MIDD stock icon

Middleby
MIDD

$128.64
1.08%

Market Cap: 6.92B

 

About: The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.

Employees: 10,722

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

68% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 31

50% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 6 (+2) [Q1 2024]

27% more repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 106

11% more capital invested

Capital invested by funds: $7.76B [Q4 2023] → $8.62B (+$852M) [Q1 2024]

6% more funds holding

Funds holding: 338 [Q4 2023] → 359 (+21) [Q1 2024]

1.66% more ownership

Funds ownership: 98.38% [Q4 2023] → 100.03% (+1.66%) [Q1 2024]

80% less call options, than puts

Call options by funds: $29.6M | Put options by funds: $149M

Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$118
8%
downside
Avg. target
$157
22%
upside
High target
$184
43%
upside

5 analyst ratings

positive
80%
neutral
0%
negative
20%
Keybanc
Jeffrey Hammond
24%upside
$160
Overweight
Maintained
15 Jul 2024
JP Morgan
Tami Zakaria
8%downside
$118
Underweight
Downgraded
22 May 2024
Canaccord Genuity
Brian McNamara
24%upside
$159
Buy
Maintained
9 May 2024
Seaport Global
Walt Liptak
43%upside
$184
Buy
Maintained
18 Mar 2024
Canaccord Genuity
Brian McNamara
29%upside
$166
Buy
Maintained
21 Feb 2024

Financial journalist opinion