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The Middleby ( (MIDD) ) just unveiled an announcement.
On December 4, 2025, The Middleby Corporation announced it will sell a 51% stake in its Residential Kitchen business to 26North Partners LP, valuing the business at $885 million. This transaction, along with the planned spin-off of its Food Processing business, marks a strategic shift for Middleby towards becoming a pure-play leader in commercial foodservice equipment. The deal will provide Middleby with $540 million in cash proceeds, which will be used to repurchase shares and optimize its capital structure, while retaining a 49% stake in the new joint venture. This move is expected to enhance Middleby’s growth potential in the commercial foodservice sector, focusing on automation, innovation, and new market opportunities.
The most recent analyst rating on (MIDD) stock is a Buy with a $168.00 price target. To see the full list of analyst forecasts on The Middleby stock, see the MIDD Stock Forecast page.
Spark’s Take on MIDD Stock
According to Spark, TipRanks’ AI Analyst, MIDD is a Neutral.
Middleby’s overall stock score reflects strong earnings performance and reasonable valuation, but is weighed down by technical indicators showing bearish trends and financial challenges such as declining revenue growth and negative free cash flow growth. The earnings call provided some optimism with strategic investments, but significant challenges remain.
To see Spark’s full report on MIDD stock, click here.
More about The Middleby
The Middleby Corporation is a global leader in the foodservice industry, developing and manufacturing solutions for commercial foodservice, food processing, and residential kitchens. The company is known for its advanced solutions showcased in its Innovation Kitchens and showrooms.
Average Trading Volume: 691,807
Technical Sentiment Signal: Sell
Current Market Cap: $5.91B
See more data about MIDD stock on TipRanks’ Stock Analysis page.