Professional
Added to YB: 2025-04-30
Pitch date: 2025-03-31
MIDD [bullish]
The Middleby Corporation
-8.29%
current return
Author Info
No bio for this author
Company Info
The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing.
Market Cap
$6.1B
Pitch Price
$122.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.78
P/E
18.48
EV/Sales
2.37
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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