Middleby (MIDD) Stock Overview
Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
MIDD Community Fair Values
Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Capital Goods opportunity
CE
Fair Value from
CA$5.257.0% undervalued intrinsic discount
When GPS fails: this small cap is fixing a $54B drone problem
Key Points: Sparc AI (CSE:SPAI) is tackling a growing global problem: drones and aircraft failing when GPS is jammed or spoofed, a problem already driving massive government losses globally. Its Overwatch platform is a software solution to the hardware problem, using AI and existing sensors making it highly scalable across fleets.
Read full narrativeThe Middleby Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$158.23 |
| 52 Week High | US$169.44 |
| 52 Week Low | US$110.82 |
| Beta | 1.35 |
| 1 Month Change | 17.00% |
| 3 Month Change | -1.79% |
| 1 Year Change | 13.35% |
| 3 Year Change | 11.85% |
| 5 Year Change | -6.99% |
| Change since IPO | 21,476.83% |
Recent News & Updates
Narrative Update • May 04
MIDD: Core CFS Focus And Spinoffs Will Reshape Future Earnings Profile
Analysts have lifted the price target on Middleby by $18.38 to $185.25, reflecting updated views on fair value, revenue growth, and profitability after recent research that highlights the impact of the Residential Kitchen spinoff along with a sharper focus on the core CFS business. Analyst Commentary Recent Street research around Middleby has focused on how the Residential Kitchen spinoff and renewed emphasis on the core CFS business could influence valuation, execution, and growth expectations.
Narrative Update • Apr 19
MIDD: Refocused CFS Business And Traffic Recovery Hopes Will Shape Outlook
Narrative Update on Middleby The updated analyst price target for Middleby moves from about $140 to roughly $152. Analysts point to refreshed models around the Residential Kitchen spinoff, a sharper focus on the core CFS business, and expectations for recovering traffic and potential replacement demand as key supports for the new figure.Recent updates
Narrative Update • May 04
MIDD: Core CFS Focus And Spinoffs Will Reshape Future Earnings Profile
Analysts have lifted the price target on Middleby by $18.38 to $185.25, reflecting updated views on fair value, revenue growth, and profitability after recent research that highlights the impact of the Residential Kitchen spinoff along with a sharper focus on the core CFS business. Analyst Commentary Recent Street research around Middleby has focused on how the Residential Kitchen spinoff and renewed emphasis on the core CFS business could influence valuation, execution, and growth expectations.Narrative Update • Apr 19
MIDD: Refocused CFS Business And Traffic Recovery Hopes Will Shape Outlook
Narrative Update on Middleby The updated analyst price target for Middleby moves from about $140 to roughly $152. Analysts point to refreshed models around the Residential Kitchen spinoff, a sharper focus on the core CFS business, and expectations for recovering traffic and potential replacement demand as key supports for the new figure.
