THE MIDDLEBY CORPORATION
In the published model solve dated 2026-Q2, anchored at $107.66, THE MIDDLEBY CORPORATION (MIDD) is priced for -1.3% 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: 2026-09-10 (items 7.01, 9.01); 2026-09-09 (items 7.01, 9.01); 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).
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.