Zacks Research Analysts Lift Earnings Estimates for Middleby

The Middleby Corporation (NASDAQ:MIDD) – Equities researchers at Zacks Research boosted their Q1 2027 EPS estimates for shares of Middleby in a report released on Tuesday, June 16th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $2.26 for the quarter, up from their previous estimate of $2.25. The consensus estimate for Middleby’s current full-year earnings is $9.56 per share. Zacks Research also issued estimates for Middleby’s FY2027 earnings at $10.23 EPS.

Several other analysts also recently weighed in on MIDD. Canaccord Genuity Group set a $200.00 target price on shares of Middleby in a report on Friday, May 8th. Barclays restated an “overweight” rating and issued a $190.00 price target (up from $168.00) on shares of Middleby in a research note on Friday, May 8th. Jefferies Financial Group restated a “buy” rating and issued a $195.00 price target on shares of Middleby in a research note on Tuesday, March 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Finally, KeyCorp upped their target price on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.71.

Middleby Stock Up 0.9%

Middleby stock opened at $165.02 on Wednesday. Middleby has a fifty-two week low of $110.82 and a fifty-two week high of $169.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96. The firm has a 50 day moving average price of $148.52 and a 200 day moving average price of $147.94. The company has a market capitalization of $7.46 billion, a PE ratio of -19.46 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last posted its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.22. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The firm had revenue of $839.91 million during the quarter, compared to the consensus estimate of $777.19 million. During the same quarter last year, the firm earned $2.08 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS.

Institutional Trading of Middleby

Several large investors have recently added to or reduced their stakes in MIDD. SG Capital Management LLC bought a new position in Middleby during the 3rd quarter valued at $55,260,000. Broyhill Asset Management LLC bought a new position in Middleby during the 3rd quarter valued at $2,455,000. M&T Bank Corp bought a new position in Middleby during the 4th quarter valued at $15,085,000. Tudor Investment Corp ET AL boosted its stake in Middleby by 45.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 75,950 shares of the industrial products company’s stock valued at $10,096,000 after purchasing an additional 23,737 shares in the last quarter. Finally, Eschler Asset Management LLP bought a new position in Middleby during the 3rd quarter valued at $931,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

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.