Research Analysts Set Expectations for Middleby Q1 Earnings

The Middleby Co. (NASDAQ:MIDD) – Stock analysts at Zacks Research reduced their Q1 2027 earnings per share estimates for shares of Middleby in a report issued on Wednesday, May 28th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings of $2.57 per share for the quarter, down from their previous estimate of $2.71. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share. Zacks Research also issued estimates for Middleby’s FY2027 earnings at $11.67 EPS.

Several other research firms also recently commented on MIDD. Wall Street Zen downgraded Middleby from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. KeyCorp reduced their price objective on Middleby from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Barclays upped their price objective on Middleby from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Robert W. Baird reduced their price objective on Middleby from $188.00 to $162.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Middleby from $145.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Middleby has an average rating of “Hold” and an average price target of $168.14.

Middleby Stock Down 0.5%

MIDD opened at $146.68 on Friday. The business has a 50 day moving average price of $139.96 and a two-hundred day moving average price of $146.53. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.87 billion, a PE ratio of 20.23 and a beta of 1.65. Middleby has a 52 week low of $118.41 and a 52 week high of $182.73.

Middleby (NASDAQ:MIDD) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.14. The business had revenue of $906.63 million during the quarter, compared to the consensus estimate of $941.46 million. Middleby had a return on equity of 14.66% and a net margin of 10.14%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 EPS.

Institutional Investors Weigh In On Middleby

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Middleby by 121.4% in the 4th quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company’s stock worth $615,000 after acquiring an additional 2,425 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Middleby in the 4th quarter worth approximately $469,000. GHP Investment Advisors Inc. grew its holdings in shares of Middleby by 13.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 22,929 shares of the industrial products company’s stock worth $3,106,000 after acquiring an additional 2,763 shares during the period. Entropy Technologies LP grew its holdings in shares of Middleby by 281.3% in the 4th quarter. Entropy Technologies LP now owns 6,864 shares of the industrial products company’s stock worth $930,000 after acquiring an additional 5,064 shares during the period. Finally, Regents Gate Capital LLP acquired a new stake in shares of Middleby in the 4th quarter worth approximately $3,588,000. Institutional investors and hedge funds own 98.55% of the company’s stock.

Insiders Place Their Bets

In other Middleby news, Director Chapin Sarah Palisi sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $163.51, for a total transaction of $81,755.00. Following the transaction, the director now owns 6,111 shares in the company, valued at approximately $999,209.61. The trade was a 7.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward P. Garden bought 203,058 shares of the company’s stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $139.13 per share, for a total transaction of $28,251,459.54. Following the transaction, the director now directly owns 2,838,924 shares in the company, valued at $394,979,496.12. This trade represents a 7.70% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 640,968 shares of company stock worth $93,495,270. Company insiders own 6.18% of the company’s stock.

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.