Professional
Added to YB: 2025-07-25
Pitch date: 2025-05-24
MIDD [neutral]
The Middleby Corporation
-2.22%
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
$148.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.35
P/E
20.09
EV/Sales
2.59
Sector
Machinery
Category
N/A
Turtle Creek Portfolio Holding: The Middleby Corporation
MIDD (holding update): Global leader in commercial foodservice equipment serving major chains. Activist investor Ed Garden acquired 5%. Three strategic initiatives announced: 1) Spin-off food processing division by early 2026, 2) Tripled share buyback to 6-8% annually, 3) More focused M&A strategy. US-centric manufacturing positions well for tariffs vs competitors.
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