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NASDAQ:MIDD

Middleby (MIDD) Stock Price, News & Analysis

$132.70
-0.66 (-0.49%)
(As of 09/6/2024 ET)
Today's Range
$131.87
$135.24
50-Day Range
$119.13
$144.36
52-Week Range
$109.59
$161.01
Volume
476,958 shs
Average Volume
475,179 shs
Market Capitalization
$7.14 billion
P/E Ratio
18.48
Dividend Yield
N/A
Price Target
$155.43

Middleby MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
17.1% Upside
$155.43 Price Target
Short Interest
Bearish
6.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
0.66mentions of Middleby in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$19,257 Sold Last Quarter
Proj. Earnings Growth
5.07%
From $9.66 to $10.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.93 out of 5 stars

Industrial Products Sector

62nd out of 165 stocks

Refrigeration & Service Industry Machinery Industry

3rd out of 4 stocks

MIDD stock logo

About Middleby Stock (NASDAQ:MIDD)

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. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and automated washing systems, auto-guided vehicles, food safety, food handling, freezing, and defrosting and packaging equipment. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, mixers, rotisseries, and ventilation and outdoor cooking equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The company was founded in 1888 and is based in Elgin, Illinois.

MIDD Stock Price History

MIDD Stock News Headlines

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A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Q2 2024 Middleby Corp Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
8/01/2024
Today
9/07/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:MIDD
CUSIP
59627810
Employees
10,722
Year Founded
1888

Price Target and Rating

Average Stock Price Target
$155.43
High Stock Price Target
$169.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+17.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$400.88 million
Pretax Margin
12.82%

Debt

Sales & Book Value

Annual Sales
$3.91 billion
Cash Flow
$11.50 per share
Book Value
$63.64 per share

Miscellaneous

Free Float
53,145,000
Market Cap
$7.14 billion
Optionable
Optionable
Beta
1.58

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Key Executives


MIDD Stock Analysis - Frequently Asked Questions

How have MIDD shares performed this year?

Middleby's stock was trading at $147.17 at the start of the year. Since then, MIDD shares have decreased by 9.8% and is now trading at $132.70.
View the best growth stocks for 2024 here
.

How were Middleby's earnings last quarter?

The Middleby Co. (NASDAQ:MIDD) released its earnings results on Thursday, August, 1st. The industrial products company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.08. Middleby's quarterly revenue was down 4.7% compared to the same quarter last year.

When did Middleby's stock split?

Shares of Middleby split on Friday, June 27th 2014. The 3-1 split was announced on Friday, May 30th 2014. The newly minted shares were payable to shareholders after the market closes on Thursday, June 26th 2014. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

What is Timothy FitzGerald's approval rating as Middleby's CEO?

3 employees have rated Middleby Chief Executive Officer Timothy FitzGerald on Glassdoor.com. Timothy FitzGerald has an approval rating of 100% among the company's employees. This puts Timothy FitzGerald in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Does Middleby have any subsidiaries?

The following companies are subsidiaries of Middleby: Wild Goose Filling, Imperial Commercial Cooking, Spenuzza Inc, Novy Invest NV, Welbilt, United Foodservice Equipment Group, DBT Holdings LLC, and more.

Who are Middleby's major shareholders?

Middleby's top institutional investors include Select Equity Group L.P. (11.83%), EdgePoint Investment Group Inc. (3.63%), Pacer Advisors Inc. (1.80%) and Sarasin & Partners LLP (1.72%). Insiders that own company stock include James K Pool III, Timothy John Fitzgerald, Robert A Nerbonne, John R Miller III, Nassem Ziyad, Cathy L Mccarthy and Chapin Sarah Palisi.
View institutional ownership trends
.

How do I buy shares of Middleby?

Shares of MIDD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Middleby own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Middleby investors own include Starbucks (SBUX), Walt Disney (DIS), Alphabet (GOOG), Skyworks Solutions (SWKS), Gilead Sciences (GILD), Intel (INTC) and NVIDIA (NVDA).

This page (NASDAQ:MIDD) was last updated on 9/7/2024 by MarketBeat.com Staff

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