Zacks Research Issues Positive Outlook for Middleby Earnings

The Middleby Co. (NASDAQ:MIDD) – Analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for shares of Middleby in a research note issued on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $1.92 for the quarter, up from their previous forecast of $1.89. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

MIDD has been the subject of several other reports. KeyCorp raised their price objective on Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Jefferies Financial Group reissued a “hold” rating and set a $160.00 price target (down from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Robert W. Baird raised their price target on Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. StockNews.com lowered Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Barclays raised their price target on Middleby from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Middleby currently has a consensus rating of “Hold” and an average target price of $180.86.

Middleby Price Performance

NASDAQ:MIDD opened at $153.93 on Friday. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 21.23 and a beta of 1.72. Middleby has a 1 year low of $118.41 and a 1 year high of $182.73. The business has a 50 day simple moving average of $159.27 and a 200-day simple moving average of $145.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.38. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.69 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company earned $2.65 EPS.

Institutional Investors Weigh In On Middleby

A number of institutional investors and hedge funds have recently bought and sold shares of MIDD. Assenagon Asset Management S.A. raised its position in shares of Middleby by 4,494.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,266,327 shares of the industrial products company’s stock worth $171,524,000 after acquiring an additional 1,238,767 shares in the last quarter. Garden Investment Management L.P. bought a new stake in Middleby during the fourth quarter valued at about $101,958,000. Clarkston Capital Partners LLC bought a new stake in shares of Middleby in the 4th quarter valued at about $91,869,000. Ameriprise Financial Inc. grew its position in shares of Middleby by 237.2% in the 4th quarter. Ameriprise Financial Inc. now owns 366,293 shares of the industrial products company’s stock worth $49,614,000 after buying an additional 257,669 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Middleby in the 4th quarter worth approximately $26,930,000. 98.55% of the stock is owned by institutional investors.

Insider Buying and Selling at Middleby

In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of Middleby stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $163.51, for a total transaction of $81,755.00. Following the completion of the sale, the director now directly owns 6,111 shares of the company’s stock, valued at $999,209.61. The trade was a 7.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.16% of the stock is currently owned by corporate insiders.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.