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Strategic Spin-off | Explore Middleby's planned separation of its Food Processing Group, a move aimed at unlocking value and potentially boosting the company's market valuation |
Market Resilience | Delve into Middleby's proven ability to grow profits in challenging markets, showcasing its adaptability and strong industry position |
Analyst Outlook | Discover why analysts maintain an Overweight rating on Middleby, with price targets ranging from $160 to $185, despite recent earnings expectation revisions |
Industry Dynamics | Learn how Middleby navigates mixed industry trends, from increased capital expenditure by major clients to ongoing challenges like tariff uncertainty and high interest rates |
Metrics to compare | MIDD | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipMIDDPeersSector | |
|---|---|---|---|---|
P/E Ratio | 16.5x | 24.8x | 12.3x | |
PEG Ratio | −0.08 | 7.99 | 0.03 | |
Price/Book | 2.5x | 2.3x | 1.4x | |
Price / LTM Sales | 1.8x | 1.4x | 1.2x | |
Upside (Analyst Target) | 17.6% | 33.8% | 28.5% | |
Fair Value Upside | Unlock | 15.9% | 8.7% | Unlock |
The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing. It offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers and refrigerators, stainless steel fabrication, custom millwork, blast chillers, coldrooms, ice machines, and frozen dessert equipment; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispenser, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.