Professional
Added to YB: 2025-04-30
Pitch date: 2025-03-31
MIDD [bullish]
The Middleby Corporation
-4.87%
current return
Author Info
No bio for this author
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
$152.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.35
P/E
20.09
EV/Sales
2.59
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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