Middleby Appoints New CFO Brittany Cerwin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy MIDD?
Source: seekingalpha
- Executive Change: Middleby has appointed Brittany Cerwin as CFO, effective immediately, succeeding Bryan Mittelman, who has served as CFO since 2019 and will transition to a special advisor role, indicating a strategic shift in financial leadership.
- Financial Expertise: Cerwin, previously the chief accounting officer, brings extensive financial management experience, and her appointment is expected to enhance the company's financial leadership, aiding in performance optimization amid weak industry demand.
- Strategic Revenue Goals: Middleby has set a revenue target of $3.27 billion to $3.36 billion for 2026, reflecting the company's commitment to portfolio optimization while aiming for robust growth in a challenging market environment, which may bolster investor confidence.
- Market Challenges: Despite proactive strategic adjustments, weak industry demand remains a significant overhang, and Cerwin's appointment could help the company navigate these challenges more effectively and enhance financial flexibility.
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Analyst Views on MIDD
Wall Street analysts forecast MIDD stock price to rise
6 Analyst Rating
4 Buy
1 Hold
1 Sell
Moderate Buy
Current: 128.630
Low
125.00
Averages
163.60
High
175.00
Current: 128.630
Low
125.00
Averages
163.60
High
175.00
About MIDD
The Middleby Corporation is a manufacturer of equipment for the commercial foodservice, residential kitchens and food processing industries. The Company’s segments include the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group segment has a portfolio of foodservice equipment, which enables it to serve virtually any cooking, warming, holding, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. The Food Processing Equipment Group segment offers a portfolio of processing solutions for customers producing protein products, such as bacon, salami, hot dogs, dinner sausages, poultry and lunchmeats and bakery products, such as cakes, muffins, cookies, crackers, pastries, bread and buns. The Residential Kitchen Equipment Group segment manufactures, sells and distributes premium kitchen equipment for the residential market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Middleby Appoints New Chief Financial Officer
- Executive Change: Middleby Corporation has appointed Brittany Cerwin as Chief Financial Officer, effective immediately, replacing Bryan Mittelman, who has served as CFO since 2019 and will transition to a Special Advisor role to the CEO, indicating the company's commitment to strong financial leadership.
- Financial Background: Brittany Cerwin has been an integral part of the Middleby finance team since joining 15 years ago, and her financial expertise and exceptional leadership are highly respected within the organization, suggesting stability and continuity in the company's financial management going forward.
- Market Reaction: On the day prior to the announcement, Middleby shares closed at $136.10, down 1.13%, reflecting a cautious market sentiment regarding the executive change, which may impact investor confidence.
- Strategic Implications: This executive transition not only recognizes internal talent but may also bring new financial strategic directions for Middleby to navigate the evolving market landscape and enhance the company's competitiveness.
See More
Middleby Appoints New CFO Brittany Cerwin
- Executive Change: Middleby has appointed Brittany Cerwin as CFO, effective immediately, succeeding Bryan Mittelman, who has served as CFO since 2019 and will transition to a special advisor role, indicating a strategic shift in financial leadership.
- Financial Expertise: Cerwin, previously the chief accounting officer, brings extensive financial management experience, and her appointment is expected to enhance the company's financial leadership, aiding in performance optimization amid weak industry demand.
- Strategic Revenue Goals: Middleby has set a revenue target of $3.27 billion to $3.36 billion for 2026, reflecting the company's commitment to portfolio optimization while aiming for robust growth in a challenging market environment, which may bolster investor confidence.
- Market Challenges: Despite proactive strategic adjustments, weak industry demand remains a significant overhang, and Cerwin's appointment could help the company navigate these challenges more effectively and enhance financial flexibility.
See More
MIDDLEBY NAMES BRITTANY CERWIN AS CFO
- New Appointment: Brittany Cerwin has been appointed as the Chief Financial Officer (CFO).
