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The Middleby Corp (MIDD)
NASDAQ:MIDD
The Middleby (MIDD) Stock Price & Analysis
347 Followers
MIDD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$109.59 - $161.02
Previous Close$142.6
Volume290.27K
Average Volume (3M)350.90K
Market Cap
$7.56B
Enterprise Value$9.74B
Total Cash (Recent Filing)$247.50M
Total Debt (Recent Filing)$2.43B
Price to Earnings (P/E)19.2
Beta1.34
Next Earnings
May 08, 2024EPS Estimate
$2.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.41
Shares Outstanding53,603,418
10 Day Avg. Volume242,452
30 Day Avg. Volume350,898
Standard Deviation0.12
R-Squared0.47
Alpha-0.00674
Financial Highlights & Ratios
Price to Book (P/B)-8.15
Price to Sales (P/S)7.33
Price to Cash Flow (P/CF)7.40
P/FCF Ratio6.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.41
Enterprise Value/Gross Profit6.35
Enterprise Value/Ebitda18.26
Forecast
1Y Price Target
$169.00Price Target Upside18.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
The Middleby News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company is making good progress on margins and free cash flow, which increased significantly.
Growth PotentialAnalyst recommends the stock for patient investors, viewing the company as best positioned to navigate a rapidly evolving food equipment marketplace.
ValuationValuation is near the lower end of the historical range, offering a potential entry point for patient investors.
Bears Say
Company OutlookManagement’s outlook for >3% CFS 2024 organic growth may be too optimistic.
Industry ChallengesResidential Kitchen segment faces significant headwinds due to high channel inventory and a disrupted housing market.
Market DemandResidential demand is bottoming with less visibility around a recovery trajectory.
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Ownership Overview
12.60% Insiders
33.85% Mutual Funds
24.78% Other Institutional Investors
28.77% 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 May 08, 2024 which is in 15 days.
How were The Middleby Corp’s earnings last quarter?
The Middleby Corp released its earnings results on Feb 20, 2024. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.19.
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 $2.08.
How many shares outstanding does The Middleby Corp have?
The Middleby Corp has 53,603,416 shares outstanding.
What happened to The Middleby Corp’s price movement after its last earnings report?
The Middleby Corp reported an EPS of $2.65 in its last earnings report, beating expectations of $2.46. Following the earnings report the stock price went up 2.608%.
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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$169.00 (18.51% Upside)
$169.00 (18.51% 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
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 6.2%
Last 30 Days ▼ 6.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
0.54%
12-Months-Change
Fundamentals
Return on Equity
13.26%
Trailing 12-Months
Asset Growth
0.46%
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
Q4 2024
0:00 / 0:00
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MIDD Stock 12 Months Forecast
Average Price Target
$169.00
▲(18.51% Upside)
Technical Analysis
Best Analysts Covering MIDD
1 Year
1 Year Success Rate
8/17 ratings generated profit
1 Year Average Return
+9.68%
assigned a buy rating 7 days ago
Copying Jeffrey Hammond's trades and holding each position for 1 Year would result in 47.06% of your transactions generating a profit, with an average return of +9.68% per trade.
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