The Middleby Corporation (MIDD) Stock Price & Analysis
The Middleby Corporation (MIDD) closed at USD 114.04 on Wednesday, October 28, 2026, down 0.83% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 115; the Oct 28, 2026 session ranged USD 112.61–115.61 on volume of 430,566 shares. Market capitalization is $5.16B, with a 52-week range of USD 89.16–148.55 (NMS). Source: Nexqual, retrieved October 29, 2026 at 06:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MIDD.md
Key facts (MIDD)
- Last four reported quarters (through Jul 4, 2026): revenue $3.39B, net income -$471M (-13.9% margin), free cash flow $482M (SEC filings).
- 1 of 80 tracked superinvestors hold MIDD (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (11 analysts), mean target USD 155.67 (range 145–169).
- Total return with dividends: 1Y +13.4% vs S&P 500 +13.6%; 5Y -22.3% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 1.75, revenue estimate $634M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MIDD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.25B | $4.03B | $3.24B | $3.15B | $3.20B | $3.39B |
| Gross profit | $1.19B | $1.45B | $1.28B | $1.25B | $1.25B | — |
| Operating income | $630M | $640M | $652M | $644M | $575M | $560M |
| Net income | $488M | $437M | $401M | $428M | -$278M | -$471M |
| EPS (diluted) | $6.93 | $6.40 | $5.96 | $6.36 | -$4.28 | — |
| Free cash flow | $377M | $265M | $570M | $650M | $559M | $482M |
| Gross margin | 36.8% | 35.9% | 39.6% | 39.7% | 39.1% | — |
| Operating margin | 19.4% | 15.9% | 20.1% | 20.4% | 18.0% | 16.5% |
| Net margin | 15.0% | 10.8% | 12.4% | 13.6% | -8.7% | -13.9% |
| Revenue growth | +29.3% | +24.1% | -19.6% | -2.8% | +1.6% | — |
| Cash + short-term investments | $180M | $162M | $247M | $639M | $222M | — |
| Total debt | $2.41B | $2.72B | $2.43B | $2.40B | $2.17B | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 4, 2026) (MIDD)
P/S 1.5x · EV/EBITDA 11.2x · EV/Sales 2.1x · P/FCF 10.7x · P/B 2.3x · FCF yield 9.35% · Earnings yield -9.14% · Buyback yield (TTM) 18.22% · Net debt $1.82B · EV $6.98B
P/E at fiscal year-ends: Dec 2024 17.1x, Dec 2023 19.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (MIDD)
1 of 80 tracked investors hold MIDD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | 2.82% | $283M | Added +4.4% |
Analysts (MIDD)
Consensus Buy (mean 2.00 on a 1–5 scale), 11 analysts; mean target USD 155.67 (low 145, high 169).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | JP Morgan | Target lowered | Overweight | $147 → $145 |
| 2026-09-15 | JP Morgan | Upgrade | Neutral → Overweight | $141 → $147 |
| 2026-09-01 | Canaccord Genuity | Target raised | Buy | $157 → $160 |
| 2026-08-13 | Barclays | Target lowered | Overweight | $155 → $145 |
| 2026-08-12 | Canaccord Genuity | Target lowered | Buy | $165 → $157 |
| 2026-08-12 | Oppenheimer | Target lowered | Outperform | $205 → $160 |
| 2026-08-12 | JP Morgan | Target lowered | Neutral | $151 → $141 |
| 2026-07-20 | Barclays | Target lowered | Overweight | $190 → $155 |
| 2026-07-13 | JP Morgan | Target lowered | Neutral | $185 → $151 |
| 2026-07-08 | Jefferies | Target lowered | Buy | $200 → $160 |
Total return (dividends reinvested) (MIDD)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +13.4% | -22.3% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +13.4% | -4.9% |
| Volatility (annualized) | 34.1% | 34.5% |
| Max drawdown | -28.8% (Jul 2026→Oct 2026) | -43.2% (Jan 2022→Oct 2023) |
MIDD earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 11, 2026 | Quarter ended Jun 30, 2026 | $2.35 | $2.09 | Beat +12.4% | -8.7% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | $2.16 | $1.94 | Beat +11.3% | +15.6% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | $2.42 | $2.26 | Beat +7.1% | +7.0% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $2.37 | $2.07 | Beat +14.5% | -0.2% |
| Aug 6, 2025 | — | — | — | — | -17.0% |
| May 7, 2025 | — | — | — | — | +3.1% |
| Feb 25, 2025 | — | — | — | — | -1.7% |
