Added to YB: 2024-08-06
Pitch date: 2024-06-30
MIDD [bullish]
The Middleby Corporation
+17.83%
current return
Author Info
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Company Info
The Middleby Corporation designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.
Market Cap
$6.9B
Pitch Price
$123.23
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.35
P/E
20.09
EV/Sales
2.59
Sector
Machinery
Category
growth
Show full summary:
Ariel Investments Appreciation Fund New Position: The Middleby Corporation
MIDD: Leading food equipment maker; shares down on macro & restaurant opening concerns. Long-term bull case: differentiated brands, innovation focus to benefit from secular demand for automation/efficiency in food service. Headwinds seen as temporary.
Read full article (1 min)