FY2025 EPS Estimates for Middleby Boosted by Zacks Research

The Middleby Co. (NASDAQ:MIDD) – Stock analysts at Zacks Research increased their FY2025 earnings per share (EPS) estimates for shares of Middleby in a research report issued to clients and investors on Thursday, January 30th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $8.93 per share for the year, up from their previous forecast of $8.92. The consensus estimate for Middleby’s current full-year earnings is $9.12 per share.

Several other research firms have also recently weighed in on MIDD. Robert W. Baird increased their price objective on Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. StockNews.com downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Canaccord Genuity Group upped their price objective on Middleby from $155.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, January 27th. KeyCorp boosted their price target on Middleby from $160.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 price target (down from $170.00) on shares of Middleby in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $178.83.

Middleby Stock Performance

Shares of MIDD stock opened at $169.84 on Monday. The company has a market capitalization of $9.14 billion, a P/E ratio of 23.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.70 and a current ratio of 2.81. The stock has a 50 day moving average price of $143.37 and a two-hundred day moving average price of $139.24. Middleby has a fifty-two week low of $118.41 and a fifty-two week high of $177.90.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Middleby by 4,494.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,266,327 shares of the industrial products company’s stock worth $171,524,000 after buying an additional 1,238,767 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Middleby by 17.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,138,999 shares of the industrial products company’s stock valued at $158,469,000 after purchasing an additional 171,634 shares during the last quarter. New York State Common Retirement Fund increased its position in Middleby by 275.2% during the third quarter. New York State Common Retirement Fund now owns 185,885 shares of the industrial products company’s stock valued at $25,862,000 after acquiring an additional 136,345 shares during the last quarter. Natixis Advisors LLC purchased a new stake in Middleby in the 3rd quarter worth about $10,928,000. Finally, Point72 Asset Management L.P. purchased a new position in Middleby during the 3rd quarter valued at $4,486,000. 98.55% of the stock is owned by hedge funds and other 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.