Zacks Research Has Negative Outlook of Middleby Q1 Earnings

The Middleby Co. (NASDAQ:MIDD) – Equities research analysts at Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for shares of Middleby in a report issued on Monday, February 17th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $1.89 per share for the quarter, down from their prior forecast 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.

Several other equities research analysts also recently issued reports on MIDD. Canaccord Genuity Group lifted their price target on shares of Middleby from $155.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. StockNews.com cut Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on Middleby from $134.00 to $145.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $160.00 target price (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. Finally, KeyCorp increased their price objective on shares of Middleby from $160.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $178.83.

Middleby Trading Down 0.9 %

MIDD opened at $169.99 on Wednesday. The firm’s 50 day moving average is $149.29 and its 200-day moving average is $142.08. Middleby has a 52-week low of $118.41 and a 52-week high of $177.90. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $9.14 billion, a P/E ratio of 23.45 and a beta of 1.64.

Institutional Investors Weigh In On Middleby

A number of hedge funds have recently made changes to their positions in MIDD. Net Worth Advisory Group acquired a new position in Middleby during the 3rd quarter worth $238,000. Oldfield Partners LLP raised its holdings in shares of Middleby by 1.5% in the 3rd quarter. Oldfield Partners LLP now owns 332,473 shares of the industrial products company’s stock worth $46,257,000 after purchasing an additional 4,837 shares in the last quarter. Greenleaf Trust lifted its position in shares of Middleby by 8.1% during the 3rd quarter. Greenleaf Trust now owns 1,936 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 145 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Middleby by 13,813.0% in 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. purchased a new stake in shares of Middleby during the third quarter valued at $3,834,000. Institutional investors own 98.55% 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.