Zacks Research Has Bullish Forecast for Middleby Q1 Earnings

The Middleby Co. (NASDAQ:MIDD) – Equities researchers at Zacks Research raised their Q1 2025 earnings estimates for shares of Middleby in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the industrial products company will earn $1.92 per share for the quarter, up from their previous forecast of $1.89. The consensus estimate for Middleby’s current full-year earnings is $9.11 per share.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.38. Middleby had a net margin of 10.14% and a return on equity of 14.66%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.69 million. During the same quarter in the previous year, the firm posted $2.65 EPS. The business’s revenue was up .4% compared to the same quarter last year.

Several other analysts have also weighed in on MIDD. Canaccord Genuity Group lifted their price objective on Middleby from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of Middleby from $145.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. Barclays increased their price objective on shares of Middleby from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Robert W. Baird raised their price objective on shares of Middleby from $157.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, StockNews.com cut shares of Middleby from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Middleby has a consensus rating of “Hold” and a consensus price target of $180.86.

Middleby Trading Up 0.3 %

Shares of MIDD opened at $154.41 on Friday. The stock’s 50-day moving average price is $159.67 and its 200 day moving average price is $145.22. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 21.30 and a beta of 1.72. Middleby has a 12-month low of $118.41 and a 12-month high of $182.73.

Insider Transactions at Middleby

In related news, Director Chapin Sarah Palisi sold 500 shares of Middleby stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $163.51, for a total value of $81,755.00. Following the completion of the transaction, the director now directly owns 6,111 shares of the company’s stock, valued at $999,209.61. The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Middleby

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIDD. Blue Trust Inc. increased its stake in shares of Middleby by 121.4% in the 4th quarter. Blue Trust Inc. now owns 4,423 shares of the industrial products company’s stock valued at $615,000 after buying an additional 2,425 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Middleby in the 4th quarter valued at about $469,000. First Citizens Bank & Trust Co. bought a new stake in Middleby in the fourth quarter valued at approximately $219,000. GHP Investment Advisors Inc. raised its holdings in Middleby by 13.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 22,929 shares of the industrial products company’s stock worth $3,106,000 after purchasing an additional 2,763 shares during the period. Finally, Olstein Capital Management L.P. boosted its position in shares of Middleby by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 71,000 shares of the industrial products company’s stock worth $9,617,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Company Profile

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.