III Capital Management Buys Shares of 6,000 The Middleby Corporation $MIDD

Posted by George Bondi on Aug 26th, 2026

III Capital Management purchased a new stake in shares of The Middleby Corporation (NASDAQ:MIDD – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,000 shares of the industrial products company’s stock, valued at approximately $1,032,000.

Several other hedge funds have also recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec lifted its position in Middleby by 2.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after purchasing an additional 91 shares during the period. Root Financial Partners LLC raised its stake in Middleby by 64.2% during the 1st quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock valued at $35,000 after buying an additional 102 shares during the last quarter. Evoke Wealth LLC lifted its holdings 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 buying an additional 107 shares during the period. Cresset Asset Management LLC boosted its stake in shares of Middleby by 7.6% in the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after buying an additional 107 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after buying an additional 111 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Middleby Stock Down 1.1%

MIDD stock opened at $113.97 on Wednesday. The business’s 50-day moving average price is $140.47 and its 200-day moving average price is $146.30. The stock has a market cap of $5.15 billion, a P/E ratio of -12.31 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The Middleby Corporation has a twelve month low of $110.82 and a twelve month high of $180.13.

Middleby (NASDAQ:MIDD – Get Free Report) last released its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.26. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. The company had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. During the same period in the prior year, the firm posted $2.35 EPS. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. 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, equities research analysts forecast that The Middleby Corporation will post 6.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group reduced their price objective on Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings downgraded Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price objective on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Seaport Research Partners set a $145.00 target price on shares of Middleby in a report on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Middleby has a consensus rating of “Hold” and a consensus target price of $160.38.

Get Our Latest Analysis on MIDD

Middleby Company 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.

III Capital Management Buys Shares of 6,000 The Middleby Corporation $MIDD

Middleby Stock Down 1.1%

Wall Street Analysts Forecast Growth

Middleby Company Profile

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