Wells Fargo & Company Lowers MGP Ingredients (NASDAQ:MGPI) Price Target to $24.00

MGP Ingredients (NASDAQ:MGPI) had its target price cut by investment analysts at Wells Fargo & Company from $29.00 to $24.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 22.51% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reissued a “sell (d)” rating on shares of MGP Ingredients in a report on Thursday, January 22nd. TD Cowen lowered their target price on shares of MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Benchmark assumed coverage on shares of MGP Ingredients in a report on Thursday, January 22nd. They issued a “buy” rating and a $35.00 target price for the company. Finally, Zacks Research lowered MGP Ingredients from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $32.60.

MGP Ingredients Stock Performance

Shares of NASDAQ:MGPI traded down $0.75 during trading on Thursday, reaching $19.59. The company had a trading volume of 219,687 shares, compared to its average volume of 255,420. The firm has a market capitalization of $417.07 million, a price-to-earnings ratio of -29.17 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.78 and a quick ratio of 0.69. The stock’s fifty day moving average price is $24.84 and its 200 day moving average price is $25.47. MGP Ingredients has a fifty-two week low of $19.25 and a fifty-two week high of $35.49.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.14. MGP Ingredients had a negative net margin of 2.56% and a positive return on equity of 9.65%. The company had revenue of $138.32 million for the quarter, compared to analysts’ expectations of $132.84 million. During the same period in the previous year, the company posted $1.57 EPS. MGP Ingredients’s revenue was down 23.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts predict that MGP Ingredients will post 5.56 EPS for the current year.

Insider Buying and Selling

In other MGP Ingredients news, Director Karen Seaberg sold 181,095 shares of MGP Ingredients stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $24.24, for a total transaction of $4,389,742.80. Following the sale, the director directly owned 37,417 shares in the company, valued at $906,988.08. The trade was a 82.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 304,535 shares of company stock valued at $7,509,168. Insiders own 34.40% of the company’s stock.

Institutional Investors Weigh In On MGP Ingredients

A number of institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB acquired a new stake in shares of MGP Ingredients in the third quarter valued at $1,752,000. Magnetar Financial LLC bought a new stake in MGP Ingredients in the second quarter worth about $584,000. Assenagon Asset Management S.A. acquired a new stake in MGP Ingredients in the 3rd quarter valued at about $4,702,000. XTX Topco Ltd bought a new position in shares of MGP Ingredients during the 2nd quarter valued at about $1,280,000. Finally, Federated Hermes Inc. boosted its position in shares of MGP Ingredients by 32.8% during the 3rd quarter. Federated Hermes Inc. now owns 987,123 shares of the company’s stock valued at $23,879,000 after purchasing an additional 243,909 shares in the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.

Key MGP Ingredients News

Here are the key news stories impacting MGP Ingredients this week:

• Positive Sentiment: Q4 EPS and revenue beat analyst estimates (EPS $0.63 vs. $0.49 consensus; revenue $138.3M vs. ~$132.8M), demonstrating operating resilience despite year-over-year declines. MGP (MGPI) Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Board declared a $0.12 quarterly dividend (payable Mar 27), which supports income investors and indicates confidence in cash flow. MGP Ingredients Declares $0.12 Quarterly Dividend
• Neutral Sentiment: Company provided an earnings presentation and held a conference call with supplemental slides — useful for investors parsing segment details and management commentary. MGP Ingredients, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Analyst/press summaries and earnings highlights provide quick context on the beat and the negatives (YoY revenue decline; margin pressure). Useful for fast fact-checking. MGP Ingredients Inc (MGPI) Q4 2025 Earnings Call Highlights
• Negative Sentiment: FY2026 guidance was well below street expectations: EPS $1.50–1.80 (consensus ~2.51) and revenue $480M–$500M (consensus ~$519.6M). The guidance shortfall is the primary driver of downward price pressure. MGP Ingredients beats estimates but guides below expectations
• Negative Sentiment: Management outlined a $480M–$500M sales outlook tied to strategic portfolio rationalization — investors worry about near-term top-line contraction and the timing of benefits from the portfolio reshaping. MGP Ingredients outlines $480M-$500M sales outlook for 2026 as strategic portfolio rationalization advances
• Negative Sentiment: Market commentary and stock reaction pieces synthesize the beat-plus-guidance story and explain the sharp negative market move. These explain why sentiment turned quickly negative after the release. Why MGP Ingredients, Inc.’s (MGPI) Stock Is Down 20.34%
• Neutral Sentiment: Coverage comparing MGPI to peers (e.g., Constellation Brands) provides context on industry trends and relative valuation but is not the primary driver of today’s move. Analyzing Constellation Brands (NYSE:STZ) and MGP Ingredients (NASDAQ:MGPI)
• Positive Sentiment: Brand activity (Yellowstone Recollection Bourbon release) highlights ongoing commercialization and marketing support for core spirits brands. Yellowstone Revives Its Back Bar Bottle with Recollection Bourbon

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.