MIDDLEBY Corp
Middleby designs, manufactures, markets, distributes and services equipment and technology for commercial foodservice operations and food processing businesses. Its two principal segments are the Commercial Foodservice Equipment Group and the Food Processing Equipment Group. Commercial Foodservice products include cooking, refrigeration, freezing and beverage equipment, as well as integrated IoT solutions and controls, for restaurants, retail outlets, hotels and institutions. Food Processing products include equipment for preparing, cooking, baking, cooling and packaging protein and bakery products. Middleby sells through dealers, distributors, sales representatives and its own sales teams, with direct sales to some large restaurant chains and food processors. It also provides equipment installation, warranty, technical support and repair services. Middleby is headquartered in Elgin, Illinois.
No SEC Form 4 filings for $MIDD in the last 30 days.
See all $MIDD insider activity →Middleby Corporation (MIDD) named Steve Spittle as CEO, effective April 1, 2027, succeeding Tim FitzGerald. The transition follows Middleby's restructuring, including selling a stake in its Residential Kitchen and spinning off its Food Processing business. Shares were trading at $127.55 in pre-market after a 3.93% drop on Wednesday.
MIDDLEBY Corp (MIDD) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 Middleby Announces Chief Executive Officer Transition Steve Spittle Named President and Will Succeed Tim FitzGerald as CEO on April 1, 2027 Elgin, Ill. (BUSINESS WIRE) November 5, 2026 - The Middleby Corporation (NASDAQ: MIDD) (“Middleby” or the “Company”), a global
Middleby Corp. (MIDD) reported a Q3 loss of $1.6M, or 4 cents per share, but adjusted earnings of $2.07 per share beat estimates. Revenue was $652.6M, exceeding forecasts. The company expects Q4 earnings of $1.76-$1.92 per share and revenue of $621M-$635M. Full-year earnings are projected at $7.13-$7.29 per share, with revenue of $2.52B-$2.53B.
Over the past 7 days, AlphAI's AI scored 11 news stories mentioning MIDD (MIDDLEBY Corp). Coverage has skewed bullish: 6 bullish, 5 neutral, and 0 bearish.
Recent MIDD coverage spans financial news, corporate actions and earnings.
Leadership transition may cause short‑term uncertainty.
The market may view the planned CEO succession as a positive continuity signal, potentially supporting the stock.
Earnings beat and upbeat guidance may lift the stock.
The new financing expands Middleby's borrowing capacity but raises leverage, likely prompting short‑term price pressure.
Analyst target cut suggests reduced upside expectations.
AlphAI scores every news story that mentions MIDD with an AI model for sentiment and relevance, and aggregates insider trades from MIDDLEBY Corp's SEC EDGAR Form 4 filings. Figures refresh continuously.
Middleby Corporation (MIDD) named Steve Spittle as CEO, effective April 1, 2027, succeeding Tim FitzGerald. The transition follows Middleby's restructuring, including selling a stake in its Residential Kitchen and spinning off its Food Processing business. Shares were trading at $127.55 in pre-market after a 3.93% drop on Wednesday.
MIDDLEBY Corp (MIDD) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 Middleby Announces Chief Executive Officer Transition Steve Spittle Named President and Will Succeed Tim FitzGerald as CEO on April 1, 2027 Elgin, Ill. (BUSINESS WIRE) November 5, 2026 - The Middleby Corporation (NASDAQ: MIDD) (“Middleby” or the “Company”), a global
Middleby Corp. (MIDD) reported a Q3 loss of $1.6M, or 4 cents per share, but adjusted earnings of $2.07 per share beat estimates. Revenue was $652.6M, exceeding forecasts. The company expects Q4 earnings of $1.76-$1.92 per share and revenue of $621M-$635M. Full-year earnings are projected at $7.13-$7.29 per share, with revenue of $2.52B-$2.53B.
MIDDLEBY Corp (MIDD) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. On November 4, 2026 (the “ Restatement Effective Date ”), The Middleby Corporation (“ Middleby ”) and Middleby Marshall Inc. (the “ Borrower ”), entered into a five-year Ninth Amended and Restated Credit Agreement consisting o
Canaccord Genuity kept Middleby's rating at Buy but reduced its price target to $152 from $160, a 5% cut. The new target suggests a 29.3% upside from the Oct 29 close of $117.59.
The Middleby Corp (MIDD) shares rose 3.8% after J.P. Morgan upgraded it to Overweight, citing margin recovery potential and setting a $147 price target for December 2027. MIDD's P/S ratio is 1.81, below its historical median. Insiders bought $15.1M in shares over the past year. GuruFocus' GF Value™ estimates MIDD is 5.9% undervalued, but notes uncertainty due to ongoing losses.
Middleby (MIDD) stock rose 3.8% following an upgrade by J.P. Morgan to Overweight from Neutral, citing earnings and margin potential. The S&P 500 (SP500) was down for the day.
Authentic Restaurant Brands (ARB) secured $325M in funding from Trimontium to expand its chains (Pollo Tropical, Tavern in the Square, Primanti Brothers) and acquire regional concepts. O’Charley’s closed all corporate locations, leaving 47 franchised units. Walmart will offer Papa John’s pizza delivery. Middleby will discontinue its brewing business. Inflation rose 3.4% year-over-year in August, driven by gasoline and energy costs.
Broyhill Asset Management's Q2 2026 letter notes The Middleby Corporation (MIDD) as a positive contributor, with a 31% gain driven by 8% organic revenue growth in commercial foodservice and raised full-year guidance. The company's stock closed at $109.72, with a market cap of $78.51 billion, and has traded between $89.14 and $148.55 over 52 weeks.
Analysts made several calls on Tuesday, including upgrades for Nokia (NOK), The New York Times (NYT), Agilon (AGL), and Eli Lilly (LLY). Price targets were raised for NYT ($82), AGL ($125), and Palantir (PLTR, $250). Other notable actions include initiations on Janus Living, Vishay Intertechnology (VSH), and Samsara (IOT).
