Key Points
- Director Robert Nerbonne purchased 780 shares on Dec. 9 at an average price of $128.52 (≈$100,245), raising his stake to 21,471 shares — a 3.77% increase valued around $2.76M.
- Middleby beat Q3 estimates with EPS of $2.37 (vs. $2.03 expected) and $982.1M in revenue, and issued FY2025 EPS guidance of 8.99–9.14 (consensus ~9.11).
- Analysts are mixed: MarketBeat shows a consensus rating of Hold with an average price target of $161.14, while individual targets range roughly $125 to $175.
The Middleby Corporation (NASDAQ:MIDD - Get Free Report) Director Robert Nerbonne bought 780 shares of the company's stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $128.52 per share, with a total value of $100,245.60. Following the transaction, the director owned 21,471 shares of the company's stock, valued at $2,759,452.92. The trade was a 3.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Middleby Price Performance
Shares of Middleby stock opened at $129.00 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The Middleby Corporation has a 12 month low of $110.82 and a 12 month high of $182.73. The stock has a 50 day moving average of $125.90 and a 200 day moving average of $135.53. The firm has a market cap of $6.50 billion, a PE ratio of -29.32 and a beta of 1.39.
Middleby (NASDAQ:MIDD - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.34. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The business had revenue of $982.13 million for the quarter, compared to the consensus estimate of $961.21 million. During the same period in the prior year, the business posted $2.33 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS and its Q4 2025 guidance at 2.190-2.340 EPS. On average, research analysts expect that The Middleby Corporation will post 9.11 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on MIDD shares. Barclays set a $168.00 target price on shares of Middleby and gave the company an "overweight" rating in a research note on Tuesday, November 11th. Canaccord Genuity Group lifted their target price on Middleby from $171.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, December 5th. Zacks Research upgraded Middleby from a "strong sell" rating to a "hold" rating in a report on Monday, October 27th. JPMorgan Chase & Co. raised Middleby from an "underweight" rating to a "neutral" rating and dropped their target price for the company from $140.00 to $125.00 in a research report on Friday, November 7th. Finally, KeyCorp reissued an "overweight" rating on shares of Middleby in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Middleby presently has a consensus rating of "Hold" and a consensus price target of $161.14.
Check Out Our Latest Analysis on MIDD
Institutional Trading of Middleby
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIDD. Danske Bank A S acquired a new stake in Middleby in the 3rd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Middleby during the second quarter valued at approximately $30,000. Allworth Financial LP lifted its position in shares of Middleby by 168.8% in the second quarter. Allworth Financial LP now owns 207 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. TFC Financial Management Inc. boosted its stake in shares of Middleby by 23,000.0% in the third quarter. TFC Financial Management Inc. now owns 231 shares of the industrial products company's stock worth $31,000 after acquiring an additional 230 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Middleby by 135.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 245 shares of the industrial products company's stock valued at $33,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company's stock.
About Middleby
(
Get Free Report)
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.
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