Middleby’s (MIDD) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Middleby (NASDAQ:MIDD) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $195.00 target price on the industrial products company’s stock.

Several other research firms also recently commented on MIDD. KeyCorp raised their price target on shares of Middleby from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. upped their target price on shares of Middleby from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Robert W. Baird raised their target price on shares of Middleby from $159.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Middleby in a research note on Monday, December 29th. Finally, Canaccord Genuity Group set a $187.00 price target on Middleby and gave the company a “buy” rating in a report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.14.

Middleby Price Performance

MIDD opened at $132.09 on Tuesday. The business has a fifty day moving average of $150.84 and a 200 day moving average of $140.64. The stock has a market cap of $6.23 billion, a P/E ratio of -23.05 and a beta of 1.41. The company has a quick ratio of 1.92, a current ratio of 2.57 and a debt-to-equity ratio of 0.77. Middleby has a 52-week low of $110.82 and a 52-week high of $169.44.

Middleby (NASDAQ:MIDD) last released its earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. Middleby had a positive return on equity of 14.57% and a negative net margin of 7.44%.The business had revenue of $334.59 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $2.88 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. As a group, sell-side analysts anticipate that Middleby will post 9.11 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Torren Management LLC bought a new stake in Middleby during the fourth quarter valued at about $25,000. Clearstead Advisors LLC grew its stake in Middleby by 201.8% in 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 last quarter. Danske Bank A S bought a new position in Middleby in the third quarter worth about $27,000. Larson Financial Group LLC lifted its position in shares of Middleby by 1,292.9% during the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock valued at $29,000 after buying an additional 181 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Middleby during the second quarter valued at about $30,000. 98.55% of the stock is owned by institutional investors.

Middleby Company Profile

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.