MIDD Middleby Corp

The Middleby Corporation (NASDAQ:MIDD) has received a "Moderate Buy" consensus recommendation from eight brokerages, with an average 12-month price target of $161.33. Recent analyst upgrades and price target increases, alongside a director's significant share purchase, indicate positive sentiment. The company also surpassed Q3 earnings and revenue estimates and provided optimistic FY2025 EPS guidance.

Assenagon Asset Management S.A. significantly increased its stake in The Middleby Corporation (NASDAQ:MIDD) by 820.3% in Q3, purchasing an additional 26,741 shares to hold a total of 30,001 shares valued at approximately $3.99 million. Middleby reported strong Q3 earnings, surpassing revenue and EPS estimates, and analysts maintain a "Moderate Buy" rating with an average target price of $161.33. Other institutional investors also adjusted their positions in Middleby, and a director recently acquired additional shares.

Middleby (MIDD) is facing scrutiny due to flat organic revenue growth, slipping operating efficiency, and thinner returns on capital, leading to a more cautious market outlook. Despite these concerns, the stock has seen a recent rebound, with a 28% gain in the last month. The company's current valuation suggests it is 5.6% undervalued, driven by strategic acquisitions and potential for margin-led rerating, though tariff pressures and slow equipment replacement cycles pose risks.

Wedge Capital Management L L P NC has acquired a new position in The Middleby Corporation (NASDAQ:MIDD), purchasing 88,025 shares valued at approximately $11.7 million. This investment represents about 0.17% ownership of the industrial products company. Middleby recently surpassed Q3 earnings estimates with EPS of $2.37 on revenues of $982.1 million and provided optimistic FY2025 guidance, with institutional ownership of the stock being notably high at 98.55%.

The Middleby Corporation (NASDAQ:MIDD) has seen its shares rise 26% recently, but its annual return is only 8.0%. Despite this, the company's P/S ratio of 1.9x is consistent with the industry median, even though revenue growth has been minimal over the last three years and future forecasts suggest it will underperform the industry average. The article suggests that while investors are currently ignoring the limited growth expectations, maintaining the current stock price will be challenging if revenue growth doesn't improve.

Aaron Wealth Advisors LLC has acquired a new position of 8,761 shares, valued at approximately $1.17 million, in The Middleby Corporation (NASDAQ:MIDD) during the third quarter. The company maintains a "Moderate Buy" consensus rating from analysts with an average target price of $161.33. Recent insider activity also shows Director Robert A. Nerbonne purchasing 780 shares, increasing his holdings by 3.77%.