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The Middleby Corporation (MIDD)

Stock Price: $188.73 USD 0.95 (0.51%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
Market Cap 10.43B
Revenue (ttm) 2.59B
Net Income (ttm) 222.78M
Shares Out 55.21M
EPS (ttm) 4.03
PE Ratio 46.87
Forward PE 24.27
Dividend n/a
Dividend Yield n/a
Trading Day July 23
Last Price $188.73
Previous Close $187.78
Change ($) 0.95
Change (%) 0.51%
Day's Open 188.65
Day's Range 187.12 - 189.64
Day's Volume 305,983
52-Week Range 82.04 - 189.64

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Middleby (MIDD) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

23 hours ago - Zacks Investment Research

GLOP, SGH, MIDD, and ARCH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 16, 2021.

Other stocks mentioned: ARCH, GLOP, SGH
1 week ago - Zacks Investment Research

Middleby (MIDD) receives a termination fee of $110 million in cash from Welbilt as their merger agreement gets terminated.

Other stocks mentioned: WBT
1 week ago - Zacks Investment Research

Middleby's (MIDD) Novy buyout is anticipated to expand product offerings and customer base in the residential built-in cooking market.

1 week ago - Zacks Investment Research

ESTE, MIDD, GRIN, and HIBB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 13, 2021

Other stocks mentioned: ESTE, GRIN, HIBB
1 week ago - Zacks Investment Research

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) today announced that, under the terms of its previously announced Merger Agreement with Welbilt, Inc. (NYSE: WBT), it w...

Other stocks mentioned: WBT
1 week ago - Business Wire

Middleby Corp (NASDAQ: MIDD) has acquired Novy , a manufacturer of premium residential ventilation hoods and cooktops based in Belgium, with sales of ~$90 million annually and EBITDA margins in excess o...

1 week ago - Benzinga

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Novy, a leading manufacturer of premium residential ventilation hoods and cooktops based in Belgi...

1 week ago - Business Wire

A look at why these stocks have outperformed and what investors can take away from them.

Other stocks mentioned: ODFL, SHW
2 weeks ago - The Motley Fool

Middleby (MIDD) benefits from solid orders in all three segments as market conditions recover from the pandemic woes. Gains from buyouts, and sales and distribution measures are aiding.

2 weeks ago - Zacks Investment Research

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt (NYSE:WBT) today announced that the Welbilt Board of Directors, in consultation with its legal and financial advisors, has determined that the revised uns...

Other stocks mentioned: WBT
2 weeks ago - Business Wire

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) today is releasing its current Q2 2021 and fiscal year 2021 forecast, well ahead of prior management forecasts and curr...

2 weeks ago - Business Wire

SAN FRANCISCO, June 28, 2021 /PRNewswire/ -- Botrista Technology, Inc.,  a company revolutionizing the beverage industry with the Botrista DrinkBot, today announced it has raised $10 million in a Series...

3 weeks ago - PRNewsWire

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today reiterated its commitment to completing its proposed merger with Welbilt, Inc. (NYSE: WBT), in face of the unsolicited and non...

Other stocks mentioned: WBT
1 month ago - Business Wire

Industrial stocks suffered badly last year. But with pent-up demand and Biden's $2 trillion infrastructure plan, things are looking up.

Other stocks mentioned: GNRC, KEX, TER, UHAL, URI, XLI
2 months ago - InvestorPlace

Middleby (MIDD) gains from its solid product portfolio, strength across industries, robust liquidity position, and acquired assets.

2 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for May 10th

Other stocks mentioned: ARNC, GIL, TNC
2 months ago - Zacks Investment Research

Middleby's (MIDD) Q1 earnings results reflect the benefits of recovering market conditions and demand improvement. Solid product offerings and a focus on innovation are likely to aid in the future.

2 months ago - Zacks Investment Research

Middleby (MIDD) delivered earnings and revenue surprises of 9.82% and 4.12%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, ...

2 months ago - Business Wire

Middleby Corp (MIDD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2021 first quarter earnings on Thursday, May 6 before the market opens. The company has scheduled a ...

2 months ago - Business Wire

Middleby (MIDD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for April 26th

Other stocks mentioned: DISH, HWC, LRCX
2 months ago - Zacks Investment Research

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Welbilt, Inc. (NYS...

Other stocks mentioned: WBT
3 months ago - Business Wire

Middleby (MIDD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength dow...