Narrative Update • Apr 05
MIDD: CFS Refocus And Residential Spinoff Are Expected To Unlock Upside
Narrative Update on Middleby Middleby's analyst price target holds steady at $203, as analysts point to the planned Residential Kitchen spinoff, renewed focus on the core CFS business, and updated traffic and replacement cycle assumptions as key supports for their valuation framework. Analyst Commentary Recent research shows a cluster of bullish analysts sharpening their views on Middleby, with several price targets moving higher and fresh coverage citing specific company level catalysts rather than broad market themes.Narrative Update • Mar 22
MIDD: CFS Refocus And Residential Spinoff Will Drive Future Upside
Analysts have lifted Middleby's consensus price target to $203 from $187, highlighting recent price target increases from multiple firms. They argue that the upcoming Residential Kitchen spinoff, a clearer focus on the core CFS business, and expectations for steadier industry trends together support this higher valuation anchor.Narrative Update • Mar 08
MIDD: Crown Jewel CFS Refocus And Buybacks Will Drive Future Upside
Narrative Update on Middleby The analyst price target for Middleby is now set at $203, a $2 adjustment that reflects updated assumptions on growth, profitability and P/E multiples as analysts factor in recent research pointing to renewed focus on the core CFS business following the Residential Kitchen spinoff. Analyst Commentary Recent research shows a series of upward price target revisions on Middleby, with the current $203 target sitting above prior marks of $187, $180 and $175.Narrative Update • Feb 22
MIDD: Higher Margin Assumptions Will Drive A Cautious Outlook Ahead
Analysts have lifted their price target on Middleby by $15 to $140, citing updated views on fair value, profit margins and future P/E assumptions reflected in recent research. Analyst Commentary Analysts highlighting the latest research point to a recalibration of fair value, with the new US$140 price target built on updated margin assumptions and P/E inputs.Narrative Update • Feb 06
MIDD: Mixed Research Views Will Shape Fairly Valued Yet Cautious Outlook
Analysts have nudged their fair value estimate for Middleby to $166.88 from $164.25. This change reflects updated price targets and recent research that reassesses the company’s risk profile and future P/E assumptions.Analysis Article • Feb 03
Estimating The Fair Value Of The Middleby Corporation (NASDAQ:MIDD)
Key Insights The projected fair value for Middleby is US$148 based on 2 Stage Free Cash Flow to Equity Middleby's...Narrative Update • Jan 23
MIDD: Residential Review And Buybacks Will Shape Constructive Yet Cautious Outlook
Analysts have lifted their fair value estimate for Middleby by about US$5 to roughly US$164, citing updated views on discount rates, profit margins and forward P/E. This follows recent Street research that reflects mixed but generally constructive revisions to price targets after the latest quarterly update and ongoing review of the Residential Kitchen business.Seeking Alpha • Jan 15
Middleby Making Smarter Moves, But Weak Industry Demand Is A Significant Overhang
Summary Middleby (MIDD) has shifted strategy, selling a majority stake in its underperforming Residential business and prioritizing capital returns to shareholders. MIDD faces sluggish end-markets, as restaurant capex is pressured by weak customer traffic, making meaningful growth and margin leverage more challenging near-term. Margin performance isn't bad relative to peers, but sustained EBITDA above 20% may be difficult before 2028 due to tariffs and weak operating leverage. Shares appear fairly valued; a pullback below $140 would improve the risk/reward, but current conditions do not justify a buy. Read the full article on Seeking AlphaNarrative Update • Jan 08
MIDD: Residential Kitchen Review Will Drive A Cautious Outlook Ahead
Narrative Update on Middleby Analysts have trimmed their targets on Middleby slightly, with recent moves such as Barclays cutting its target to US$168 from US$180 and Canaccord adjusting to US$171 from US$175. These changes reflect updated views on discount rates, growth assumptions, margins, and the ongoing review of the Residential Kitchen business.Analysis Article • Jan 07
Is Now An Opportune Moment To Examine The Middleby Corporation (NASDAQ:MIDD)?