- Role Significance: The CFO position is crucial for overseeing the financial operations and strategy of the organization.
See More
Middleby Completes $885M Divestiture and Plans Food Processing Spin-off
- Divestiture Completed: Middleby has successfully completed the $885 million divestiture of its Residential Kitchen business and plans to spin off its Food Processing segment in Q2 2026, a strategy aimed at enhancing overall operational efficiency and focusing on core businesses.
- Significant Order Growth: The Food Processing segment reported a 66% year-over-year increase in orders for Q4 2024, with a 36% rise in year-end backlog, indicating strong market demand that is expected to provide a solid foundation for its future independent operations.
- Increased Market Pressures: Despite implementing a $710 million share repurchase program to bolster market confidence, the Commercial Foodservice business faces organic growth guidance of only 1% to 3% due to weaknesses in quick-service restaurant customers and tariff pressures, which may impact overall financial performance.
- Analyst Optimism: Analysts remain optimistic about the company's future, with Wolfe Research and Canaccord Genuity raising their price targets to $193 and $203 respectively, reflecting confidence in the potential improvement of the Commercial Foodservice business.
See More
Garden Investment Increases Stake in The Middleby Corporation
- Stake Increase: Garden Investment Management increased its stake in The Middleby Corporation by 102,903 shares during Q4 2025, with an estimated transaction value of approximately $13.51 million, indicating confidence in the company's future prospects.
- Investment Returns: By quarter-end, the total value of the increased stake rose to $66.88 million, reflecting both the rise in share price and the contribution of additional shares, suggesting investor optimism regarding Middleby's strategic transformation.
- Strategic Transition: Middleby recently sold a 51% stake in its Residential Kitchen business at an enterprise valuation of $885 million and plans to spin off its Food Processing segment in Q2, aiming to enhance focus and profitability across its business units.
- Market Outlook: The Food Processing segment generated $265 million in revenue last year and has a record backlog, and Garden Investment's stake increase signals confidence in Middleby's growth potential, which is expected to yield higher returns for investors.
See More
Garden Investment Increases Stake in The Middleby Corporation
- Stake Increase: Garden Investment added 102,903 shares of The Middleby Corporation in Q4 2025, with an estimated trade value of $13.5 million, raising its total stake to 3,379,737 shares, representing over 6%, indicating confidence in the company's strategy.
- Concentration of Assets: Middleby is the only reported 13F holding for Garden Investment, accounting for 100% of its assets under management, reflecting the investment firm's strong commitment and optimism regarding Middleby's growth potential.
- Strategic Transformation: Middleby recently sold a 51% stake in its Residential Kitchen business at an enterprise valuation of $885 million and plans to spin off its Food Processing segment in Q2, aiming to enhance focus and returns across its business units.
- Market Outlook: The Food Processing segment generated $265 million in revenue last year and has a record backlog, suggesting that Garden Investment's increased stake could drive Middleby to achieve higher shareholder value in the future.
See More
Middleby Appoints New Chief Financial Officer
- Executive Change: Middleby Corporation has appointed Brittany Cerwin as Chief Financial Officer, effective immediately, replacing Bryan Mittelman, who has served as CFO since 2019 and will transition to a Special Advisor role to the CEO, indicating the company's commitment to strong financial leadership.
- Financial Background: Brittany Cerwin has been an integral part of the Middleby finance team since joining 15 years ago, and her financial expertise and exceptional leadership are highly respected within the organization, suggesting stability and continuity in the company's financial management going forward.
- Market Reaction: On the day prior to the announcement, Middleby shares closed at $136.10, down 1.13%, reflecting a cautious market sentiment regarding the executive change, which may impact investor confidence.
- Strategic Implications: This executive transition not only recognizes internal talent but may also bring new financial strategic directions for Middleby to navigate the evolving market landscape and enhance the company's competitiveness.
