The Middleby Corporation $MIDD Shares Bought by Concentric Capital Strategies LP

Concentric Capital Strategies LP lifted its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,965 shares of the industrial products company’s stock after purchasing an additional 6,644 shares during the quarter. Concentric Capital Strategies LP owned about 0.08% of Middleby worth $6,239,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating and set a $190.00 price target (up from $168.00) on shares of Middleby in a research report on Friday, May 8th. Oppenheimer started coverage on shares of Middleby in a research report on Wednesday. They issued an “outperform” rating and a $205.00 target price for the company. KeyCorp increased their price target 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. Jefferies Financial Group restated a “buy” rating and set a $195.00 price objective on shares of Middleby in a research note on Tuesday, March 31st. Finally, Robert W. Baird set a $205.00 target price on Middleby in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $191.63.

Middleby Trading Down 0.2%

Shares of MIDD stock opened at $164.77 on Thursday. The Middleby Corporation has a 1 year low of $110.82 and a 1 year high of $170.73. The firm has a market capitalization of $7.45 billion, a PE ratio of -19.43 and a beta of 1.36. The stock has a fifty day moving average of $149.11 and a two-hundred day moving average of $148.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.96.

Middleby (NASDAQ:MIDD) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to analyst estimates of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm’s quarterly 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, research analysts expect that The Middleby Corporation will post 9.56 EPS for the current year.

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.