The Middleby Corporation designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide. It operates through three segments Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment. Its Commercial Foodservice Equipment Group segment 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 Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, suspension, filling and depositing solution, and forming equipment; and automated washing systems, auto guided vehicles, food safety, handling, freezing, and defrosting and packaging equipment. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, mixers, rotisseries, and ventilation and outdoor cooking equipment. 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.
Industry Rebound | Explore Middleby's position amid food service equipment sector recovery, with accelerating unit development in restaurants signaling growth potential |
Financial Health | Delve into Middleby's robust financials, including strong margins and liquidity, despite recent organic sales decline in a challenging market environment |
Strategic Evolution | Learn about Middleby's ongoing strategic review, potentially reshaping its market focus and growth strategy in the competitive food equipment industry |
Analyst Outlook | Discover varied analyst perspectives on Middleby, with price targets ranging from $145 to $227, reflecting diverse views on the company's future prospects |
Metrics to compare | MIDD | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipMIDDPeersSector | |
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P/E Ratio | 17.4x | 13.0x | 12.0x | |
PEG Ratio | 1.55 | 0.01 | 0.03 | |
Price/Book | 2.0x | 1.0x | 1.4x | |
Price / LTM Sales | 2.0x | 1.8x | 1.2x | |
Upside (Analyst Target) | 21.6% | 37.1% | 17.8% | |
Fair Value Upside | Unlock | 8.5% | 7.6% | Unlock |