THE MIDDLEBY CORPORATION
In the published model solve dated 2026-Q2, anchored at $135.61, THE MIDDLEBY CORPORATION (MIDD) is priced for +5.7% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Middleby builds commercial kitchen and food-processing equipment across a wide brand portfolio, and the model carries through-cycle operating margins around 17% on roughly $3.3 billion of revenue, with a high-margin aftermarket-parts stream layered on the installed base. • The defining near-term event is the planned spin-off of the Food Processing segment as a separate public company, Midera, targeted for early July 2026, a breakup meant to let the market value two cleaner businesses separatel
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396 institutional managers reported holding MIDD in 13F filings for the quarter ended 2026-03-31. 53 opened new positions that quarter. Held by T. Rowe Price, Vanguard Group, BlackRock, among others. On the short side, 2.3M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (4.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MIDD has cut its share count 14.5% over the past five years, spending $1.51B on repurchases. It pays no dividend. Cash returned over the past three years: $1.14B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MIDD over the trailing three years: 2023: 1 buy totaling $100k; 2025: 23 buys totaling $108.89M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MIDD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-12 | -2.9% | +2.8% |
| 2023-08-11 | -1.0% | -19.4% |
| 2023-11-10 | +3.7% | +16.2% |
| 2024-02-29 | +4.2% | -8.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MIDD's latest 8-K filings: 2026-08-11 (items 2.02, 9.01); 2026-07-06 (items 1.01, 2.01, 5.02, 7.01, 9.01); 2026-06-29 (items 7.01, 8.01, 9.01); 2026-06-22 (items 7.01, 9.01); 2026-06-17 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.