Middleby downgraded by Jefferies with a new price target
$MIDD
Industrial Machinery/Components
Industrials
Jefferies downgraded Middleby from Buy to Hold and set a new price target of $160.00 from $170.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/10/2025 | $175.00 | Hold → Buy | Jefferies |
| 11/7/2025 | $125.00 | Underweight → Neutral | Analyst |
| 9/4/2025 | $163.00 | Outperform | Wolfe Research |
| 12/12/2024 | $170.00 → $160.00 | Buy → Hold | Jefferies |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 5/22/2024 | $145.00 → $118.00 | Neutral → Underweight | JP Morgan |
| 11/17/2022 | $171.00 | Buy | Canaccord Genuity |
| 8/26/2022 | $190.00 | Buy | The Benchmark Company |
Positioned for The Future as a Pure-Play Commercial Foodservice Leader The Middleby Corporation (NASDAQ:MIDD) today announced that it has completed the previously announced spin-off of its Food Processing business, now operating as Midera Food Processing, Inc. ("Midera"). Shares of Midera common stock will begin trading "regular way" on The Nasdaq Stock Market under the ticker symbol "MFP," effective at the market opening on July 7, 2026. "This separation represents the culmination of strategic portfolio work to unlock the full value potential for our shareholders," said Tim FitzGerald, Chief Executive Officer of Middleby. "Middleby emerges as a pure-play commercial foodservice leader w
Leading global pure-play food processing technology platform with proven total line solutions, 30+ established brands and a differentiated growth strategy Mark Salman, CEO, and seasoned management team bring decades of food processing expertise and a proven acquisition playbook to Midera’s public debut Midera begins trading tomorrow, July 7, 2026, on Nasdaq under the ticker symbol "MFP" ROSEMONT, Ill., July 06, 2026 (GLOBE NEWSWIRE) -- Midera Food Processing, Inc. ("Midera" or the "Company"), a leading global pure-play food processing technology platform, today announced that its spin-off from The Middleby Corporation (NASDAQ:MIDD) ("Middleby") is complete, and it will begin trading as
NEW YORK, July 2, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Midera Food Processing Inc. (NASD: MFP) will replace Redwood Trust Inc. (NYSE:RWT) effective prior to the opening of trading on Wednesday, July 8. S&P MidCap 400 constituent The Middleby Corp. (NASD: MIDD) is spinning off Midera Food Processing in a transaction that is expected to close July 7. Redwood Trust is no longer representative of the small cap market space.Centrus Energy Corp. (NYSE:LEU) will replace Whitestone REIT (NYSE:WSR) effective prior to the opening of trading on Tuesday, July 14. S&P 500 constituent Ares Management Corp. (NYSE:ARES) is acquiring Whitestone
8-K/A - MIDDLEBY Corp (0000769520) (Filer)
8-K - MIDDLEBY Corp (0000769520) (Filer)
8-K - MIDDLEBY Corp (0000769520) (Filer)
4 - MIDDLEBY Corp (0000769520) (Reporting)
3 - MIDDLEBY Corp (0000769520) (Reporting)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
Jefferies upgraded Middleby from Hold to Buy and set a new price target of $175.00
Analyst upgraded Middleby from Underweight to Neutral and set a new price target of $125.00
Wolfe Research initiated coverage of Middleby with a rating of Outperform and set a new price target of $163.00
Q1 2026 results exceeded high end of guidance range for revenue, Adj. EBITDA and Adj. EPS Organic sales growth of +8% in Commercial Foodservice and +25% in Food Processing Raises FY 2026 guidance; revenue growth of +4-6% in Commercial Foodservice and +4-7% in Food Processing Solid order growth of +39% and book-to-bill ratio of 1.09x for Food Processing over the trailing twelve months Food Processing Spin on track for July 6, 2026 Repurchased 2.4 million shares (4.9% of equity) in Q1 2026 and 3.5 million shares (7.1% of equity) YTD 2026 FIRST QUARTER CONTINUING OPERATIONS HIGHLIGHTS Net Sales of $840 million increased 15% over prior year; 12% on organic basis Operati
The Middleby Corporation (NASDAQ:MIDD) will release 2026 first quarter earnings on Thursday, May 7, 2026 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 10 a.m. Eastern Time on May 7. The call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference via the domestic dial-in 1-844-676-5090. International participants can access the conference by dialing 1-412-634-6754. About The Middleby Corporation The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions us
Q4 & FY 2025 Results Exceeded High End of Guidance Range for Revenue, Adj. EBITDA and Adj. EPS Initiates 2026 Organic Growth Guidance of +1-3% in Commercial Foodservice and +4-6% in Food Processing Repurchased 4.9 Million Shares (9.1% of Equity) in 2025 and 1.7 Million Shares (3.5% of Equity) YTD 2026 FOURTH QUARTER CONTINUING OPERATIONS HIGHLIGHTS All results reflect Residential Kitchen as discontinued operations unless otherwise stated Net Sales of $866 million increased 5% over prior year; marginally positive on organic basis Record Q4 Food Processing orders increased 66% organically and year-end backlog up 36% Operating income of $150 million, as compared to $182 milli
SC 13G/A - MIDDLEBY Corp (0000769520) (Subject)
SC 13G/A - MIDDLEBY Corp (0000769520) (Subject)
SC 13G/A - MIDDLEBY Corp (0000769520) (Subject)
NEW YORK, July 2, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Midera Food Processing Inc. (NASD: MFP) will replace Redwood Trust Inc. (NYSE:RWT) effective prior to the opening of trading on Wednesday, July 8. S&P MidCap 400 constituent The Middleby Corp. (NASD: MIDD) is spinning off Midera Food Processing in a transaction that is expected to close July 7. Redwood Trust is no longer representative of the small cap market space.Centrus Energy Corp. (NYSE:LEU) will replace Whitestone REIT (NYSE:WSR) effective prior to the opening of trading on Tuesday, July 14. S&P 500 constituent Ares Management Corp. (NYSE:ARES) is acquiring Whitestone
Bryan Mittelman to Serve as Special Advisor Through Completion of Food Processing Spin-Off The Middleby Corporation ("Middleby") (NASDAQ:MIDD), a global leader in the foodservice industry, today announced the appointment of Brittany Cerwin as Chief Financial Officer, effective immediately. Ms. Cerwin succeeds Bryan Mittelman, who has served as CFO since 2019 and will transition to the role of Special Advisor to the Chief Executive Officer. "Brittany has been an integral part of the Middleby corporate finance team since joining us fifteen years ago. Her financial expertise and exceptional leadership are highly respected across the organization," said Tim FitzGerald, Middleby Chief Execut
The Middleby Corporation (NASDAQ:MIDD), a global leader in the foodservice industry, today announced the appointment of Glenn Eisenberg to its Board of Directors, effective March 1. With the addition of Mr. Eisenberg, the Middleby Board expands to twelve members. "We are pleased to welcome Glenn Eisenberg to the Middleby Board. His deep experience will be an immediate asset as we execute our strategic transformation," said Tim FitzGerald, Middleby CEO. "Glenn has a proven 20-year track record of success as a public company CFO and senior operating executive across complex global manufacturing businesses. His expertise in financial discipline, industrial manufacturing, capital allocation,