Middleby Corp (NASDAQ: MIDD) has a price-to-earnings ratio of 22.81x that is above its average ratio. Additionally, the 36-month beta value for MIDD is 1.62. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for MIDD is 53.08M and currently, short sellers hold a 5.07% ratio of that float. The average trading volume of MIDD on January 24, 2025 was 601.92K shares.
MIDD) stock’s latest price update
Middleby Corp (NASDAQ: MIDD)’s stock price has soared by 13.69 in relation to previous closing price of 145.65. Nevertheless, the company has seen a gain of 16.91% in its stock price over the last five trading days. zacks.com reported 2024-12-18 that Middleby faces weakness in the Residential Kitchen Equipment Group and Commercial Foodservice Equipment Group segments. We present four industrial stocks that should offer good returns.
MIDD’s Market Performance
Middleby Corp (MIDD) has experienced a 16.91% rise in stock performance for the past week, with a 22.91% rise in the past month, and a 20.99% rise in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 2.03% for MIDD. The simple moving average for the past 20 days is 18.81% for MIDD’s stock, with a 21.98% simple moving average for the past 200 days.
Analysts’ Opinion of MIDD
Many brokerage firms have already submitted their reports for MIDD stocks, with Jefferies repeating the rating for MIDD by listing it as a “Hold.” The predicted price for MIDD in the upcoming period, according to Jefferies is $160 based on the research report published on December 12, 2024 of the previous year 2024.
JP Morgan gave a rating of “Underweight” to MIDD, setting the target price at $118 in the report published on May 22nd of the previous year.
MIDD Trading at 18.79% from the 50-Day Moving Average
After a stumble in the market that brought MIDD to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.84% of gains for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +23.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.66% upper at present.
During the last 5 trading sessions, MIDD rose by +17.54%, which changed the moving average for the period of 200-days by +9.79% in comparison to the 20-day moving average, which settled at $139.41. In addition, Middleby Corp saw 22.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MIDD starting from McCarthy Cathy L, who sale 500 shares at the price of $142.19 back on Nov 07 ’24. After this action, McCarthy Cathy L now owns 8,611 shares of Middleby Corp, valued at $71,095 using the latest closing price.
McCarthy Cathy L, the Director of Middleby Corp, proposed sale 500 shares at $141.00 during a trade that took place back on Nov 07 ’24, which means that McCarthy Cathy L is holding shares at $70,500 based on the most recent closing price.
Stock Fundamentals for MIDD
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.37 for the gross margin
The net margin for Middleby Corp stands at 0.1. The total capital return value is set at 0.11. Equity return is now at value 11.73, with 5.56 for asset returns.
Based on Middleby Corp (MIDD), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 6.41.
Currently, EBITDA for the company is 797.35 million with net debt to EBITDA at 2.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.77. The receivables turnover for the company is 6.29for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.81.
Conclusion
In conclusion, Middleby Corp (MIDD) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