The Middleby Corporation ( NASDAQ:MIDD ), might not be a large cap stock, but it led the NASDAQGS gainers with a...Narrative Update • Dec 25
MIDD: Residential Kitchen Review And Buybacks Will Shape Balanced Forward Outlook
Analysts have trimmed their average price target on Middleby by a mid single digit percentage to reflect slightly lower future earnings multiples and modestly higher discounting assumptions. They continue to cite a solid Q3 beat, a strategic review of the Residential Kitchen business and improving machinery inventories as support for a still constructive outlook.Analysis Article • Dec 18
Revenues Not Telling The Story For The Middleby Corporation (NASDAQ:MIDD) After Shares Rise 26%
The Middleby Corporation ( NASDAQ:MIDD ) shares have had a really impressive month, gaining 26% after a shaky period...Narrative Update • Dec 10
MIDD: Residential Kitchen Review Will Unlock Higher Margin Upside
The analyst price target for Middleby has inched higher to approximately $159 from about $157, as analysts factor in modestly stronger long term revenue growth and a notable uplift in expected profit margins, even as they temper future valuation multiples following recent target revisions and the ongoing review of the Residential Kitchen business. Analyst Commentary Bullish analysts highlight that, despite recent target trims, the balance of research remains constructive on Middleby, with price objectives that sit comfortably above the current trading range and imply continued upside as execution improves.Narrative Update • Nov 01
MIDD: Improving Inventory Trends Will Drive Outperformance Versus Industry Laggards
The analyst price target for Middleby has been raised to $180 from $165, a $15 increase. This change reflects analysts' optimism driven by improved inventory trends and opportunities among lagging peers.Narrative Update • Oct 18
Automation And IoT Will Transform Future Kitchen Operations
Middleby’s analyst price target has increased from $153.38 to $157.13, as analysts cite new Buy ratings and ongoing confidence in the company, even with recent sector challenges. Analyst Commentary Analyst opinions on Middleby reflect both optimism around the company’s fundamentals and caution due to macroeconomic and sector-specific headwinds.Analysis Article • Sep 08
Middleby (NASDAQ:MIDD) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Aug 11
Investors Met With Slowing Returns on Capital At Middleby (NASDAQ:MIDD)
NasdaqGS:MIDD 1 Year Share Price vs Fair Value Explore Middleby's Fair Values from the Community and select yours There...Narrative Update • Aug 08
Automation And IoT Will Transform Future Kitchen Operations
Middleby's consensus price target has been revised downward to $153, primarily reflecting a notable drop in net profit margin and an increase in future P/E valuation. What's in the News Repurchased 3,100,000 shares (5.78%) for $448.9 million between March 30 and July 31, completing 11.91% of the buyback program initiated in 2017.Analysis Article • Jul 29
Investors Appear Satisfied With The Middleby Corporation's (NASDAQ:MIDD) Prospects
It's not a stretch to say that The Middleby Corporation's ( NASDAQ:MIDD ) price-to-earnings (or "P/E") ratio of 18.4x...Analysis Article • Jul 16
Is It Too Late To Consider Buying The Middleby Corporation (NASDAQ:MIDD)?
While The Middleby Corporation ( NASDAQ:MIDD ) might not have the largest market cap around , it saw a decent share...Analysis Article • Jun 17
A Look At The Fair Value Of The Middleby Corporation (NASDAQ:MIDD)
Key Insights Middleby's estimated fair value is US$146 based on 2 Stage Free Cash Flow to Equity With US$144 share...Seeking Alpha • Mar 12
Middleby - Spinning Off Food Processing Is A Good Start, But There's More To Do
Summary Middleby’s management is spinning off Food Processing, but I'd like to see further restructuring, including a sale of Residential Kitchen and more "guardrails" on M&A spending. The company’s M&A strategy has been questionable, driving inconsistent returns and negative tangible book value, while generating little benefit for shareholders. This year could be a challenging one, with restaurants still under pressure from weak traffic and new housing and remodeling activity both lackluster. Valuation remains challenging. Further restructuring could definitely unlock value, but I don't see much undervaluation without meaningfully better margins and/or returns. Read the full article on Seeking AlphaSeeking Alpha • Jan 08
The Middleby Corporation: If You Can't Stand The Heat, Stay Out Of The Kitchen
Summary The Middleby Corporation has faced stagnation due to slower organic growth and reduced bolt-on dealmaking, but shares are becoming attractive if stabilization occurs in 2025. The company operates in the commercial foodservice, residential, and food processing sectors, leveraging synergies across its 120 brands to drive growth. Despite recent underperformance, Middleby has reduced net debt and resumed M&A activities, aiming for growth and improved margins by 2025. With MIDD shares trading at 15 times 2024 earnings, I am cautiously optimistic, considering buying on dips, especially if shares fall into the $120s. Read the full article on Seeking AlphaSeeking Alpha • Nov 02
