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The Middleby Corp (MIDD)
NASDAQ:MIDD
MIDD Stock Chart & Stats
Day’s Range― - ―
52-Week Range$118.41 - $177.90
Previous CloseN/A
Volume185.65K
Average Volume (3M)857.05K
Market Cap
$9.14B
Enterprise Value$9.48B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)23.4
Beta1.23
Next Earnings
Feb 25, 2025EPS Estimate
2.55Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.26
Shares Outstanding53,793,160
10 Day Avg. Volume682,330
30 Day Avg. Volume857,053
Standard Deviation0.13
R-Squared0.47
Alpha-0.00386
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.36
Price to Cash Flow (P/CF)14.60
P/FCF Ratio14.20
Enterprise Value/Market Cap1.04
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit6.18
Enterprise Value/Ebitda12.55
Forecast
1Y Price Target
$181.80Price Target Upside6.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
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Bulls Say, Bears Say
Bulls Say
Activist InvestmentGarden Investments is launching its first investment — an activist position in Middleby — as it has accumulated nearly a 5% stake in MIDD and is planning to purchase more.
Future Performance ExpectationManagement expects Q4 to be the 'best quarter of the year,' with revenue expected to achieve $1b and sequential growth projected at 6%.
Revenue GrowthDespite a challenging macro for the housing market, some positives were noted, including double-digit% YTD revenue growth in outdoor products.
Bears Say
Financial PerformanceMiddleby Corporation reported disappointing Q3 results with sales approximately 5% below consensus, impacting profitability metrics like adjusted EBITDA and EPS.
Macroeconomic ChallengesChallenging 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 $177.90 in the past 12 months.
What is The Middleby Corp’s market cap?
The Middleby Corp’s market cap is $9.14B.
When is The Middleby Corp’s upcoming earnings report date?
The Middleby Corp’s upcoming earnings report date is Feb 25, 2025 which is in 3 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 2.55.
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?
Currently, no hedge funds are holding shares in MIDD
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The Middleby Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$181.80 (6.99% Upside)
$181.80 (6.99% Upside)
Blogger Sentiment
Bullish
MIDD Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 2.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $71.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.7%
Last 30 Days ▲ 11.0%
Last 30 Days ▲ 11.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
14.57%
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
$181.80
▲(6.99% Upside)
Technical Analysis
Best Analysts Covering MIDD
1 Year
1 Year Success Rate
14/22 ratings generated profit
1 Year Average Return
+13.49%
reiterated a buy rating 27 days ago
Copying Jeffrey Hammond's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +13.49% per trade.
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