MGP Ingredients, Inc. (NASDAQ:MGPI) Receives $27.75 Average Price Target from Brokerages

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have been given an average rating of “Hold” by the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.75.

A number of research analysts have weighed in on the company. Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. TD Cowen lowered their target price on MGP Ingredients from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company lowered their target price on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, Benchmark assumed coverage on MGP Ingredients in a report on Thursday, January 22nd. They issued a “buy” rating and a $35.00 target price on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MGPI. Dimensional Fund Advisors LP raised its stake in shares of MGP Ingredients by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 760,128 shares of the company’s stock worth $13,979,000 after buying an additional 78,849 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of MGP Ingredients in the first quarter worth about $3,064,000. Barnett & Company Inc. bought a new position in shares of MGP Ingredients in the first quarter worth about $281,000. Strs Ohio raised its stake in shares of MGP Ingredients by 42.3% in the first quarter. Strs Ohio now owns 32,300 shares of the company’s stock worth $594,000 after buying an additional 9,600 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of MGP Ingredients by 320.8% in the fourth quarter. Hsbc Holdings PLC now owns 51,157 shares of the company’s stock worth $1,242,000 after buying an additional 38,999 shares during the period. Institutional investors own 77.11% of the company’s stock.

MGP Ingredients Trading Down 1.8%

Shares of NASDAQ:MGPI opened at $18.29 on Friday. The company has a market cap of $390.86 million, a P/E ratio of -1.64 and a beta of 0.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 0.56. MGP Ingredients has a 1 year low of $16.45 and a 1 year high of $33.62. The stock’s fifty day moving average price is $18.82 and its 200-day moving average price is $22.52.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $106.43 million for the quarter, compared to the consensus estimate of $105.32 million. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Sell-side analysts expect that MGP Ingredients will post 1.6 earnings per share for the current year.

MGP Ingredients Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. MGP Ingredients’s dividend payout ratio is currently -4.31%.

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.