Research Analysts Offer Predictions for Middleby Q1 Earnings

The Middleby Co. (NASDAQ:MIDD) – Equities research analysts at Zacks Research lowered their Q1 2025 earnings per share estimates for Middleby in a research note issued to investors on Monday, February 17th. Zacks Research analyst R. Department now anticipates 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 research firms have also recently weighed in on MIDD. 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 upped their target price on Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. KeyCorp lifted their price target on Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Middleby from $134.00 to $145.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded Middleby from a “buy” rating to a “hold” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $178.83.

Middleby Stock Performance

Shares of MIDD stock opened at $169.99 on Wednesday. The stock’s fifty day simple moving average is $149.29 and its 200-day simple moving average is $142.08. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 23.45 and a beta of 1.64. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.66. Middleby has a 1-year low of $118.41 and a 1-year high of $177.90.

Institutional Investors Weigh In On Middleby

Several hedge funds have recently modified their holdings of MIDD. Covestor Ltd raised its stake in Middleby by 306.5% during the 3rd quarter. Covestor Ltd now owns 252 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 190 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Middleby by 820.0% in the 3rd quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 287 shares during the period. UMB Bank n.a. increased its holdings in Middleby by 41.1% in 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 during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Middleby during the 3rd quarter worth approximately $72,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Middleby in the fourth quarter valued at approximately $71,000. 98.55% of the stock is owned by 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.