Zacks Research Issues Positive Outlook for Middleby Earnings

The Middleby Co. (NASDAQ:MIDD) – Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for Middleby in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the industrial products company will earn $1.92 per share for the quarter, up from their prior estimate of $1.89. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

Middleby (NASDAQ:MIDD) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.38. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.69 million. During the same quarter in the prior year, the company earned $2.65 earnings per share. Middleby’s revenue was up .4% on a year-over-year basis.

Other research analysts also recently issued research reports about the company. KeyCorp increased their target price on Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Canaccord Genuity Group raised their price objective on Middleby from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $160.00 price objective (down previously from $170.00) on shares of Middleby in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on Middleby from $145.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. Finally, Barclays raised their price objective on Middleby from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Middleby currently has an average rating of “Hold” and a consensus target price of $180.86.

Middleby Stock Down 0.6 %

MIDD stock opened at $153.93 on Friday. Middleby has a fifty-two week low of $118.41 and a fifty-two week high of $182.73. The business’s 50-day moving average is $159.27 and its two-hundred day moving average is $145.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 21.23 and a beta of 1.72.

Institutional Trading of Middleby

Several institutional investors have recently made changes to their positions in MIDD. Avior Wealth Management LLC grew its holdings in Middleby by 820.0% during the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $45,000 after buying an additional 287 shares in the last quarter. UMB Bank n.a. grew its holdings in Middleby by 41.1% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the industrial products company’s stock valued at $54,000 after buying an additional 116 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Middleby during the 4th quarter valued at approximately $71,000. Principal Securities Inc. grew its holdings in Middleby by 16.0% during the 4th quarter. Principal Securities Inc. now owns 566 shares of the industrial products company’s stock valued at $77,000 after buying an additional 78 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in Middleby by 220.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 606 shares of the industrial products company’s stock valued at $82,000 after buying an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Insider Buying and Selling

In related news, Director Chapin Sarah Palisi sold 500 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $163.51, for a total transaction of $81,755.00. Following the completion of the sale, the director now owns 6,111 shares in the company, valued at approximately $999,209.61. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.16% of the stock is currently owned by company insiders.

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.