3 months ago - Zacks Investment Research

NEW YORK, April 21, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Welbilt, Inc. ("Welbilt" or the "Compa...

Other stocks mentioned: WBT
3 months ago - PRNewsWire

Find out what UiPath and Welbilt had to say to investors on a strong market day.

Other stocks mentioned: WBT
3 months ago - The Motley Fool

NEW YORK, April 21, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Welbilt, Inc. (NYSE: WBT) and its board of directors concerning the proposed acquisition ...

Other stocks mentioned: WBT
3 months ago - PRNewsWire

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. is fair to Middleby share...

3 months ago - Business Wire

ELGIN, Ill. & NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. (NYSE: WBT) have entered into a definitive agreement under which Middleby will acquire Wel...

Other stocks mentioned: WBT
3 months ago - Business Wire

ELGIN, Ill.--(BUSINESS WIRE)--TurboChef Technologies, LLC, a leader in accelerated cooking technologies, and a Middleby Corporation company (NASDAQ: MIDD), introduces PLEXOR, a generational advancement ...

4 months ago - Business Wire

ELGIN, Ill.--(BUSINESS WIRE)--Middleby announces its investment with Vyv, for use of the company's proprietary, antimicrobial LED technology.

4 months ago - Business Wire

Strong business models and reasonable valuations helped them weather market turbulence.

Other stocks mentioned: EMR, EQNR
4 months ago - The Motley Fool

Top-ranked mid-cap fund manager finds opportunity in foodservice and gaming stocks

YouTube video

Amy Zhang, top-rated small and mid-cap fund manager at Alger, discusses why Penn National, U.S. Foods and Middleby are good ways to play the economic recovery story.

Other stocks mentioned: PENN, USFD
4 months ago - CNBC Television

Middleby (MIDD) is likely to benefit from product innovation and technological-advancement actions, along with acquired assets. Its strong liquidity position also bodes well.

4 months ago - Zacks Investment Research

Middleby's (MIDD) fourth-quarter 2020 revenues decline 7.4% year over year due to lackluster performance of Commercial Foodservice Equipment Group segment.

4 months ago - Zacks Investment Research

Middleby (MIDD) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

4 months ago - Zacks Investment Research

The food service and kitchen equipment leader posted analyst-stumping results in the fourth quarter of 2020.

4 months ago - The Motley Fool

Middleby (MIDD) delivered earnings and revenue surprises of 14.08% and 4.83%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Shares of The Middleby (NASDAQ:MIDD) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 19.00% over the past year to $1.62, which beat the estimate...

4 months ago - Benzinga

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, ...

4 months ago - Business Wire

The Middleby (NASDAQ:MIDD) announces its next round of earnings this Monday, March 01. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

4 months ago - Benzinga

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) is proud to announce the grand opening of the Middleby Innovation Kitchens (the MIK) located in the Dallas area. The expansive 40,00...

5 months ago - Business Wire

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2020 fourth quarter earnings on Monday, March 1 before the market opens. The company has scheduled a...

5 months ago - Business Wire

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the retirement of Chief Operating Officer David Brewer, effective at the end of 2021. Dave joined Middleby in 2006 a...

5 months ago - Business Wire

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced promotions expanding the executive team. The new roles will support the execution of key strategic initiatives and c...

5 months ago - Business Wire

Middleby (MIDD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

Middleby (MIDD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

5 months ago - Zacks Investment Research

Ramp up of production level and strong growth in domestic orders are expected to get reflected in majority of industrial stocks' quarterly results. The impacts of the coronavirus outbreak will be a drag.

Other stocks mentioned: AIMC, IRBT, ITW, PH
5 months ago - Zacks Investment Research

About MIDD

The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, countertop cooking, and kitchen ventilation equipment; heated cabinets, ... [Read more...]

Industry
Specialty Industrial Machinery
Founded
1888
CEO
Timothy Fitzgerald
Employees
9,289
Stock Exchange
NASDAQ
Ticker Symbol
MIDD
Full Company Profile

Financial Performance

In 2020, MIDD's revenue was $2.51 billion, a decrease of -15.08% compared to the previous year's $2.96 billion. Earnings were $207.29 million, a decrease of -41.15%.

Financial Statements

Analyst Forecasts

According to 8 analysts, the average rating for MIDD stock is "Buy." The 12-month stock price forecast is 215.88, which is an increase of 14.39% from the latest price.

Price Target
$215.88
(14.39% upside)
Analyst Consensus: Buy