price objective (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Finally, Wall Street Zen cut shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Middleby currently has an average rating of “Moderate Buy” and an average target price of $189.71.

Read Our Latest Research Report on Middleby

Middleby Profile

(Free Report)

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.

Featured Articles

• Five stocks we like better than Middleby
• 3 Stocks With Fresh Catalysts to Watch Before the July 4
• Amprius Insiders Are Selling: Should Investors Be Worried?
• A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
• A Market Rotation Toward Quality Will Benefit These 3 ETFs

Receive News & Ratings for Middleby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middleby and related companies with MarketBeat.com's FREE daily email newsletter.