Middleby (NASDAQ:MIDD) Sets New 12-Month Low – Here’s What Happened

Posted by Stanley Muller on Aug 31st, 2026

The Middleby Corporation (NASDAQ:MIDD – Get Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $110.48 and last traded at $110.6650, with a volume of 31171 shares. The stock had previously closed at $112.75.

Analyst Ratings Changes

A number of research firms have recently weighed in on MIDD. Weiss Ratings downgraded shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Jefferies Financial Group reduced their price objective on Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Barclays restated an “overweight” rating and set a $145.00 price objective (down from $155.00) on shares of Middleby in a research report on Thursday, August 13th. Finally, KeyCorp set a $152.00 price objective on Middleby in a research note on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Middleby currently has an average rating of “Hold” and a consensus target price of $160.38.

View Our Latest Research Report on MIDD

Middleby Trading Down 1.4%

The company’s 50 day moving average price is $137.12 and its two-hundred day moving average price is $145.33. The firm has a market cap of $5.03 billion, a PE ratio of -12.00 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.

Middleby (NASDAQ:MIDD – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $875.55 million during the quarter, compared to analysts’ expectations of $836.99 million. During the same period in the previous year, the company earned $2.35 EPS. The firm’s revenue for the quarter 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. As a group, sell-side analysts forecast that The Middleby Corporation will post 6.85 EPS for the current year.

Institutional Investors Weigh In On Middleby

Hedge funds and other institutional investors have recently modified their holdings of the business. Torren Management LLC bought a new position in Middleby in the 4th quarter valued at $25,000. Clearstead Advisors LLC boosted its stake 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 period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Middleby in the second quarter worth about $27,000. Danske Bank A S bought a new position in shares of Middleby in the third quarter worth about $27,000. Finally, Larson Financial Group LLC increased its stake in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after buying an additional 181 shares during the period. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

About Middleby

(Get 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.