OneDigital Investment Advisors LLC Invests $765,000 in The Middleby Corporation $MIDD

OneDigital Investment Advisors LLC acquired a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,446 shares of the industrial products company’s stock, valued at approximately $765,000.

Other large investors have also modified their holdings of the company. Federation des caisses Desjardins du Quebec grew its position in Middleby by 2.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock worth $642,000 after acquiring an additional 91 shares in the last quarter. Root Financial Partners LLC increased its stake in Middleby by 64.2% during the 1st quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock worth $35,000 after buying an additional 102 shares during the period. Evoke Wealth LLC lifted its holdings in Middleby by 5.8% during the 4th quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $288,000 after buying an additional 107 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Middleby by 7.6% during the 3rd quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after buying an additional 107 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock valued at $25,000 after buying an additional 111 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MIDD. KeyCorp set a $152.00 target price on Middleby in a report on Tuesday, July 14th. Wall Street Zen cut Middleby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Seaport Research Partners set a $145.00 price objective on shares of Middleby in a research note on Wednesday, August 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Middleby in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group decreased their target price on shares of Middleby from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $160.38.

Middleby Stock Down 0.8%

Shares of NASDAQ MIDD opened at $114.00 on Wednesday. The business has a 50-day moving average price of $145.05 and a 200 day moving average price of $147.63. The stock has a market cap of $5.15 billion, a PE ratio of -12.31 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The Middleby Corporation has a 52-week low of $110.82 and a 52-week high of $180.13.

Middleby (NASDAQ:MIDD) last announced its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.26. The firm had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. Equities research analysts forecast that The Middleby Corporation will post 6.85 earnings per share for the current year.

Middleby 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.