MIDD

Middleby Corp

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149.700

+1.24(0.835%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

149.925

Open

148.790

VWAP

148.82

Vol

536.71K

Mkt Cap

8.01B

Low

146.750

Amount

79.87M

EV/EBITDA(TTM)

11.51

Total Shares

53.77M

9.65B

EV/OCF(TTM)

14.04

P/S(TTM)

2.11

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

1.03B

+1.45%

2.733

-5.1%

965.40M

+2.4%

2.289

-1.74%

974.44M

-1.72%

2.296

-3.93%

Estimates Revision

The market is revising Downward the revenue expectations for The Middleby Corporation (MIDD) for FY2025, with the revenue forecasts being adjusted by -2.4% over the past three months. During the same period, the stock price has changed by 14.64%.

Revenue Estimates for FY2025

Revise Downward

-2.4%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.27%

In Past 3 Month

Stock Price

Go Up

+14.64%

In Past 3 Month

6 Analyst Rating

6.61% Upside

Wall Street analysts forecast MIDD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MIDD is 159.60 USD with a low forecast of 125.00 USD and a high forecast of 186.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

2 Hold

1 Sell

Moderate Buy

6.61% Upside

Current: 149.700

Low

125.00

Averages

159.60

High

186.00

6.61% Upside

Current: 149.700

Low

125.00

Averages

159.60

High

186.00

Barclays

Overweight -> NULL

downgrade

$180 -> $165

2025-07-21

New

Reason

Barclays

Price Target

$180 -> $165

2025-07-21

New

downgrade

Overweight -> NULL

Reason

Barclays lowered the firm's price target on Middleby to $165 from $180 and keeps an Overweight rating on the shares as part of a Q2 preview for the machinery and construction group. The firm sees a high bar for the sector after a quarter of share outperformance. Investors are skewed away from aggregates and agriculture and more positive on machinery and construction, the analyst tells investors in a research note.

Canaccord

Buy

downgrade

$200 -> $186

2025-05-08

Reason

Canaccord

Price Target

$200 -> $186

2025-05-08

downgrade

Buy

Reason

Canaccord lowered the firm's price target on Middleby to $186 from $200 and keeps a Buy rating on the shares. The firm said they reported Q1 results that were about 4% below Street expectations on the top line but roughly 5% ahead on EPS. Their lowered target is driven by reduced estimates and a lower target multiple.

Baird

Mircea Dobre

Outperform

NULL

downgrade

$188 -> $162

2025-05-08

Reason

Baird

Mircea Dobre

Price Target

$188 -> $162

2025-05-08

downgrade

Outperform

NULL

Reason

Baird analyst Mircea Dobre lowered the firm's price target on Middleby to $162 from $188 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results where cost management will be key as demand begins to wobble.

Keybanc

Jeffrey Hammond

Buy

Maintains

$185 → $175

2025-04-08

Reason

Keybanc

Jeffrey Hammond

Price Target

$185 → $175

2025-04-08

Maintains

Buy

Reason

KeyBanc analyst Jeffrey Hammond lowered the firm's price target on Middleby to $175 from $185 and keeps an Overweight rating on the shares. Although companies across the Industrial universe took different approaches to the tariff impacts on guidance and the firm previously felt outlooks generally embedded some prudent conservatism, Liberation Day tariffs proved to be much more meaningful than anticipated and have created significant uncertainty for capital investment near-term. As such, KeyBanc sees risk to both the top- and margin-line updates on a go-forward basis.

Barclays

Adam Seiden

Buy

Maintains

$160 → $180

2025-02-26

Reason

Barclays

Adam Seiden

Price Target

$160 → $180

2025-02-26

Maintains

Buy

Reason

JP Morgan

Tami Zakaria

Sell

Maintains

$145 → $150

2025-02-26

Reason

JP Morgan

Tami Zakaria

Price Target

$145 → $150

2025-02-26

Maintains

Sell

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Middleby Corp (MIDD.O) is 15.86, compared to its 5-year average forward P/E of 16.31. For a more detailed relative valuation and DCF analysis to assess Middleby Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

16.31

Current PE

15.86

Overvalued PE

19.31

Undervalued PE

13.30

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

12.20

Current EV/EBITDA

11.22

Overvalued EV/EBITDA

14.08

Undervalued EV/EBITDA

10.32

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.11

Current PS

2.01

Overvalued PS

2.52

Undervalued PS

1.70