Prescience Point Capital Management Issues Negative Research Report on The Middleby Corporation (NASDAQ: MIDD)
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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Company Research
Source: PR Newswire
BATON ROUGE, La., April 15, 2020 /PRNewswire/ -- Prescience Point Capital Management ("Prescience Point"), a private investment manager that focuses on deep investigations of public companies, today published a critical research report supporting its short position in shares of The Middleby Corporation (NASDAQ: MIDD), one of the largest providers of industrial kitchen equipment to quick-and full-service restaurants, retail outlets, and hotels.After a months-long investigation that included a deep forensic analysis of the company's financial statements and interviews with key distributors and restaurant industry experts, Prescience Point believes Wall Street is overly optimistic about the company's ability to recover from the devastating impact that the COVID-19 pandemic will have on the restaurant industry. Middleby had already been struggling before COVID-19 as many of its large restaurant chain customers pushed out capex and delayed projects. For years, Middleby was able to hide de
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MIDD
News
- Middleby (NASDAQ:MIDD) had its price target raised by analysts at JPMorgan Chase & Co. from $125.00 to $140.00. They now have a "neutral" rating on the stock.MarketBeat
- Middleby (NASDAQ:MIDD) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- Middleby (NASDAQ:MIDD) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Jefferies Turns Bullish on 2 Industrial-Product Stocks, Citing Double-Digit Earnings Growth Potential [Yahoo! Finance]Yahoo! Finance
- Middleby (NASDAQ:MIDD) had its price target raised by analysts at Canaccord Genuity Group Inc. from $171.00 to $175.00. They now have a "buy" rating on the stock.MarketBeat
MIDD
Earnings
- 11/6/25 - Beat
MIDD
Sec Filings
- 1/6/26 - Form SCHEDULE
- 1/6/26 - Form 8-K
- 12/15/25 - Form 4
- MIDD's page on the SEC website