MIDD Should I Buy
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Middleby Corp (MIDD) is not a strong buy at this moment for a beginner investor with a long-term strategy. Despite positive analyst upgrades and a bullish technical setup, the company's weak financial performance in Q3 2025, coupled with hedge fund selling and lack of strong proprietary trading signals, suggests a cautious approach. Holding the stock or waiting for a clearer entry point post-earnings release would be more prudent.
The technical indicators are moderately bullish. The MACD is positive and contracting, RSI is neutral at 60.279, and moving averages (SMA_5 > SMA_20 > SMA_200) are bullish. Key support and resistance levels are Pivot: 162.197, R1: 167.155, S1: 157.239, R2: 170.219, S2: 154.175.
Analyst upgrades from Jefferies and Canaccord with a price target of $175, citing recovery in commercial foodservice demand and strategic divestiture of the Residential Kitchen business.
Bullish technical indicators and pre-market price stability.
Weak Q3 2025 financial performance with significant drops in net income (-549.33% YoY) and EPS (-581.04% YoY).
Hedge funds are selling, with a 102.65% increase in selling activity over the last quarter.
No recent congress trading data or strong proprietary trading signals.
In Q3 2025, revenue increased by 4.17% YoY to $982.13M, but net income dropped significantly to -$512.98M (-549.33% YoY), and EPS fell to -10.15 (-581.04% YoY). Gross margin also declined to 36.79% (-2.41% YoY).
Analysts are optimistic, with Jefferies upgrading the stock to Buy and raising the price target to $175 from $130, and Canaccord increasing the price target to $175 from $171. Both cite strong growth potential and strategic business decisions as key drivers.
