MGP Ingredients, Inc. (NASDAQ:MGPI) Receives $27.25 Average Price Target from Brokerages

MGP Ingredients, Inc. (NASDAQ:MGPI) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.25.

A number of equities research analysts have recently weighed in on MGPI shares. Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. TD Cowen cut their target price on shares of MGP Ingredients from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Finally, Weiss Ratings downgraded shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th.

MGP Ingredients Price Performance

Shares of NASDAQ:MGPI opened at $16.98 on Friday. The stock has a market cap of $362.86 million, a PE ratio of -1.52 and a beta of 0.46. The company’s fifty day moving average is $17.71 and its 200 day moving average is $20.62. MGP Ingredients has a 52 week low of $15.72 and a 52 week high of $33.38. The company has a quick ratio of 0.56, a current ratio of 2.74 and a debt-to-equity ratio of 0.41.

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

MGP Ingredients Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. MGP Ingredients’s dividend payout ratio (DPR) is -4.31%.

Insider Activity

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 transaction of $534,600.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 31.70% of the company’s stock.

Institutional Inflows and Outflows

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

About MGP Ingredients

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.