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The Middleby Corp (MIDD)
NASDAQ:MIDD
The Middleby (MIDD) Stock Price & Analysis
348 Followers
MIDD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$109.59 - $161.02
Previous Close$121.25
Volume497.45K
Average Volume (3M)494.13K
Market Cap
$6.50B
Enterprise Value$8.57B
Total Cash (Recent Filing)$341.02M
Total Debt (Recent Filing)$2.41B
Price to Earnings (P/E)16.9
Beta1.42
Next Earnings
Aug 07, 2024EPS Estimate
$2.33Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.18
Shares Outstanding53,768,507
10 Day Avg. Volume641,564
30 Day Avg. Volume494,127
Standard Deviation0.12
R-Squared0.47
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-8.14
Price to Sales (P/S)6.71
Price to Cash Flow (P/CF)12.00
P/FCF Ratio11.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.17
Enterprise Value/Gross Profit5.59
Enterprise Value/Ebitda15.16
Forecast
1Y Price Target
$159.17Price Target Upside31.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
The Middleby News
Bulls Say, Bears Say
Bulls Say
Market OutlookRisk appears to the upside in our view, with potential for shares to go higher if the company refocuses on returning cash to shareholders through buybacks.
Order ImprovementOrder rates have improved over the past three quarters, with orders in April up 15% over the second half of the previous year.
Revenue GrowthManagement noted improvement in order volumes through the first quarter and the strongest year/year growth observed in April, expressing confidence for revenues to be up both sequentially and year/year in the second half.
Bears Say
EarningsRevenue below consensus with all segments below estimates.
Financial PerformanceMiddleby reported Q1 results that missed across the board with sales coming in ~5% below both CGe and consensus.
Market ConditionsA disrupted housing market continues to act as a drag on Residential Kitchen sales.
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Ownership Overview
12.63% Insiders
33.95% Mutual Funds
22.55% Other Institutional Investors
30.87% 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 $109.59 and its highest was $161.01 in the past 12 months.
What is The Middleby Corp’s market cap?
Currently, no data Available
When is The Middleby Corp’s upcoming earnings report date?
The Middleby Corp’s upcoming earnings report date is Aug 07, 2024 which is in 34 days.
How were The Middleby Corp’s earnings last quarter?
The Middleby Corp released its earnings results on May 08, 2024. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.061 by -$0.171.
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 $2.33.
How many shares outstanding does The Middleby Corp have?
The Middleby Corp has 53,768,505 shares outstanding.
What happened to The Middleby Corp’s price movement after its last earnings report?
The Middleby Corp reported an EPS of $1.89 in its last earnings report, missing expectations of $2.061. Following the earnings report the stock price went down -2.291%.
Which hedge fund is a major shareholder of The Middleby Corp?
Among the largest hedge funds holding The Middleby Corp’s share is EdgePoint Investment Group Inc.. It holds The Middleby Corp’s shares valued at 321M.
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The Middleby Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$159.17 (31.27% Upside)
$159.17 (31.27% Upside)
Blogger Sentiment
Bullish
MIDD Sentiment 80%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 5.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $304.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 4.9%
Last 30 Days ▼ 4.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-17.81%
12-Months-Change
Fundamentals
Return on Equity
12.58%
Trailing 12-Months
Asset Growth
-0.37%
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
Q1 2024
0:00 / 0:00
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MIDD Stock 12 Month Forecast
Average Price Target
$159.17
▲(31.27% Upside)
Technical Analysis
Best Analysts Covering MIDD
1 Year
1 Year Success Rate
7/18 ratings generated profit
1 Year Average Return
+1.96%
reiterated a buy rating 2 months ago
Copying Jeffrey Hammond's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +1.96% per trade.
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