See More
Middleby Appoints New CFO Brittany Cerwin
- Executive Change: Middleby has appointed Brittany Cerwin as CFO, effective immediately, succeeding Bryan Mittelman, who has served as CFO since 2019 and will transition to a special advisor role, indicating a strategic shift in financial leadership.
- Financial Expertise: Cerwin, previously the chief accounting officer, brings extensive financial management experience, and her appointment is expected to enhance the company's financial leadership, aiding in performance optimization amid weak industry demand.
- Strategic Revenue Goals: Middleby has set a revenue target of $3.27 billion to $3.36 billion for 2026, reflecting the company's commitment to portfolio optimization while aiming for robust growth in a challenging market environment, which may bolster investor confidence.
- Market Challenges: Despite proactive strategic adjustments, weak industry demand remains a significant overhang, and Cerwin's appointment could help the company navigate these challenges more effectively and enhance financial flexibility.
See More
MIDDLEBY NAMES BRITTANY CERWIN AS CFO
- New Appointment: Brittany Cerwin has been appointed as the Chief Financial Officer (CFO).
- Role Significance: The CFO position is crucial for overseeing the financial operations and strategy of the organization.
See More
Middleby Completes $885M Divestiture and Plans Food Processing Spin-off
- Divestiture Completed: Middleby has successfully completed the $885 million divestiture of its Residential Kitchen business and plans to spin off its Food Processing segment in Q2 2026, a strategy aimed at enhancing overall operational efficiency and focusing on core businesses.
- Significant Order Growth: The Food Processing segment reported a 66% year-over-year increase in orders for Q4 2024, with a 36% rise in year-end backlog, indicating strong market demand that is expected to provide a solid foundation for its future independent operations.
- Increased Market Pressures: Despite implementing a $710 million share repurchase program to bolster market confidence, the Commercial Foodservice business faces organic growth guidance of only 1% to 3% due to weaknesses in quick-service restaurant customers and tariff pressures, which may impact overall financial performance.
- Analyst Optimism: Analysts remain optimistic about the company's future, with Wolfe Research and Canaccord Genuity raising their price targets to $193 and $203 respectively, reflecting confidence in the potential improvement of the Commercial Foodservice business.
See More
Garden Investment Increases Stake in The Middleby Corporation
- Stake Increase: Garden Investment Management increased its stake in The Middleby Corporation by 102,903 shares during Q4 2025, with an estimated transaction value of approximately $13.51 million, indicating confidence in the company's future prospects.
- Investment Returns: By quarter-end, the total value of the increased stake rose to $66.88 million, reflecting both the rise in share price and the contribution of additional shares, suggesting investor optimism regarding Middleby's strategic transformation.
- Strategic Transition: Middleby recently sold a 51% stake in its Residential Kitchen business at an enterprise valuation of $885 million and plans to spin off its Food Processing segment in Q2, aiming to enhance focus and profitability across its business units.
- Market Outlook: The Food Processing segment generated $265 million in revenue last year and has a record backlog, and Garden Investment's stake increase signals confidence in Middleby's growth potential, which is expected to yield higher returns for investors.
See More
Garden Investment Increases Stake in The Middleby Corporation
- Stake Increase: Garden Investment added 102,903 shares of The Middleby Corporation in Q4 2025, with an estimated trade value of $13.5 million, raising its total stake to 3,379,737 shares, representing over 6%, indicating confidence in the company's strategy.
- Concentration of Assets: Middleby is the only reported 13F holding for Garden Investment, accounting for 100% of its assets under management, reflecting the investment firm's strong commitment and optimism regarding Middleby's growth potential.
- Strategic Transformation: Middleby recently sold a 51% stake in its Residential Kitchen business at an enterprise valuation of $885 million and plans to spin off its Food Processing segment in Q2, aiming to enhance focus and returns across its business units.
- Market Outlook: The Food Processing segment generated $265 million in revenue last year and has a record backlog, suggesting that Garden Investment's increased stake could drive Middleby to achieve higher shareholder value in the future.
See More
