MiddlebyMIDD
MIDD
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
0
Funds holding %
of 7,290 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
133% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 7 (+4) [Q4]
19% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 47
2.38% more ownership
Funds ownership: 106.83% [Q3] → 109.21% (+2.38%) [Q4]
0% more funds holding
Funds holding: 382 [Q3] → 383 (+1) [Q4]
0% less capital invested
Capital invested by funds: $7.99B [Q3] → $7.96B (-$33.7M) [Q4]
17% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 141
87% less call options, than puts
Call options by funds: $49.5M | Put options by funds: $396M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$145
14%
downside
Avg. target
$182
7%
upside
High target
$227
34%
upside
5 analyst ratings
3 positive
60%
1 neutral
20%
1 negative
20%
JP Morgan Tami Zakaria 41% 1-year accuracy 14 / 34 met price target | 15%downside $145 | Underweight Maintained | 3 Feb 2025 |
Baird Mig Dobre 50% 1-year accuracy 1 / 2 met price target | 34%upside $227 | Outperform Maintained | 28 Jan 2025 |
Keybanc David Tarantino 63% 1-year accuracy 15 / 24 met price target | 9%upside $185 | Overweight Maintained | 27 Jan 2025 |
Canaccord Genuity Brian McNamara 48% 1-year accuracy 22 / 46 met price target | 13%upside $192 | Buy Maintained | 27 Jan 2025 |
Jefferies Saree Boroditsky 50% 1-year accuracy 4 / 8 met price target | 6%downside $160 | Hold Downgraded | 12 Dec 2024 |
Financial journalist opinion
Based on 8 articles about MIDD published over the past 30 days
Neutral
Business Wire
3 hours ago
Middleby Appoints Ed Garden and Julie Bowerman to its Board of Directors
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, today announced the appointment of Julie Bowerman and Ed Garden to its Board of Directors, effective immediately. Ms. Bowerman is an experienced public company director with more than 25 years of success in the food and beverage industry. She currently serves as Chief Marketing Officer of Kellanova C.
Neutral
Business Wire
3 hours ago
Middleby Announces Intent to Separate Food Processing Business into a Standalone Public Company, Creating Independent Innovative Leaders in the Kitchen Equipment and Food Processing Industries
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, today announced that as an update on its previously announced strategic review its Board of Directors has unanimously approved a plan to separate its food processing business into a standalone public company. This separation creates two independent and innovative leaders: The Middleby Corporation (Mi.
Neutral
Business Wire
4 hours ago
The Middleby Corporation Reports Fourth 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 fourth quarter of 2024. “We closed 2024 by delivering our strongest margins of the year. Exceptional profitability achievements by our Food Processing and Commercial Foodservice platforms, and a strong result in the residential segment given the depressed marke.
Positive
Zacks Investment Research
1 day ago
Seeking Clues to Middleby (MIDD) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Middleby (MIDD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Positive
Zacks Investment Research
3 days ago
Here's Why You Should Keep Middleby Stock in Your Portfolio
MIDD gains from accretive acquisitions and focus on launching new products. The company's shareholder-friendly policies also bode well.
Neutral
Business Wire
5 days ago
Middleby Schedules Fourth Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 fourth quarter earnings on Tuesday, February 25 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 8 a.m. Eastern Time on February 25. The 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 domestic participants or 1-.
Negative
Zacks Investment Research
1 week ago
Analysts Estimate Middleby (MIDD) to Report a Decline in Earnings: What to Look Out for
Middleby (MIDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
4 weeks ago
Middleby Confirms Ongoing Strategic Review of Business Portfolio as Part of Board of Directors' Efforts to Maximize Shareholder Value
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby,” “The Company”) (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today confirmed that, as part of its Board of Directors' ongoing efforts to maximize shareholder value, the Company has been conducting a strategic review of its business portfolio, which started last year. The Board, with the assistance of outside financial and legal.
Negative
Zacks Investment Research
1 month ago
Reasons Why You Should Avoid Betting on Middleby Stock Right Now
MIDD's performance is affected by weakness in the Residential Kitchen Equipment and Commercial Foodservice Equipment segments, along with a high debt level.
Positive
Zacks Investment Research
2 months ago
Middleby Enhances Food Processing Group With Gorreri Acquisition
MIDD's acquisition of Gorreri bolsters its food processing equipment group operations, with the latter adding several complementary products to its portfolio.
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