Professional
Added to YB: 2025-04-30
Pitch date: 2025-03-31
MIDD [bullish]
The Middleby Corporation
-3.2%
current return
Author Info
No bio for this author
Company Info
The Middleby Corporation designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide.
Market Cap
$5.9B
Pitch Price
$152.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.41
P/E
-30.66
EV/Sales
2.03
Sector
Machinery
Category
value
Heartland Mid Cap Value Fund Portfolio Holding: The Middleby Corporation
MIDD (holding update): Commercial food prep equipment maker (62% sales) w/ residential & food processing segments. Trading at 11x EV/EBITDA (20% below peers despite historic 10% premium). Ed Garden activist driving positive changes - 2 new board members, food processing spinoff planned by 2026. Potential residential segment sale to boost margins.
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