| Oct 31, 2024 | — | — | — | — | -7.3% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
MIDD recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 13, 2026 | Schedule 13G/A | JPMORGAN CHASE & CO.: 4.5% of shares, passive 5%+ holder (amended) |
| Sep 10, 2026 | 8-K | Regulation FD disclosure |
| Sep 9, 2026 | 8-K | Regulation FD disclosure |
| Aug 13, 2026 | 10-Q | Quarterly report · period ended Jul 4, 2026 |
| Aug 11, 2026 | 8-K | Quarterly results |
| Jul 31, 2026 | Schedule 13G/A | Vanguard Capital Management: 4.8% of shares, passive 5%+ holder (amended) |
| Jul 9, 2026 | 8-K/A | Current report |
| Jul 6, 2026 | 8-K | Entered a material agreement; Completed an acquisition or sale of assets; Director or executive officer change, or pay arrangement; Regulation FD disclosure “Agreements with Midera Food Processing, Inc. On July 6, 2026, The Middleby Corporation (the "Company") completed its spin-off of Midera Food Processing, Inc., a Delaware corporation ("Midera"), into a new, publicly traded company (the "Spin-off"). As a result of the Spin-off, the Company has no ownership interest in Midera. The Company has entered into the following agreements with Midera in connection with the Spin-off in order to govern the ongoing relationship between the Company and Midera after the Spin-off…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
MIDD revenue by business segment (quarter ended Jul 4, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Commercial Foodservice Equipment Group | $630.6M | 72.0% | +8.6% |
| Food Processing Group | $244.9M | 28.0% | +13.3% |
| Total revenue | $875.5M | 100% | — |
MIDD revenue by region (quarter ended Jul 4, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States and Canada | $562.8M | 64.3% | +4.7% |
| Europe and Middle East | $206.6M | 23.6% | +27.9% |
| Asia | $63.5M | 7.3% | +7.1% |
| Latin America | $42.7M | 4.9% | +10.8% |
| Total revenue | $875.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MIDD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.75 | $1.69 | +3.5% | $634.0M | 10 |
| Next quarter (ends Dec 2026) | $1.78 | $1.68 | +6.1% | $631.0M | 10 |
| Current fiscal year (ends Dec 2026) | $6.87 | $7.92 | -13.2% | $2.51B | 11 |
| Next fiscal year (ends Dec 2027) | $7.78 | $8.62 | -9.8% | $2.61B | 11 |
MIDD options: expected move
Options price a move of about ±8.4% (±$9.55) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±7.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 41.4% | ±8.4% |
| Dec 18, 2026 | 51 | 35.7% | ±10.7% |
| Mar 19, 2027 | 142 | 36.6% | ±18.2% |
| Jun 17, 2027 | 232 | 35.7% | ±22.6% |
30-day implied volatility 36.7% vs 19.8% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 06:38 UTC)
| Price | USD 114.04 |
|---|---|
| Change | ▼ 0.83% (down) |
| Previous Close | USD 115 |
| Open | USD 114.97 |
| Day Range | USD 112.61 – 115.61 |
| 52-Week Range | USD 89.16 – 148.55 |
| Volume | 430,566 shares |
| Market Cap | $5.16B |
| Exchange | NMS |
Technical Analysis (MIDD)
Nexqual's technical model rates MIDD "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 29, 2026 at 06:38 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 66.24 (neutral) |
| vs SMA50 | Above (USD 109.81) |
| MACD | 1.17 (positive) |
Analyst Ratings (MIDD)
Wall Street analysts rate MIDD "Buy" based on 11 analysts, with a mean price target of USD 155.67 (range USD 145–169), per Nexqual as of October 29, 2026 at 06:38 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 155.67 |
| High Target | USD 169 |
| Low Target | USD 145 |
| Buy / Hold / Sell | 9 / 2 / 0 |
Earnings (MIDD)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.75 |
| Revenue Estimate | $634.03M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.35 vs est 2.09 ▲ beat |
| 2026-03-31 | USD 2.16 vs est 1.94 ▲ beat |
| 2025-12-31 | USD 2.42 vs est 2.26 ▲ beat |
| 2025-09-30 | USD 2.37 vs est 2.07 ▲ beat |
Source: Nexqual, October 29, 2026 at 06:38 UTC.
