Middleby (NASDAQ:MIDD) Price Target Lowered to $151.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

Middleby (NASDAQ:MIDD – Get Free Report) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $185.00 to $151.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.65% from the company’s current price.

A number of other analysts have also recently weighed in on MIDD. Canaccord Genuity Group set a $200.00 price objective on shares of Middleby in a report on Friday, May 8th. Wall Street Zen lowered shares of Middleby from a “buy” rating to a “hold” rating in a research note on Sunday. Jefferies Financial Group dropped their price target on shares of Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Oppenheimer initiated coverage on Middleby in a report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Read Our Latest Stock Report on MIDD

Middleby Stock Performance

NASDAQ:MIDD traded down $1.62 during midday trading on Monday, reaching $134.04. 84,617 shares of the company traded hands, compared to its average volume of 638,730. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of -15.79 and a beta of 1.33. The company has a fifty day moving average price of $156.26 and a 200 day moving average price of $151.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.10. Middleby has a twelve month low of $110.82 and a twelve month high of $180.13.

Middleby (NASDAQ:MIDD – Get Free Report) last issued its earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.22. The firm had revenue of $839.91 million for the quarter, compared to analyst estimates of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company earned $2.08 earnings per share. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, analysts expect that Middleby will post 9.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Middleby

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIDD. Price T Rowe Associates Inc. MD lifted its position in Middleby by 49.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,772,249 shares of the industrial products company’s stock worth $858,161,000 after purchasing an additional 1,902,957 shares during the period. Garden Investment Management L.P. increased its position in shares of Middleby by 3.1% during the 4th quarter. Garden Investment Management L.P. now owns 3,379,737 shares of the industrial products company’s stock valued at $502,466,000 after purchasing an additional 102,903 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Middleby by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,153,171 shares of the industrial products company’s stock worth $320,112,000 after buying an additional 75,047 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Middleby by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,486,120 shares of the industrial products company’s stock worth $220,950,000 after buying an additional 58,696 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its holdings in shares of Middleby by 4.2% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,461,810 shares of the industrial products company’s stock valued at $194,318,000 after buying an additional 59,050 shares during the period. Institutional investors own 98.55% of the company’s stock.

About Middleby

(Get Free Report)

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.

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