Middleby
MIDD
Market cap $7.36B

136.91 USD

-0.73

0.53%

Updated Oct 22, 10:47 AM EDT

1 day

-0.53%

5 days

-1.22%

1 month

-3.75%

3 months

5.28%

6 months

-3.54%

Year to date

-5.81%

1 year

19.61%

5 years

14.17%

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

Industrials Refrigeration & Service Industry Machinery

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

2% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 122

0.21% more ownership

Funds ownership: 102.11% [Q1] → 102.32% (+0.21%) [Q2]

3% less funds holding

Funds holding: 364 [Q1] → 354 (-10) [Q2]

16% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 63

23% less capital invested

Capital invested by funds: $8.79B [Q1] → $6.75B (-$2.04B) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 6 [Q1] → 4 (-2) [Q2]

65% less call options, than puts

Call options by funds: $42.1M | Put options by funds: $119M

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$120

12%

downside

Avg. target

$155

13%

upside

High target

$169

23%

upside

5 analyst ratings

4 positive

80%

0 neutral

0%

1 negative

20%

Canaccord Genuity Brian McNamara 32% 1-year accuracy 7 / 22 met price target	20%upside $164	Buy Maintained	13 Sept 2024
Canaccord Genuity Brian McNamara 32% 1-year accuracy 7 / 22 met price target	20%upside $164	Buy Maintained	30 Aug 2024
JP Morgan Tami Zakaria 69% 1-year accuracy 9 / 13 met price target	12%downside $120	Underweight Maintained	2 Aug 2024
Baird Mig Dobre 0% 1-year accuracy 0 / 1 met price target	23%upside $169	Outperform Maintained	2 Aug 2024
Canaccord Genuity Brian McNamara 32% 1-year accuracy 7 / 22 met price target	16%upside $159	Buy Maintained	25 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about MIDD published over the past 30 days

Middleby Schedules Third Quarter Earnings Release and Conference Call

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 third quarter earnings on Thursday, October 31 before the market opens. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern/10 a.m. Central Time on October 31. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference by dialing 1-844-481-3012 for.

Middleby Schedules Third Quarter Earnings Release and Conference Call

Middleby Acquires Emery Thompson Frozen Dessert Equipment Company

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Emery Thompson, a well-known, global brand in frozen dessert equipment. Located in Brooksville, Florida, the company has revenues of $10 million annually. “Emery Thompson is a highly respected, well-established brand that will greatly enhance our product offerings in the frozen dessert category. As gelato, frozen yogurt and custard, sorbet, hard ice cream, sherbet and Italian ice continue to.

Middleby Acquires Emery Thompson Frozen Dessert Equipment Company

Zacks Investment Research

Middleby Stock Boasts Strong Prospects Despite Headwinds

MIDD is set to benefit from its focus on launching new products. However, weakness in the Residential Kitchen Equipment Group and Commercial Foodservice Equipment Group segments remains a concern.

Middleby Stock Boasts Strong Prospects Despite Headwinds

Zacks Investment Research

Middleby Gains From Product Innovations & Buyouts, Risks Persist

MIDD gains from solid product offerings, acquired assets and a strong liquidity position. However, the soft residential kitchen equipment business is a woe.

Middleby Gains From Product Innovations & Buyouts, Risks Persist

Powerhouse Dynamics Returns to FSTEC 2024 for Third Consecutive Year, Showcasing Advanced Open Kitchen IoT Software with AI-Driven Energy Management

Visit Booth IA-55 for a Demonstration of the Leading IoT Solution for Foodservice Operators BOSTON , Sept. 4, 2024 /PRNewswire/ -- Powerhouse Dynamics, the leader in Internet of Things (IoT)-based solutions for the foodservice industry, is pleased to announce its return as a key sponsor of the 2024 FSTEC Conference, taking place September 16-18 in Grapevine, Texas.

Powerhouse Dynamics Returns to FSTEC 2024 for Third Consecutive Year, Showcasing Advanced Open Kitchen IoT Software with AI-Driven Energy Management

Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments

MIDD upgraded from sell to hold rating due to potential for strong organic growth acceleration in Commercial Foodservice segment. 2Q24 results show decline in revenue, but CF segment EBITDA margin held up well. Macro changes including lower inflation and interest rates may lead to an improved demand environment, but more data needed before confirming growth cycle.

Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments

Zacks Investment Research

Middleby (MIDD) Q2 Earnings Beat Estimates, Sales Down Y/Y

Middleby's (MIDD) second-quarter 2024 net sales decline 4.7% year over year on account of the lackluster performance of its segments.

Middleby (MIDD) Q2 Earnings Beat Estimates, Sales Down Y/Y

Zacks Investment Research

Middleby (MIDD) Reports Q2 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Middleby (MIDD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Middleby (MIDD) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Middleby (MIDD) Q2 Earnings and Revenues Surpass Estimates

Middleby (MIDD) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.47 per share a year ago.

Middleby (MIDD) Q2 Earnings and Revenues Surpass Estimates

The Middleby Corporation Reports Second Quarter Results

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the second quarter of 2024. “We continue to make progress toward our longer-term financial goals, posting strong profitability and record operating cash flows in the quarter. Orders trended positively during the quarter, with increases at all three of our segments.

The Middleby Corporation Reports Second Quarter Results

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