Currently, there are 53.60M common shares owned by the public and among those 53.05M shares have been available to trade.
The company’s stock has a 5-day price change of 1.71% and -16.54% over the past three months. MIDD shares are trading -14.15% year to date (YTD), with the 12-month market performance down to -12.60% lower. It has a 12-month low price of $109.59 and touched a high of $161.01 over the same period. MIDD has an average intraday trading volume of 432.87K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.34%, -6.75%, and -7.73% respectively.
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Institutional ownership of Middleby Corp. (NASDAQ: MIDD) shares accounts for 100.81% of the company’s 53.60M shares outstanding.
It has a market capitalization of $6.79B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 17.60, while the earnings-per-share (ttm) stands at $7.18. The company has a PEG of 2.15 and a Quick Ratio of 1.28 with the debt-to-equity ratio at 0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.15% over the week and 2.15% over the month.
Analysts forecast that Middleby Corp. (MIDD) will achieve an EPS of 2.33 for the current quarter, 2.68 for the next quarter and 10.82 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 2.19 while analysts give the company a high EPS estimate of 2.19. Comparatively, EPS for the current quarter was 2.47 a year ago. Earnings per share for the fiscal year are expected to increase by 1.75%, and 10.42% over the next financial year. EPS should grow at an annualized rate of 8.20% over the next five years, compared to 5.38% over the past 5-year period.
Looking at the support for the MIDD, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on May 22, 2024, with the firm’s price target at $145-$118. Canaccord Genuity coverage for the Middleby Corp. (MIDD) stock in a research note released on November 17, 2022 offered a Buy rating with a price target of $171. The Benchmark Company was of a view on August 26, 2022 that the stock is Buy, while Barclays gave the stock Overweight rating on June 10, 2021, issuing a price target of $195. Citigroup on their part issued Buy rating on June 07, 2021.
