Zacks Research Research Analysts Lower Earnings Estimates for The Middleby Co. (NASDAQ:MIDD)

The Middleby Co. (NASDAQ:MIDD) – Investment analysts at Zacks Research reduced their Q1 2026 EPS estimates for Middleby in a research report issued to clients and investors on Tuesday, June 11th. Zacks Research analyst R. Department now anticipates that the industrial products company will earn $2.45 per share for the quarter, down from their previous estimate of $2.48. The consensus estimate for Middleby’s current full-year earnings is $9.79 per share.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Middleby from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $145.00 to $118.00 in a research report on Wednesday, May 22nd. Canaccord Genuity Group dropped their price objective on shares of Middleby from $166.00 to $159.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, William Blair raised shares of Middleby to a “hold” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.43.

Middleby Price Performance

Shares of MIDD opened at $123.78 on Thursday. The firm has a market capitalization of $6.66 billion, a PE ratio of 17.24 and a beta of 1.60. The company’s 50-day moving average is $136.02 and its 200-day moving average is $142.12. Middleby has a fifty-two week low of $109.59 and a fifty-two week high of $161.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.40 and a quick ratio of 1.28.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.16). The firm had revenue of $926.90 million for the quarter, compared to the consensus estimate of $979.05 million. Middleby had a return on equity of 15.88% and a net margin of 9.82%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $2.19 earnings per share.

Institutional Investors Weigh In On Middleby

A number of large investors have recently bought and sold shares of MIDD. Rise Advisors LLC acquired a new stake in Middleby during the first quarter worth about $25,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Middleby by 1,246.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 175 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 162 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Middleby by 230.1% in the fourth quarter. Signaturefd LLC now owns 241 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 168 shares during the last quarter. Clear Street Markets LLC bought a new position in shares of Middleby in the third quarter worth about $50,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Middleby by 620.0% in the first quarter. Crewe Advisors LLC now owns 360 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 310 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Middleby

In related news, Director John R. Miller III sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $126.32, for a total value of $252,640.00. Following the transaction, the director now directly owns 10,931 shares in the company, valued at $1,380,803.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Middleby news, Director Chapin Sarah Palisi sold 235 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $137.18, for a total transaction of $32,237.30. Following the sale, the director now directly owns 7,211 shares in the company, valued at $989,204.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Miller III sold 2,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $126.32, for a total transaction of $252,640.00. Following the sale, the director now owns 10,931 shares in the company, valued at $1,380,803.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,385 shares of company stock worth $304,134. Corporate insiders own 1.16% of the company’s stock.

About Middleby

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.