Added to YB: 2025-09-30
Pitch date: 2025-09-27
MIDD [bullish]
The Middleby Corporation
+10.25%
current return
Author Info
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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
$134.02
Price Target
220.00 (+49%)
Dividend
N/A
EV/EBITDA
9.41
P/E
-30.66
EV/Sales
2.03
Sector
Machinery
Category
value
Middleby Corporation (NASDAQ:MIDD)
MIDD: Activist Ed Garden on board driving capital allocation reset. Pro-forma FP spin (2026), core CFS replacement cycle overdue (7-10yr life). New go-to-market captures more wallet share. Target 25-30% EBITDA margins vs current levels. DCF shows $160 intrinsic value, $220 bull case vs $132 price. Returning majority FCF to shareholders via buybacks (21% authorization). Strong replacement demand drivers (64% non-new build sales).
Read full article (18 min)