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The Middleby Corp (MIDD)
NASDAQ:MIDD
Holding MIDD?
Track your performance easily
MIDD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$109.59 - $161.02
Previous Close$139.67
Volume377.77K
Average Volume (3M)637.53K
Market Cap
$7.51B
Enterprise Value$9.45B
Total Cash (Recent Filing)$459.46M
Total Debt (Recent Filing)$2.40B
Price to Earnings (P/E)19.5
Beta1.25
Next Earnings
Nov 06, 2024EPS Estimate
$2.49Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.15
Shares Outstanding53,769,547
10 Day Avg. Volume654,096
30 Day Avg. Volume637,534
Standard Deviation0.12
R-Squared0.46
Alpha-0.00742
Financial Highlights & Ratios
Price to Book (P/B)2.19
Price to Sales (P/S)1.92
Price to Cash Flow (P/CF)12.50
P/FCF Ratio11.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.42
Enterprise Value/Gross Profit6.16
Enterprise Value/Ebitda16.04
Forecast
1Y Price Target
$159.00Price Target Upside13.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
The Middleby News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceManagement expects Q3 to be stronger than Q2, with revenues achieving at least $1b and increasing in Q4.
Order GrowthQ2 orders were the strongest in two years for each segment.
ValuationValuation is near the low end of the historical range, suggesting potential for upside.
Bears Say
Earnings Decline80% of operators said their business earnings fell in the past year as a result of inflation.
Inflation Impact87% of franchisees across all industries are experiencing either a moderate or substantial impact from inflation.
Traffic DeclineTraffic at QSR chains specializing in hamburgers, a highly important channel for fry consumption, declined more than 4%.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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 Nov 06, 2024 which is in 47 days.
How were The Middleby Corp’s earnings last quarter?
The Middleby Corp released its earnings results on Aug 01, 2024. The company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.306 by $0.084.
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 $2.49.
How many shares outstanding does The Middleby Corp have?
The Middleby Corp has 53,769,547 shares outstanding.
What happened to The Middleby Corp’s price movement after its last earnings report?
The Middleby Corp reported an EPS of $2.39 in its last earnings report, beating expectations of $2.306. Following the earnings report the stock price went up 6.476%.
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 239M.
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The Middleby Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$159.00 (13.84% Upside)
$159.00 (13.84% Upside)
Blogger Sentiment
Bullish
MIDD Sentiment 66%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 361.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $27.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days >0.1%
Last 30 Days >0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.74%
12-Months-Change
Fundamentals
Return on Equity
12.05%
Trailing 12-Months
Asset Growth
0.59%
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
Q2 2024
0:00 / 0:00
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MIDD Stock 12 Month Forecast
Average Price Target
$159.00
▲(13.84% Upside)
Technical Analysis
Best Analysts Covering MIDD
1 Year
1 Year Success Rate
9/20 ratings generated profit
1 Year Average Return
+8.00%
assigned a buy rating 24 days ago
Copying Jeffrey Hammond's trades and holding each position for 1 Year would result in 45.00% of your transactions generating a profit, with an average return of +8.00% per trade.
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