Royal Bank of Canada Has $429,000 Holdings in The Middleby Corporation $MIDD

Royal Bank of Canada lessened its position in shares of The Middleby Corporation (NASDAQ:MIDD) by 83.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,236 shares of the industrial products company’s stock after selling 16,121 shares during the period. Royal Bank of Canada’s holdings in Middleby were worth $429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Torren Management LLC bought a new position in shares of Middleby during the fourth quarter worth approximately $25,000. Clearstead Advisors LLC boosted its stake 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 purchasing an additional 111 shares during the period. Danske Bank A S bought a new stake in Middleby in the 3rd quarter valued at $27,000. Larson Financial Group LLC grew its holdings in Middleby by 1,292.9% in the 4th 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Middleby by 135.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company’s stock valued at $33,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Analysts Set New Price Targets

MIDD has been the subject of a number of research reports. Seaport Research Partners set a $145.00 target price on Middleby in a report on Wednesday, August 12th. Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price target (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their price objective on shares of Middleby from $151.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Zacks Research downgraded shares of Middleby from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Finally, Canaccord Genuity Group set a $157.00 target price on shares of Middleby and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $160.38.

Middleby Price Performance

Shares of NASDAQ MIDD opened at $113.97 on Wednesday. The business has a fifty day moving average price of $140.47 and a two-hundred day moving average price of $146.30. The stock has a market capitalization of $5.15 billion, a PE ratio of -12.31 and a beta of 1.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The Middleby Corporation has a fifty-two week low of $110.82 and a fifty-two week high of $180.13.

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