Canaccord Genuity Group Issues Positive Forecast for Middleby (NASDAQ:MIDD) Stock Price

Middleby (NASDAQ:MIDD) had its price target lifted by Canaccord Genuity Group from $152.00 to $160.00 in a report released on Friday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price objective (down from $205.00) on shares of Middleby in a research report on Wednesday, August 12th. Weiss Ratings lowered Middleby from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Barclays restated an “overweight” rating and issued a $145.00 price target (down from $155.00) on shares of Middleby in a research note on Thursday, August 13th. KeyCorp set a $152.00 price target on Middleby in a report on Tuesday, July 14th. Finally, Zacks Research raised shares of Middleby from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $159.25.

Middleby Stock Performance

Shares of MIDD stock traded up $6.36 on Friday, reaching $136.50. The stock had a trading volume of 932,682 shares, compared to its average volume of 466,258. Middleby has a 12 month low of $102.14 and a 12 month high of $180.13. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 160.59 and a beta of 1.29. The firm’s 50-day moving average is $111.38 and its two-hundred day moving average is $137.15. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.88.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The business had revenue of $652.58 million during the quarter, compared to analysts’ expectations of $634.04 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%. Middleby’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $2.37 earnings per share. Middleby has set its Q4 2026 guidance at 1.760-1.920 EPS and its FY 2026 guidance at 7.130-7.290 EPS. On average, research analysts expect that Middleby will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Middleby

A number of hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Middleby in the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC increased its holdings in shares of Middleby by 553.8% during the second quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 144 shares during the period. Allworth Financial LP bought a new position in shares of Middleby during the second quarter worth approximately $37,000. IFP Advisors Inc raised its position in shares of Middleby by 1,507.4% in the third quarter. IFP Advisors Inc now owns 434 shares of the industrial products company’s stock valued at $45,000 after buying an additional 407 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Middleby by 487.2% in the third quarter. Farther Finance Advisors LLC now owns 458 shares of the industrial products company’s stock valued at $47,000 after buying an additional 380 shares in the last quarter. 98.55% of the stock is owned by institutional investors.

More Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Middleby reported third-quarter adjusted earnings of $2.07 per share, beating the roughly $1.75 consensus, while revenue of $652.6 million also exceeded estimates. Sales rose 7.7% year over year, and the company said adjusted EBITDA increased 10% and results exceeded the high end of its guidance. Middleby third-quarter results
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $7.13–$7.29, above the cited analyst consensus of $6.82. That stronger profit outlook may bolster expectations for the full year. Middleby 2026 guidance
• Positive Sentiment: Canaccord Genuity raised its price target from $152 to $160 and reiterated a Buy rating, signaling increased analyst optimism. Canaccord Genuity analyst ratings
• Neutral Sentiment: Middleby named Chief Commercial Officer Steve Spittle to succeed CEO Tim FitzGerald, with the transition scheduled for April 1, 2027. The planned succession provides a timeline, though investors may assess execution under the incoming CEO. Middleby CEO succession announcement
• Negative Sentiment: Third-quarter EPS declined from $2.37 a year earlier. Also, fourth-quarter revenue guidance of $621 million–$635 million has a midpoint below the cited $631.1 million consensus, suggesting some near-term revenue caution despite the full-year EPS increase. Middleby Q3 earnings and revenue estimates

About Middleby

The Middleby Corporation (NASDAQ: MIDD) designs, manufactures and sells commercial, residential and food processing equipment. Its commercial foodservice products include conveyor, deck, combi and convection ovens; ranges, fryers, steam-cooking equipment, refrigeration systems, ventilation products and kitchen automation technologies. These products are used by restaurants, hotels, institutional kitchens, convenience stores, supermarkets and other foodservice operators.

Middleby also offers equipment and appliances for residential kitchens, including cooking products, refrigeration, ventilation and outdoor cooking systems.