MGP Ingredients (NASDAQ:MGPI) Price Target Raised to $22.00 at Wells Fargo & Company

MGP Ingredients (NASDAQ:MGPI) had its price target raised by stock analysts at Wells Fargo & Company from $21.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 17.40% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Zacks Research upgraded shares of MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. TD Cowen reduced their price target on shares of MGP Ingredients from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Finally, Weiss Ratings cut shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MGP Ingredients currently has an average rating of “Hold” and a consensus target price of $26.75.

MGP Ingredients Stock Performance

NASDAQ:MGPI opened at $18.74 on Thursday. The company has a market cap of $400.45 million, a price-to-earnings ratio of -1.70 and a beta of 0.46. MGP Ingredients has a fifty-two week low of $15.72 and a fifty-two week high of $31.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 2.74. The stock has a fifty day moving average price of $17.16 and a 200-day moving average price of $19.72.

MGP Ingredients (NASDAQ:MGPI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The company had revenue of $124.36 million for the quarter, compared to analysts’ expectations of $125.16 million. During the same quarter last year, the business earned $0.97 earnings per share. MGP Ingredients’s revenue was down 14.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts anticipate that MGP Ingredients will post 1.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.82, for a total value of $534,600.00. Following the completion of the transaction, the insider owned 500,958 shares of the company’s stock, valued at approximately $8,927,071.56. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.70% of the company’s stock.

Hedge Funds Weigh In On MGP Ingredients

A number of institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its holdings in shares of MGP Ingredients by 45.7% during the fourth quarter. Federated Hermes Inc. now owns 1,437,836 shares of the company’s stock worth $34,939,000 after buying an additional 450,713 shares in the last quarter. Tieton Capital Management LLC acquired a new stake in shares of MGP Ingredients during the fourth quarter valued at about $5,998,000. Dana Investment Advisors Inc. acquired a new stake in shares of MGP Ingredients during the fourth quarter valued at about $5,348,000. Clark Capital Management Group Inc. bought a new stake in shares of MGP Ingredients during the fourth quarter worth about $4,896,000. Finally, Millennium Management LLC grew its holdings in shares of MGP Ingredients by 116.6% during the first quarter. Millennium Management LLC now owns 359,813 shares of the company’s stock worth $10,571,000 after purchasing an additional 193,660 shares during the last quarter. 77.11% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about MGP Ingredients

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

• Positive Sentiment: Non-GAAP earnings were $0.72 per share, well above the $0.49 analyst consensus. However, earnings declined from $0.97 per share in the prior-year quarter, limiting the strength of the beat. MGP Q2 Earnings Top Estimates
• Positive Sentiment: MGP Ingredients maintained fiscal 2026 guidance of $1.50-$1.80 in EPS and $480 million-$500 million in revenue. The guidance midpoint is modestly above current consensus estimates of $1.62 EPS and $486 million in revenue, suggesting management still expects to meet or slightly exceed market expectations. MGP Ingredients Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company declared a quarterly dividend of $0.12 per share, payable August 28 to shareholders of record August 14. The dividend represents an annualized yield of approximately 2.5%, providing ongoing income support for investors.
• Neutral Sentiment: Management’s earnings call focused on navigating operating and market challenges while executing against its full-year outlook. Investors will likely watch the call commentary for evidence that margins and demand can improve in the second half. MGP Ingredients Q2 2026 Earnings Call Transcript
• Negative Sentiment: Revenue was $124.36 million, slightly below the $125.16 million consensus and down 14.5% year over year. The decline, combined with lower EPS than last year and a reported negative net margin, highlights continuing pressure on sales and profitability. MGP Ingredients Earnings Report

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.