VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in The Middleby Corporation (NASDAQ:MIDD – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,403 shares of the industrial products company’s stock, valued at approximately $3,510,000.
Several other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Middleby by 90.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Middleby by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after purchasing an additional 9,936 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Middleby by 344.7% during the first quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after buying an additional 1,727 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Middleby by 280.2% in the second quarter. EverSource Wealth Advisors LLC now owns 327 shares of the industrial products company’s stock valued at $47,000 after buying an additional 241 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in shares of Middleby in the 2nd quarter valued at $202,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MIDD has been the subject of a number of research analyst reports. Weiss Ratings cut Middleby from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Barclays restated an “overweight” rating and issued a $145.00 price objective (down from $155.00) on shares of Middleby in a report on Thursday, August 13th. Jefferies Financial Group decreased their price target on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price objective (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. Finally, Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $160.43.
Middleby Stock Performance
Shares of MIDD stock opened at $105.94 on Thursday. The company has a market cap of $4.79 billion, a P/E ratio of -11.44 and a beta of 1.31. The firm has a fifty day moving average price of $127.60 and a 200 day moving average price of $142.35. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. The Middleby Corporation has a 12 month low of $105.74 and a 12 month high of $180.13.
Middleby (NASDAQ:MIDD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. The company had revenue of $875.55 million for the quarter, compared to analysts’ expectations of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.Middleby’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $2.35 earnings per share. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Sell-side analysts predict that The Middleby Corporation will post 6.85 earnings per share for the current fiscal year.
About Middleby
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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