Middleby (NASDAQ:MIDD) Sets New 52-Week High – Should You Buy?

The Middleby Corporation (NASDAQ:MIDD) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $175.91 and last traded at $174.3910, with a volume of 168654 shares. The stock had previously closed at $168.91.

Analyst Ratings Changes

Several brokerages have recently weighed in on MIDD. JPMorgan Chase & Co. lifted their price target on shares of Middleby from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Barclays reaffirmed an “overweight” rating and issued a $190.00 target price (up from $168.00) on shares of Middleby in a report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $195.00 target price on shares of Middleby in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Finally, Oppenheimer started coverage on Middleby in a report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $191.62.

Middleby Trading Up 0.9%

The company has a quick ratio of 1.10, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $153.05 and its 200-day moving average is $150.48. The company has a market cap of $7.84 billion, a PE ratio of -20.44 and a beta of 1.36.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The business had revenue of $839.91 million during the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a negative net margin of 11.46% and a positive return on equity of 15.94%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, sell-side analysts anticipate that The Middleby Corporation will post 9.58 EPS for the current year.

Institutional Investors Weigh In On Middleby

Several institutional investors have recently modified their holdings of MIDD. Price T Rowe Associates Inc. MD increased its position in shares of Middleby by 49.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock valued at $858,161,000 after purchasing an additional 1,902,957 shares during the last quarter. Invesco Ltd. lifted its position in Middleby by 1,046.4% in the third quarter. Invesco Ltd. now owns 1,018,536 shares of the industrial products company’s stock worth $135,394,000 after buying an additional 929,688 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Middleby by 4,256.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 722,137 shares of the industrial products company’s stock worth $107,361,000 after buying an additional 705,560 shares during the period. Cooke & Bieler LP purchased a new position in Middleby during the fourth quarter worth $48,113,000. Finally, Marshall Wace LLP increased its position in Middleby by 260.0% during the third quarter. Marshall Wace LLP now owns 419,936 shares of the industrial products company’s stock valued at $55,822,000 after acquiring an additional 303,293 shares during the last quarter. 98.55% of the stock is owned by institutional investors.

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.