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The Middleby Corp (MIDD)
NASDAQ:MIDD
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MIDD Stock Chart & Stats
Day’s Range― - ―
52-Week Range$118.41 - $161.02
Previous CloseN/A
Volume185.65K
Average Volume (3M)545.13K
Market Cap
$7.62B
Enterprise Value$9.48B
Total Cash (Recent Filing)$68.48M
Total Debt (Recent Filing)$726.24M
Price to Earnings (P/E)19.6
Beta1.20
Next Earnings
Feb 26, 2025EPS Estimate
2.56Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.26
Shares Outstanding53,793,160
10 Day Avg. Volume503,134
30 Day Avg. Volume545,135
Standard Deviation0.12
R-Squared0.49
Alpha-0.00680
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.97
Price to Cash Flow (P/CF)12.20
P/FCF Ratio11.80
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit6.18
Enterprise Value/Ebitda16.13
Forecast
1Y Price Target
$156.50Price Target Upside10.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
The Middleby News
PremiumCompany Announcements
Middleby Corporation Navigates Economic Challenges with Strategic Focus
Bulls Say, Bears Say
Bulls Say
Market ResilienceFood Processing segment showed some resilience with positive year-over-year and sequential revenue growth expected in the upcoming quarter.
Organic GrowthResidential organic growth has been sequentially improving despite the overall challenging outlook.
Revenue ExpectationsManagement expects Q4 to be the 'best quarter of the year,' with revenue expected to achieve $1b and sequential growth projected at 6%.
Bears Say
Financial PerformanceMiddleby Corporation reported disappointing Q3 results with sales approximately 5% below consensus, impacting profitability metrics like adjusted EBITDA and EPS.
Market ConditionsChallenging macro conditions for Commercial Foodservice are impacting sales negatively, with lower restaurant traffic and higher food costs.
Restaurant TrafficRestaurant traffic remains sluggish despite renewed value focus, which could negatively impact MIDD if traffic weakness persists.
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Ownership Overview
1.33% Insiders
30.90% Mutual Funds
2.95% Other Institutional Investors
41.75% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MIDD FAQ
What was The Middleby Corp’s price range in the past 12 months?
The Middleby Corp lowest stock price was $118.41 and its highest was $161.01 in the past 12 months.
What is The Middleby Corp’s market cap?
The Middleby Corp’s market cap is $7.62B.
When is The Middleby Corp’s upcoming earnings report date?
The Middleby Corp’s upcoming earnings report date is Feb 26, 2025 which is in 35 days.
How were The Middleby Corp’s earnings last quarter?
The Middleby Corp released its earnings results on Oct 31, 2024. The company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.475 by -$0.145.
Is The Middleby Corp overvalued?
According to Wall Street analysts The Middleby Corp’s price is currently Undervalued.
Does The Middleby Corp pay dividends?
The Middleby Corp does not currently pay dividends.
What is The Middleby Corp’s EPS estimate?
The Middleby Corp’s EPS estimate is 2.56.
How many shares outstanding does The Middleby Corp have?
The Middleby Corp has 53,793,160 shares outstanding.
What happened to The Middleby Corp’s price movement after its last earnings report?
The Middleby Corp reported an EPS of $2.33 in its last earnings report, missing expectations of $2.475. Following the earnings report the stock price went down -7.608%.
Which hedge fund is a major shareholder of The Middleby Corp?
Among the largest hedge funds holding The Middleby Corp’s share is Turtle Creek Asset Management Inc.. It holds The Middleby Corp’s shares valued at 252M.
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The Middleby Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$156.50 (10.19% Upside)
$156.50 (10.19% Upside)
Blogger Sentiment
Bullish
MIDD Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 1.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $105.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.7%
Last 30 Days ▼ 4.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
4.90%
12-Months-Change
Fundamentals
Return on Equity
11.73%
Trailing 12-Months
Asset Growth
4.02%
Trailing 12-Months
Company Description
The Middleby Corp
The Middleby Corp. engages in the design, manufacture, marketing, and distribution of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, Residential Kitchen Equipment Group, and Corporate and Other. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group segment includes manufactures preparation, cooking, packaging food handling, and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group segment manufactures, sells, and distributes kitchen equipment such as cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation, and outdoor equipment for the residential market. The Corporate and Other segment refers to the corporate and other general company assets and operations. The company was founded in 1888 and is headquartered in Elgin, IL.
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MIDD Company Deck
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MIDD Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong cash flow, reduced leverage, and profitability initiatives despite revenue declines. However, significant challenges were noted in the Commercial Foodservice and Residential segments, along with broader macroeconomic headwinds affecting orders and growth prospects.Read More>---
MIDD Stock 12 Month Forecast
Average Price Target
$156.50
▲(10.19% Upside)
Technical Analysis
Dover
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A. O. Smith Corporation
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Best Analysts Covering MIDD
1 Year
1 Year Success Rate
10/21 ratings generated profit
1 Year Average Return
+7.02%
assigned a buy rating 3 months ago
Copying Jeffrey Hammond's trades and holding each position for 1 Year would result in 47.62% of your transactions generating a profit, with an average return of +7.02% per trade.
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