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The Middleby Corp (MIDD)
NASDAQ:MIDD
The Middleby (MIDD) Stock Price & Analysis
346 Followers
MIDD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$109.59 - $161.02
Previous Close$135.79
Volume395.28K
Average Volume (3M)408.65K
Market Cap
$7.21B
Enterprise Value$9.48B
Total Cash (Recent Filing)$247.50M
Total Debt (Recent Filing)$2.43B
Price to Earnings (P/E)18.9
Beta1.38
Next Earnings
Aug 07, 2024EPS Estimate
$2.35Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.18
Shares Outstanding53,768,507
10 Day Avg. Volume655,705
30 Day Avg. Volume408,655
Standard Deviation0.12
R-Squared0.48
Alpha-0.00745
Financial Highlights & Ratios
Price to Book (P/B)-8.86
Price to Sales (P/S)7.24
Price to Cash Flow (P/CF)13.10
P/FCF Ratio12.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.35
Enterprise Value/Gross Profit6.18
Enterprise Value/Ebitda17.78
Forecast
1Y Price Target
$164.40Price Target Upside22.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
The Middleby News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceManagement expects improving trends sequentially throughout the year.
Operational EfficiencyThe company remains focused on operational efficiency and improving margins.
ValuationStock valuation is near the low end of its historical range, suggesting potential for upside.
Bears Say
Financial Performance1Q operating miss, organic sales below estimates in each segment.
Market ConditionsResidential segment organic sales down significantly with a soft housing market as a continuing headwind.
Outlook And GuidanceManagement’s outlook for >3% CFS 2024 organic growth may be too optimistic.
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Ownership Overview
12.56% Insiders
33.75% Mutual Funds
53.63% Other Institutional Investors
0.05% 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 $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 Aug 07, 2024 which is in 83 days.
How were The Middleby Corp’s earnings last quarter?
The Middleby Corp released its earnings results on May 08, 2024. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.061 by -$0.171.
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 $2.35.
How many shares outstanding does The Middleby Corp have?
The Middleby Corp has 53,768,505 shares outstanding.
What happened to The Middleby Corp’s price movement after its last earnings report?
The Middleby Corp reported an EPS of $1.89 in its last earnings report, missing expectations of $2.061. Following the earnings report the stock price went down -2.291%.
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 291M.
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The Middleby Stock Smart Score
Underperform
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Analyst Consensus
Strong Buy
Average Price Target:
$164.40 (22.59% Upside)
$164.40 (22.59% Upside)
Blogger Sentiment
Bullish
MIDD Sentiment 83%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 273.0 Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $206.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▲ 0.4%
Last 30 Days ▲ 0.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.88%
12-Months-Change
Fundamentals
Return on Equity
12.58%
Trailing 12-Months
Asset Growth
-0.37%
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
Q1 2024
0:00 / 0:00
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MIDD Stock 12 Month Forecast
Average Price Target
$164.40
▲(22.59% Upside)
Technical Analysis
Best Analysts Covering MIDD
1 Year
1 Year Success Rate
7/18 ratings generated profit
1 Year Average Return
+7.42%
reiterated a buy rating 8 days ago
Copying Jeffrey Hammond's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +7.42% per trade.
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