MGP Ingredients, Inc. (MGPI) – What Are Brokerages Thinking About This Stock?

MGP Ingredients, Inc. (NASDAQ:MGPI) has received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.00.

Several equities research analysts recently weighed in on MGPI shares. Weiss Ratings restated a “sell (d-)” rating on shares of MGP Ingredients in a research report on Friday, July 31st. Wells Fargo & Company lowered their price objective on MGP Ingredients from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, TD Cowen raised their price objective on MGP Ingredients from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, July 30th.

Insider Activity

In related news, insider Paul S. Lux sold 33,000 shares of MGP Ingredients stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.76, for a total transaction of $586,080.00. Following the completion of the transaction, the insider directly owned 550,458 shares of the company’s stock, valued at $9,776,134.08. This trade represents a 5.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Leslie Lux sold 27,731 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $14.40, for a total transaction of $399,326.40. The disclosure for this sale is available in the SEC filing. 31.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On MGP Ingredients

A number of hedge funds and other institutional investors have recently bought and sold shares of MGPI. GAMMA Investing LLC increased its position in MGP Ingredients by 334.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,439 shares of the company’s stock valued at $32,000 after buying an additional 1,877 shares in the last quarter. Versant Capital Management Inc raised its stake in MGP Ingredients by 398.6% during the third quarter. Versant Capital Management Inc now owns 6,901 shares of the company’s stock valued at $91,000 after buying an additional 5,517 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in MGP Ingredients during the second quarter valued at $111,000. Corient Private Wealth LP bought a new stake in MGP Ingredients in the second quarter worth $270,000. Finally, Bank of America Corp DE bought a new stake in MGP Ingredients in the second quarter worth $1,857,000. Hedge funds and other institutional investors own 77.11% of the company’s stock.

MGP Ingredients Stock Performance

Shares of MGPI opened at $13.78 on Monday. The company has a 50-day simple moving average of $15.63 and a two-hundred day simple moving average of $17.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 6.99 and a quick ratio of 1.65. The firm has a market capitalization of $295.08 million, a PE ratio of -1.22 and a beta of 0.49. MGP Ingredients has a one year low of $12.42 and a one year high of $26.77.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%. The firm had revenue of $124.36 million for the quarter, compared to the consensus estimate of $125.16 million. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was down 14.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, analysts anticipate that MGP Ingredients will post 1.65 EPS for the current fiscal year.

MGP Ingredients Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.5%. MGP Ingredients’s dividend payout ratio is currently -4.26%.

About MGP Ingredients

MGP Ingredients, Inc (NASDAQ: MGPI) is a food and beverage company headquartered in Atchison, Kansas. The company develops and produces distilled spirits, specialty wheat proteins, and specialty starches for consumer brands, food manufacturers, and other commercial customers.

Through its branded spirits business, MGP offers a portfolio of bourbon, rye whiskey, American whiskey, vodka, gin, and other distilled products. Its brands include Lux Row Distillers’ Ezra Brooks, Daviess County, and Yellowstone Bourbon, as well as Remus Repeal Reserve.