Zacks Research Issues Negative Outlook for Middleby Earnings

The Middleby Co. (NASDAQ:MIDD) – Stock analysts at Zacks Research decreased their Q1 2025 earnings estimates for shares of Middleby in a research report issued to clients and 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 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 analysts also recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $160.00 price target (down from $170.00) on shares of Middleby in a report on Thursday, December 12th. KeyCorp increased their price target on shares of Middleby from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Canaccord Genuity Group increased their price target on shares of Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a report on Monday, January 27th. Robert W. Baird increased their price target on shares of Middleby from $157.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of Middleby from a “buy” rating to a “hold” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $178.83.

Middleby Price Performance

Shares of Middleby stock opened at $171.62 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. Middleby has a fifty-two week low of $118.41 and a fifty-two week high of $177.90. The firm has a fifty day moving average price of $148.79 and a two-hundred day moving average price of $141.89. The company has a market cap of $9.23 billion, a PE ratio of 23.67 and a beta of 1.64.

Hedge Funds Weigh In On Middleby

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Burgundy Asset Management Ltd. bought a new position in shares of Middleby during the 4th quarter worth about $207,000. Two Sigma Advisers LP acquired a new stake in shares of Middleby during the 4th quarter worth about $298,000. Two Sigma Investments LP acquired a new stake in shares of Middleby during the 4th quarter worth about $1,621,000. Teza Capital Management LLC acquired a new stake in shares of Middleby during the 4th quarter worth about $2,129,000. Finally, Turtle Creek Asset Management Inc. increased its position in shares of Middleby by 2.9% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 1,866,359 shares of the industrial products company’s stock worth $252,798,000 after purchasing an additional 53,276 shares in the last quarter. 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.