Zacks Research Issues Negative Outlook for Middleby Earnings

The Middleby Co. (NASDAQ:MIDD) – Investment analysts at Zacks Research dropped their Q1 2025 EPS estimates for shares of Middleby in a report released on Monday, February 17th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $1.89 for the quarter, down from their previous estimate of $1.90. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s Q2 2025 earnings at $2.31 EPS, Q2 2026 earnings at $2.47 EPS, Q4 2026 earnings at $2.65 EPS and FY2026 earnings at $9.55 EPS.

MIDD has been the subject of several other research reports. StockNews.com cut shares of Middleby from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird raised their price objective on shares of Middleby from $157.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. KeyCorp raised their price objective on shares of Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $160.00 target price (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $178.83.

Middleby Trading Up 2.0 %

MIDD opened at $171.62 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $9.23 billion, a PE ratio of 23.67 and a beta of 1.64. Middleby has a 1-year low of $118.41 and a 1-year high of $177.90. The firm has a 50-day moving average price of $148.79 and a two-hundred day moving average price of $141.89.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Net Worth Advisory Group bought a new position in Middleby during the 3rd quarter worth approximately $238,000. Oldfield Partners LLP boosted its stake in Middleby by 1.5% during the 3rd quarter. Oldfield Partners LLP now owns 332,473 shares of the industrial products company’s stock worth $46,257,000 after acquiring an additional 4,837 shares during the last quarter. Greenleaf Trust boosted its stake in Middleby by 8.1% during the 3rd quarter. Greenleaf Trust now owns 1,936 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 145 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Middleby by 13,813.0% during the 3rd quarter. International Assets Investment Management LLC now owns 15,026 shares of the industrial products company’s stock worth $2,091,000 after acquiring an additional 14,918 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Middleby during the 3rd quarter worth approximately $3,834,000. Institutional investors own 98.55% of the company’s stock.

Middleby Company Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.