The Middleby Corporation $MIDD Shares Acquired by Vestor Capital LLC
Vestor Capital LLC increased its stake in The Middleby Corporation by 268% in Q2, owning 3,680 shares valued at $530,000. Other institutional investors also adjusted their holdings, with Price T Rowe Associates, Nuveen LLC, and others increasing their stakes. Middleby reported Q3 earnings of $2.37 per share, beating estimates, with revenue up 4.2% year-over-year. Analysts have mixed ratings on the stock, with a consensus rating of 'Hold' and a price target of $160.57.
Vestor Capital LLC increased its stake in shares of The Middleby Corporation (NASDAQ:MIDD - Free Report) by 268.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,680 shares of the industrial products company's stock after buying an additional 2,680 shares during the quarter. Vestor Capital LLC's holdings in Middleby were worth $530,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in Middleby by 59.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,029,484 shares of the industrial products company's stock valued at $460,422,000 after purchasing an additional 1,133,931 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Middleby during the first quarter worth about $29,733,000. Epoch Investment Partners Inc. boosted its position in Middleby by 32.5% in the first quarter. Epoch Investment Partners Inc. now owns 578,496 shares of the industrial products company's stock valued at $87,920,000 after buying an additional 141,769 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in Middleby by 200.0% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 200,409 shares of the industrial products company's stock worth $28,859,000 after buying an additional 133,608 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Middleby by 27.0% in the 2nd quarter. Franklin Resources Inc. now owns 621,794 shares of the industrial products company's stock worth $89,538,000 after buying an additional 132,191 shares during the period. Hedge funds and other institutional investors own 98.55% of the company's stock.
Middleby Stock Up 4.4%
Middleby stock opened at $117.59 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.56. The stock has a market capitalization of $5.92 billion, a PE ratio of 14.96 and a beta of 1.57. The business has a 50 day simple moving average of $129.01 and a 200-day simple moving average of $137.75. The Middleby Corporation has a 12 month low of $110.82 and a 12 month high of $182.73.
Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $982.13 million for the quarter, compared to analysts' expectations of $961.21 million. Middleby had a net margin of 11.06% and a return on equity of 14.14%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 EPS. Middleby has set its FY 2025 guidance at 8.990-9.140 EPS. Q4 2025 guidance at 2.190-2.340 EPS. On average, analysts anticipate that The Middleby Corporation will post 9.11 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Middleby from an "underweight" rating to a "neutral" rating and dropped their price objective for the company from $140.00 to $125.00 in a report on Friday, November 7th. Zacks Research raised shares of Middleby from a "strong sell" rating to a "hold" rating in a report on Monday, October 27th. Weiss Ratings reiterated a "sell (d)" rating on shares of Middleby in a research note on Monday, November 17th. Wall Street Zen raised Middleby from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Finally, Canaccord Genuity Group dropped their target price on Middleby from $175.00 to $171.00 and set a "buy" rating on the stock in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Middleby presently has a consensus rating of "Hold" and a consensus price target of $160.57.
Read Our Latest Report on MIDD
Middleby Company Profile
(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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