Financials & Fundamentals (MIDD)
| Total Revenue | $3.39B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.90% |
| Gross Margin | +38.40% |
| Operating Margin | +17.36% |
| Profit Margin | -13.91% |
| ROE | +10.97% |
| Debt / Equity | 0.91 |
| Current Ratio | 1.99 |
| Total Cash | $161.10M |
| Total Debt | $2.00B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $482.09M (14.2% of revenue) |
Source: Nexqual, October 29, 2026 at 06:38 UTC.
Financial Health Score (MIDD)
Nexqual rates The Middleby Corporation's overall financial health "Weak" across five dimensions, as of October 29, 2026 at 06:38 UTC.
| Growth | Critical — Revenue -17% YoY (annual), sharp decline |
|---|---|
| Profitability | Solid — Gross margin 38%, operating 17% (last 4 quarters to Jul 2026, SEC; the Jan 2026 quarter alone accounts for 149% of operating income) |
| Balance Sheet | Mixed — $159M cash and investments vs $1.98B debt (Jul 2026, SEC) |
| Cash Flow | Solid — FCF $482M (last 4 quarters to Jul 2026, SEC), 14% margin |
| Efficiency | Critical — ROE -21%, ROA -8.8% (last 4 quarters, SEC) |
Ownership (MIDD)
| Insider Ownership | +1.70% |
|---|---|
| Institutional Ownership | +107.73% |
| Shares Outstanding | 45.22M |
| Float | 37.68M |
| Short % of Float | +4.47% |
Source: Nexqual, October 29, 2026 at 06:38 UTC.
Leadership (MIDD)
The Middleby Corporation is led by Timothy J. FitzGerald, CEO & Director, per Nexqual as of October 29, 2026 at 06:38 UTC.
| CEO & Director | Timothy J. FitzGerald |
|---|---|
| Chief Technology & Operations Officer | James K. Pool |
| CFO & Chief Accounting Officer | Brittany C. Cerwin |
| Vice President of Corporate Communications | Darcy Bretz |
| Group President of business operations in Asia | George F. Koether |
Major Backers & Investors (MIDD)
Notable institutional backers of The Middleby Corporation include Price (T.Rowe) Associates Inc, Garden Investment Management, L.P. , JPMorgan, according to Nexqual as of October 29, 2026 at 06:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 12.86% |
| Garden Investment Management, L.P. | 7.47% |
| JPMorgan | 5.41% |
| Invesco | 4.16% |
| Ariel Investments, LLC | 3.64% |
| T. Rowe Price | 3.37% |
| AIM Sector Funds (Invesco Sector Funds)-Invesco Small Cap Value Fund | 3.02% |
| FMR, LLC | 2.98% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.69% |
| Vanguard Group | 8.03% |
Source: Nexqual, October 29, 2026 at 06:38 UTC.
From The Middleby Corporation's Latest SEC 10-K Filing (filed 2026-03-04)
Key Strengths & Strategy (as disclosed to the SEC)
- The company has established itself as a leading provider of (i) commercial restaurant equipment and (ii) food processing equipment as a result of its acquisition of industry leading brands and through the introduction of innovative products.
Legal & Regulatory Risks (Item 1A, quoted)
- The company may be subject to litigation, tax, and other legal compliance risks.
- The company's reputation, ability to do business, and results of operations may be impaired by the improper conduct of any of its employees, agents, or business partners.
- We are subject to risks associated with climate change legislation, regulation and international accords. In addition, failure to achieve or demonstrate progress towards our climate goals may expose us to liability and reputational harm.
- Unfavorable tax law changes and tax authority rulings may adversely affect financial results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 06:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt