Middleby (MIDD) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Middleby (NASDAQ: MIDD):

• 2/3/2025 – Middleby had its price target raised by analysts at JPMorgan Chase & Co. from $134.00 to $145.00. They now have an “underweight” rating on the stock.
• 1/28/2025 – Middleby had its price target raised by analysts at Robert W. Baird from $157.00 to $227.00. They now have an “outperform” rating on the stock.
• 1/27/2025 – Middleby had its price target raised by analysts at KeyCorp from $160.00 to $185.00. They now have an “overweight” rating on the stock.
• 1/27/2025 – Middleby was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/27/2025 – Middleby had its price target raised by analysts at Canaccord Genuity Group Inc. from $155.00 to $192.00. They now have a “buy” rating on the stock.
• 12/20/2024 – Middleby had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $155.00 price target on the stock.
• 12/12/2024 – Middleby had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $160.00 price target on the stock, down previously from $170.00.

Middleby Stock Down 0.1 %

NASDAQ MIDD traded down $0.11 during trading hours on Tuesday, hitting $169.74. The company had a trading volume of 309,123 shares, compared to its average volume of 890,960. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70. The firm’s 50 day moving average is $143.37 and its 200 day moving average is $139.24. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 23.41 and a beta of 1.63. The Middleby Co. has a fifty-two week low of $118.41 and a fifty-two week high of $177.90.

Hedge Funds Weigh In On Middleby

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ST. Nicholas Private Asset Management Inc. purchased a new position in Middleby in the 4th quarter valued at about $1,131,000. Ieq Capital LLC purchased a new position in Middleby in the 4th quarter valued at about $258,000. Lorne Steinberg Wealth Management Inc. boosted its position in Middleby by 0.3% in 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 buying an additional 70 shares during the last quarter. Cardinal Capital Management boosted its position in Middleby by 8.5% in the 4th quarter. Cardinal Capital Management now owns 9,364 shares of the industrial products company’s stock valued at $1,268,000 after buying an additional 732 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Middleby by 5.2% during 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 last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

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.