Zacks upgrades Middleby stock to Hold with USD 159.25 consensus target

Published on 10/15/2026 at 21:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Middleby's second-quarter sales fell 10.50 percent to USD 875.55 million. Middleby stock costs EUR 96.25 on October 15, 2026, up 1.83 percent on Nasdaq.

Zacks sets a Hold rating

Zacks Research upgraded Middleby to Hold on October 14, 2026.
Second-quarter revenue reached USD 875.55 million, down 10.50 percent year over year.
Middleby stock costs EUR 96.25 at Lang & Schwarz on October 15, 2026 at 9:41 p.m. CEST, up 1.83 percent on Nasdaq.
The next earnings date is November 5, 2026.

MIDD, US5962781010, Illustration mit AI erstellt.

On October 14, 2026, Zacks Research upgraded The Middleby Corporation from strong sell to Hold, while the consensus target stood at USD 159.25, or 47.32 percent above the Nasdaq price of USD 108.10, according to MarketBeat. The euro quote was trading at EUR 96.25 at Lang & Schwarz on October 15, 2026 at 9:41 p.m. CEST; the Nasdaq quote was up 1.83 percent versus the October 14, 2026 close.

USD 875.55 million in revenue

Middleby's second-quarter 2026 revenue reached USD 875.55 million, down 10.50 percent from the year-ago quarter. The company also reported USD 54.81 million in net income attributable to common shareholders, or USD 1.21 in diluted earnings per share, for the period ended July 4, 2026. MarketBeat reported adjusted earnings of USD 2.35 per share against a USD 2.09 consensus estimate.

Stock sits 27.23 percent below high

On Nasdaq, MIDD was last at USD 108.10 on October 15, 2026 at 3:44 p.m. EDT. The stock's 52-week range was USD 89.16 to USD 148.55, placing the latest Nasdaq price 27.23 percent below the high. The year-to-date performance was minus 11.24 percent as of October 14, 2026.

Valuation and November 5

Market capitalization stood at USD 4.9 billion on October 15, 2026, while the trailing price to earnings ratio was minus 11.66. Yahoo Finance lists November 5, 2026 as the next earnings date for Middleby and shows an average analyst target of USD 155.67. The company's investor-relations page identifies Middleby as a Nasdaq-listed provider of commercial kitchen, food-processing and residential kitchen equipment.

Comparison with peers

The Middleby Corporation (Nasdaq, USD): plus 1.83 percent, P/E -11.66, market capitalization USD 4.9 billion
Illinois Tool Works (NYSE, USD): plus 0.58 percent, P/E 24.58, market capitalization USD 77.2 billion
Allegion (NYSE, USD): plus 1.73 percent, P/E 20.36, market capitalization USD 13.2 billion

Price and trading phase

For investors, the central contrast is between Middleby's lower revenue and the target premium embedded in the current analyst consensus. The Nasdaq quote and the euro indication therefore point to different venues and currencies, while the business figures remain reported in USD.

Middleby stock was trading at EUR 96.25 at Lang & Schwarz on October 15, 2026 at 9:41 p.m. CEST; the Nasdaq quote was up 1.83 percent versus the October 14, 2026 close. The further course of trading is shown by the continuously updated real-time quote of Middleby stock.