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The Middleby CorporationMIDD
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Overview >
Market Cap
7.62B
Revenue (ttm)
3.85B
Net Income (ttm)
434.22M
Shares Out
53.48M
EPS (ttm)
8.00
PE Ratio
17.65
Forward PE
15.12
Dividend
n/a
Ex-Dividend Date
n/a
Volume
16,942
Open
142.80
Previous Close
141.19
Day's Range
142.80 - 142.80
52-Week Range
118.41 - 182.73
Beta
1.60
Analysts
Buy
Price Target
171.14 (+20.07%)
Earnings Date
Jul 31, 2025
Description >

The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen 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 cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, and IoT solutions.

The Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, formers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as bakery products.

Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, mixers, rotisseries, and ventilation and outdoor cooking equipment.

The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985.

The company was founded in 1888 and is headquartered in Elgin, Illinois.

Latest News >
US electric utility Sempra's profit falls 17% in first quarter
US electric utility Sempra's profit falls 17% in first quarter
May 7, 2024
May 7 (Reuters) - Sempra Energy posted a 17% drop in first-quarter profit on Tuesday as it logged sharply lower revenue from its natural gas operations, although increases in its Texas power business helped cushion the fall. Sempra ( SRE ), which supplies electricity and natural gas to nearly 40 million customers in parts of California, Texas and Mexico, said...
Research Alert: CFRA Keeps Hold Opinion On Shares Of Realty Income Corporation
Research Alert: CFRA Keeps Hold Opinion On Shares Of Realty Income Corporation
May 7, 2024
02:40 PM EDT, 05/07/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our target price at $56 on a forward P/FFO of 13.3x our 2024 FFO estimate, a discount to O's 10-year average multiple (18.0x) as higher interest rates put...
Research Alert: CFRA Keeps Hold Opinion On Shares Of Tempur Sealy International, Inc.
Research Alert: CFRA Keeps Hold Opinion On Shares Of Tempur Sealy International, Inc.
May 7, 2024
02:35 PM EDT, 05/07/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target $6 to $56, 19.4x our 2024 EPS of $2.88 (cut from $2.92; 2025 up to $3.23 from $2.99) vs. the 17x long-term average forward P/E....
Alzamend Neuro Halts Equity Offering Program, Prioritizing Shareholder Value Amid Strategic Shift, Shares Slide
Alzamend Neuro Halts Equity Offering Program, Prioritizing Shareholder Value Amid Strategic Shift, Shares Slide
May 7, 2024
Alzamend Neuro, Inc. ( ALZN ) made waves Tuesday when the company announced its decision to terminate its “at-the-market” equity offering program. Shares were down nearly 12% at last check. What To Know: The move, aimed at minimizing uncertainty and preserving shareholder value, saw Alzamend cease further sales of common stock under its at-the-market equity offering, effectively concluding its obligations...
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