SG Americas Securities LLC Sells 10,261 Shares of The Middleby Corporation $MIDD

by · The Cerbat Gem

SG Americas Securities LLC decreased its stake in The Middleby Corporation (NASDAQ:MIDD – Free Report) by 23.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 34,192 shares of the industrial products company’s stock after selling 10,261 shares during the period. SG Americas Securities LLC’s holdings in Middleby were worth $4,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Torren Management LLC purchased a new position in shares of Middleby during the 4th quarter valued at $25,000. Clearstead Advisors LLC boosted its holdings in Middleby by 201.8% in the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after buying an additional 111 shares during the period. Larson Financial Group LLC increased its stake in Middleby by 1,292.9% in the 4th quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company’s stock worth $29,000 after buying an additional 181 shares in the last quarter. Danske Bank A S purchased a new stake in Middleby in the 3rd quarter worth $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in Middleby during the fourth quarter valued at about $35,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MIDD. Canaccord Genuity Group set a $200.00 price target on Middleby in a research note on Friday, May 8th. Oppenheimer assumed coverage on shares of Middleby in a research report on Wednesday, June 17th. They set an “outperform” rating and a $205.00 price objective on the stock. Wall Street Zen raised shares of Middleby from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Middleby in a research report on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $195.00 price objective on shares of Middleby in a report on Tuesday, March 31st. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $191.62.

View Our Latest Stock Report on MIDD

Middleby Price Performance

Middleby stock opened at $173.02 on Tuesday. The firm has a 50-day moving average price of $153.72 and a 200-day moving average price of $150.95. The firm has a market capitalization of $7.82 billion, a PE ratio of -20.40 and a beta of 1.36. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $176.44.

Middleby (NASDAQ:MIDD – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The firm had revenue of $839.91 million during the quarter, compared to analyst estimates of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.Middleby’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. As a group, equities research analysts forecast that The Middleby Corporation will post 9.58 EPS for the current year.

Middleby Profile

(Free Report)

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.

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