Analysts Offer Predictions for Middleby FY2025 Earnings

The Middleby Co. (NASDAQ:MIDD - Free Report) - Stock analysts at Zacks Research upped their FY2025 earnings per share (EPS) estimates for shares of Middleby in a report released on Thursday, January 30th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings of $8.93 per share for the year, up from their previous estimate of $8.92. The consensus estimate for Middleby's current full-year earnings is $9.12 per share.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Middleby from $134.00 to $145.00 and gave the stock an "underweight" rating in a research note on Monday. Jefferies Financial Group reaffirmed 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. Robert W. Baird raised their price target on Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. StockNews.com downgraded Middleby from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Canaccord Genuity Group lifted their target price on Middleby from $155.00 to $192.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $178.83.

Middleby Trading Up 0.3 %

NASDAQ MIDD traded up $0.57 on Monday, hitting $167.11. 653,582 shares of the stock were exchanged, compared to its average volume of 890,903. Middleby has a 52-week low of $118.41 and a 52-week high of $177.90. The firm has a market capitalization of $8.99 billion, a P/E ratio of 23.05 and a beta of 1.63. 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 stock has a fifty day moving average price of $144.92 and a two-hundred day moving average price of $139.92.

Institutional Investors Weigh In On Middleby

Several hedge funds have recently made changes to their positions in the company. Algert Global LLC purchased a new stake in Middleby in the second quarter worth about $662,000. Creative Planning raised its holdings in shares of Middleby by 6.8% in the 2nd quarter. Creative Planning now owns 7,700 shares of the industrial products company's stock valued at $944,000 after purchasing an additional 492 shares in the last quarter. Quarry LP lifted its position in shares of Middleby by 133.3% in the 2nd quarter. Quarry LP now owns 231 shares of the industrial products company's stock worth $28,000 after purchasing an additional 132 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Middleby by 13.9% during the third quarter. Handelsbanken Fonder AB now owns 13,900 shares of the industrial products company's stock valued at $1,934,000 after purchasing an additional 1,700 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Middleby by 91.8% during the third quarter. GAMMA Investing LLC now owns 489 shares of the industrial products company's stock valued at $68,000 after buying an additional 234 shares during the period. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

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.