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

MGP Ingredients (NASDAQ:MGPI) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.500-1.800 for the period, compared to the consensus earnings per share estimate of 1.590. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $486.1 million.

MGP Ingredients Stock Down 0.2%

Shares of MGP Ingredients stock opened at $20.21 on Wednesday. The firm’s 50 day moving average price is $19.48 and its 200-day moving average price is $22.80. The company has a quick ratio of 0.70, a current ratio of 2.61 and a debt-to-equity ratio of 0.34. MGP Ingredients has a 52-week low of $16.45 and a 52-week high of $34.99. The company has a market cap of $431.87 million, a P/E ratio of -4.06 and a beta of 0.45.

MGP Ingredients (NASDAQ:MGPI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. The firm had revenue of $106.43 million for the quarter, compared to the consensus estimate of $106.82 million. During the same quarter in the previous year, the firm earned $0.36 EPS. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts predict that MGP Ingredients will post 1.62 EPS for the current fiscal year.

MGP Ingredients Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. MGP Ingredients’s payout ratio is presently -9.64%.

Analysts Set New Price Targets

MGPI has been the topic of a number of analyst reports. TD Cowen cut 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. Wall Street Zen downgraded shares of MGP Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Roth Mkm cut 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MGP Ingredients in a research report on Tuesday, April 21st. Finally, Benchmark assumed coverage on shares of MGP Ingredients in a research note on Thursday, January 22nd. They issued a “buy” rating and a $35.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, MGP Ingredients presently has an average rating of “Hold” and an average target price of $28.75.

Institutional Trading of MGP Ingredients

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its position in MGP Ingredients by 130.3% during the 2nd quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock worth $28,000 after purchasing an additional 529 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in MGP Ingredients during the 4th quarter worth approximately $32,000. Quadrant Capital Group LLC grew its position in MGP Ingredients by 237.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock worth $44,000 after purchasing an additional 1,287 shares during the last quarter. Tower Research Capital LLC TRC grew its position in MGP Ingredients by 278.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock worth $56,000 after purchasing an additional 1,386 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in MGP Ingredients during the 3rd quarter worth approximately $96,000. Hedge funds and other institutional investors 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.