MiddlebyMIDD
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
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Keybanc Jeffrey Hammond 31% 1-year accuracy 14 / 45 met price target | 38%upside $175 | Overweight Maintained | 8 Apr 2025 |
Canaccord Genuity Brian McNamara 29% 1-year accuracy 12 / 42 met price target | 58%upside $200 | Buy Maintained | 26 Feb 2025 |
JP Morgan Tami Zakaria 26% 1-year accuracy 9 / 35 met price target | 18%upside $150 | Underweight Maintained | 26 Feb 2025 |
Barclays Adam Seiden 26% 1-year accuracy 5 / 19 met price target | 42%upside $180 | Overweight Maintained | 26 Feb 2025 |
Baird Mig Dobre 0% 1-year accuracy 0 / 2 met price target | 79%upside $227 | Outperform Maintained | 28 Jan 2025 |
Financial journalist opinion
