MGP Ingredients, Inc. (NASDAQ:MGPI) Receives $26.50 Average Price Target from Analysts

MGP Ingredients, Inc. (NASDAQ:MGPI) has been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $26.50.

MGPI has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on MGP Ingredients from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Zacks Research raised shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Finally, TD Cowen dropped their price target on shares of MGP Ingredients from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, June 26th.

Insider Buying and Selling at MGP Ingredients

In other news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.82, for a total value of $534,600.00. Following the sale, the insider directly owned 500,958 shares of the company’s stock, valued at approximately $8,927,071.56. This represents a 5.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MGP Ingredients

A number of institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its position in shares of MGP Ingredients by 130.3% in the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 529 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of MGP Ingredients by 653.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,304 shares of the company’s stock worth $32,000 after acquiring an additional 1,131 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of MGP Ingredients during the 4th quarter worth approximately $32,000. Quadrant Capital Group LLC raised its stake in MGP Ingredients by 237.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock valued at $44,000 after acquiring an additional 1,287 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in MGP Ingredients by 278.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock valued at $56,000 after acquiring an additional 1,386 shares during the period. Institutional investors and hedge funds own 77.11% of the company’s stock.

MGP Ingredients Price Performance

Shares of NASDAQ MGPI opened at $17.69 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 0.56. The business has a 50-day moving average of $17.13 and a 200-day moving average of $19.85. The stock has a market capitalization of $378.04 million, a price-to-earnings ratio of -1.59 and a beta of 0.46. MGP Ingredients has a fifty-two week low of $15.72 and a fifty-two week high of $31.95.

MGP Ingredients (NASDAQ:MGPI) last released its earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.11. The business had revenue of $106.43 million for the quarter, compared to analyst estimates of $105.32 million. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.MGP Ingredients’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts predict that MGP Ingredients will post 1.6 earnings per share for the current fiscal year.

MGP Ingredients Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. MGP Ingredients’s dividend payout ratio (DPR) is -4.31%.

MGP Ingredients Company Profile

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.