MGP Ingredients (NASDAQ:MGPI) Releases FY 2026 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.500-1.800 for the period, compared to the consensus earnings per share estimate of 1.620. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $486.0 million.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. 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 note on Friday, June 26th. Zacks Research raised shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Wells Fargo & Company dropped their price target 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. Finally, Weiss Ratings lowered shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.

MGP Ingredients Price Performance

MGPI opened at $18.71 on Wednesday. MGP Ingredients has a 52-week low of $15.72 and a 52-week high of $31.75. The stock has a market cap of $399.83 million, a P/E ratio of -1.68 and a beta of 0.46. The business has a fifty day moving average of $17.15 and a 200 day moving average of $19.76. 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, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.23. The business had revenue of $124.36 million for the quarter, compared to the consensus estimate of $125.16 million. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts anticipate that MGP Ingredients will post 1.6 EPS for the current year.

Insider Buying and Selling at MGP Ingredients

In other MGP Ingredients news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.82, for a total value of $534,600.00. Following the sale, the insider owned 500,958 shares in the company, valued at approximately $8,927,071.56. This represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 31.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new position in MGP Ingredients in the 1st quarter worth approximately $735,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of MGP Ingredients by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,446 shares of the company’s stock valued at $248,000 after purchasing an additional 390 shares during the period. Millennium Management LLC increased its position in MGP Ingredients by 116.6% during the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock worth $10,571,000 after purchasing an additional 193,660 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in MGP Ingredients by 10.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 158,879 shares of the company’s stock valued at $4,668,000 after purchasing an additional 14,501 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in MGP Ingredients by 9.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 157,579 shares of the company’s stock valued at $4,723,000 after purchasing an additional 13,556 shares during the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.

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.