The Middleby Corporation: Organic Growth In The CF Segment Continues To Be Poor
Summary Middleby's 3Q24 earnings were disappointing, primarily due to poor organic growth in its largest segment, Commercial Foodservice. The persistent weakness in the consumer spending environment, coupled with high mortgage rates and rising food costs, is negatively impacting the restaurant industry and, consequently, Middleby's business. Given the ongoing challenges in the Commercial Foodservice segment and the lack of near-term catalysts for a significant improvement, my hold rating on Middleby is maintained. Read the full article on Seeking Alpha
New Narrative • Aug 27
Innovations And Market Expansion Set To Propel Growth In The Food Industry
Middleby's expansion into new segments like beverage and ice, alongside technology innovations in automation and IoT, points to potential revenue growth and market share expansion.Seeking Alpha • Aug 16
Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments
Summary MIDD upgraded from sell to hold rating due to potential for strong organic growth acceleration in Commercial Foodservice segment. 2Q24 results show decline in revenue, but CF segment EBITDA margin held up well. Macro changes including lower inflation and interest rates may lead to an improved demand environment, but more data needed before confirming growth cycle. Read the full article on Seeking AlphaSeeking Alpha • Jun 14
The Middleby Corporation: Rating Downgrade On Potential FY24 EBITDA Miss
Summary Revenue growth for The Middleby Corporation is expected to be weak in 2H24. A weak demand environment in the Commercial Foodservice segment is likely to cause MIDD to miss FY24 EBITDA estimates. Pricing increases should put more pressure on demand. Read the full article on Seeking AlphaSeeking Alpha • Apr 01
The Middleby Corporation: Continued Growth And Cheap Stock Should Lead The Way Higher
Summary The Middleby Corporation's stock has only seen a 0.9% increase since February 2023, compared to the S&P 500's 28.1% increase. The company's revenue growth has been mixed, with the Commercial Foodservice and Food Processing segments showing impressive results, while the Residential Kitchen segment experienced a significant decline. Despite a decline in net income, Middleby's operating cash flow and EBITDA have improved, and the company is pursuing initiatives to improve profitability and target specific markets. Shares are also attractively priced and likely have upside as a result. Read the full article on Seeking AlphaShareholder Returns
| MIDD | US Machinery | US Market | |
|---|---|---|---|
| 7D | 12.7% | 0.2% | 2.1% |
| 1Y | 13.4% | 49.7% | 30.6% |
Return vs Industry: MIDD underperformed the US Machinery industry which returned 58.6% over the past year.
Return vs Market: MIDD underperformed the US Market which returned 31% over the past year.
Price Volatility
| MIDD volatility | |
|---|---|
| MIDD Average Weekly Movement | 5.5% |
| Machinery Industry Average Movement | 6.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MIDD has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MIDD's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1888 | 8,826 | Tim FitzGerald | www.middleby.com |
The Middleby Corporation designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers and refrigerators, stainless steel fabrication, custom millwork, blast chillers, coldrooms, ice machines, and frozen dessert equipment; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispenser, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. The Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, spiral, serpentine, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, suspension, filling and depositing solution, and forming equipment; and automated loading and unloading and washing systems, auto guided vehicles, food safety, handling, cooling freezing, and defrosting and packaging equipment.
The Middleby Corporation Fundamentals Summary
| MIDD fundamental statistics | |
|---|---|
| Market cap | US$6.64b |
| Earnings (TTM) | US$367.49m |
| Revenue (TTM) | US$3.31b |
20.1x
P/E Ratio2.2x
P/S RatioIs MIDD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MIDD income statement (TTM) | |
|---|---|
| Revenue | US$3.31b |
| Cost of Revenue | US$2.03b |
| Gross Profit | US$1.28b |
| Other Expenses | US$915.04m |
| Earnings | US$367.49m |
Last Reported Earnings
Apr 04, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.88 |
| Gross Margin | 38.74% |
| Net Profit Margin | 11.10% |
| Debt/Equity Ratio | 78.9% |
How did MIDD perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 07:04 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/04/04 |
| Annual Earnings | 2026/01/03 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Middleby Corporation is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mircea Dobre | Baird |
| Adam Seiden | Barclays |
| Joel Tiss | BMO Capital Markets Equity Research |