MGP Ingredients, Inc. (NASDAQ:MGPI) Receives $30.00 Average PT from Brokerages

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $30.00.

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of MGP Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. TD Cowen lowered their price objective 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. Zacks Research downgraded shares of MGP Ingredients from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of MGP Ingredients in a research report on Thursday, January 22nd. Finally, Roth Mkm lowered their price objective on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in MGP Ingredients by 130.3% in the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 529 shares during the period. Nisa Investment Advisors LLC raised its position in MGP Ingredients by 653.8% in the fourth 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 period. Global Retirement Partners LLC bought a new position in MGP Ingredients in the fourth quarter worth approximately $32,000. Quadrant Capital Group LLC raised its position in MGP Ingredients by 237.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock worth $44,000 after acquiring an additional 1,287 shares during the period. Finally, Tower Research Capital LLC TRC raised its position 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 worth $56,000 after acquiring an additional 1,386 shares during the period. 77.11% of the stock is currently owned by institutional investors.

MGP Ingredients Stock Performance

NASDAQ:MGPI opened at $20.03 on Monday. The company’s 50-day simple moving average is $20.29 and its 200 day simple moving average is $23.01. MGP Ingredients has a one year low of $16.45 and a one year high of $34.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.61 and a quick ratio of 0.70. The firm has a market capitalization of $428.02 million, a P/E ratio of -4.02 and a beta of 0.45.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. The firm had revenue of $138.32 million for the quarter, compared to analysts’ expectations of $132.84 million. During the same quarter in the prior year, the company posted $1.57 earnings per share. The business’s revenue for the quarter was down 23.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, analysts forecast that MGP Ingredients will post 5.56 EPS for the current fiscal year.

MGP Ingredients Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.12 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.48 annualized dividend and a yield of 2.4%. MGP Ingredients’s dividend payout ratio (DPR) is presently -9.64%.

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.