Middleby (MIDD)

• Market cap: $7.15B
• 1 day: 0.43%
• 5 days: 3.95%
• 1 month: -12.26%
• 3 months: -22.32%
• 6 months: -5.01%
• Year to date: -0.43%
• 1 year: -4.04%
• 5 years: 139.71%
• 10 years: 31.59%
• Sector: Industrials
• Industry: Specialty Industrial Machinery

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: 10,616

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

133% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 7 (+4) [Q4]

23% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 47

6.63% more ownership

Funds ownership: 102.58% [Q3] → 109.21% (+6.63%) [Q4]

4% more capital invested

Capital invested by funds: $7.67B [Q3] → $7.96B (+$284M) [Q4]

1% more funds holding

Funds holding: 382 [Q3] → 385 (+3) [Q4]

16% less repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 140

87% less call options, than puts

Call options by funds: $49.5M | Put options by funds: $396M

Research analyst outlook

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

• Low target: $150 12% upside
• Avg. target: $176 32% upside
• High target: $200 50% upside

4 analyst ratings

• positive: 3 75%
• neutral: 0 0%
• negative: 1 25%

Keybanc Jeffrey Hammond 36% 1-year accuracy 16 / 45 met price target	31% upside $175	Overweight Maintained	8 Apr 2025
Canaccord Genuity Brian McNamara 32% 1-year accuracy 14 / 44 met price target	50% upside $200	Buy Maintained	26 Feb 2025
JP Morgan Tami Zakaria 31% 1-year accuracy 11 / 35 met price target	12% upside $150	Underweight Maintained	26 Feb 2025
Barclays Adam Seiden 37% 1-year accuracy 7 / 19 met price target	35% upside $180	Overweight Maintained	26 Feb 2025