What is Zacks Research's Forecast for Middleby Q1 Earnings?

The Middleby Co. (NASDAQ:MIDD - Free Report) - Equities researchers at Zacks Research decreased their Q1 2025 earnings estimates for Middleby in a research report issued to clients and investors on Monday, February 17th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $1.89 for the quarter, down from their previous estimate 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.

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

Middleby Stock Down 1.7 %

NASDAQ MIDD traded down $2.85 on Wednesday, hitting $167.07. 570,782 shares of the stock traded hands, compared to its average volume of 827,111. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average of $150.44 and a 200 day moving average of $142.48. Middleby has a twelve month low of $118.41 and a twelve month high of $177.90. The company has a market capitalization of $8.99 billion, a P/E ratio of 23.04 and a beta of 1.64.

Hedge Funds Weigh In On Middleby

Several hedge funds and other institutional investors have recently made changes to their positions in MIDD. Lorne Steinberg Wealth Management Inc. raised its stake in Middleby by 0.3% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 24,535 shares of the industrial products company's stock valued at $3,323,000 after acquiring an additional 70 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Middleby by 16.0% during the fourth quarter. Principal Securities Inc. now owns 566 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 78 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Middleby by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,651 shares of the industrial products company's stock worth $224,000 after purchasing an additional 81 shares during the period. Pictet Asset Management Holding SA grew its position in Middleby by 1.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,167 shares of the industrial products company's stock valued at $971,000 after buying an additional 81 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Middleby by 4.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,278 shares of the industrial products company's stock valued at $317,000 after buying an additional 88 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

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.