The Middleby Corporation (NASDAQ:MIDD – Get Free Report) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $161.6250.
Several analysts recently issued reports on MIDD shares. JPMorgan Chase & Co. cut their target price on Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday. Jefferies Financial Group dropped their price target on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a report on Wednesday. Canaccord Genuity Group set a $157.00 price objective on shares of Middleby and gave the company a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.
Check Out Our Latest Stock Report on Middleby
Middleby Trading Down 0.9%
Middleby (NASDAQ:MIDD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. Middleby had a positive return on equity of 16.66% and a negative net margin of 13.22%.The business had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. During the same period last year, the firm earned $2.35 earnings per share. The business’s quarterly revenue was down 10.5% on a year-over-year basis. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, sell-side analysts anticipate that Middleby will post 6.81 earnings per share for the current fiscal year.
Trending Headlines about Middleby
Here are the key news stories impacting Middleby this week:
- Positive Sentiment: Q2 results exceeded expectations. Middleby reported adjusted EPS of $2.35 versus the $2.09 consensus estimate and revenue of $875.5 million versus expectations of approximately $837 million. Commercial Foodservice was the primary growth driver, with $630.6 million in sales and 8.3% organic growth. Middleby Q2 Earnings Snapshot
- Positive Sentiment: Share repurchases and the Food Processing separation provide potential support. Middleby repurchased 1.4 million shares during the quarter, or 3.8 million year to date, and completed the spin-off of its Food Processing business into independent company Midera on July 6. The separation is intended to sharpen Middleby’s focus on commercial foodservice and residential equipment. The Middleby Corporation Reports Second Quarter Results
- Neutral Sentiment: JPMorgan retained a Neutral rating but lowered its price target. The firm reduced its target from $151 to $141, still implying substantial upside based on the cited trading level. The change signals that valuation support remains, but near-term catalysts are limited. Benzinga
- Negative Sentiment: Forward guidance fell well short of Wall Street expectations. Middleby forecast third-quarter adjusted EPS of $1.67–$1.83 versus consensus of $1.95 and full-year EPS of $6.73–$6.89 versus $8.48 expected. Full-year revenue guidance of roughly $2.48–$2.53 billion also trailed the approximately $2.9 billion consensus. Tariffs, inflation and margin pressure are weighing on the outlook, while reported net earnings from continuing operations and GAAP EPS declined year over year. Middleby Q2 Earnings Beat Estimates on Commercial Foodservice Strength
Institutional Trading of Middleby
Several hedge funds have recently bought and sold shares of MIDD. Federation des caisses Desjardins du Quebec grew its holdings in Middleby by 2.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after buying an additional 91 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Middleby by 64.2% during the 1st quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 102 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of Middleby by 7.6% during the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 107 shares during the last quarter. Evoke Wealth LLC boosted its position in shares of Middleby by 5.8% during the 4th quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 107 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of Middleby by 201.8% in 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 in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.
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.
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