TD Cowen Issues Positive Forecast for MGP Ingredients (NASDAQ:MGPI) Stock Price

MGP Ingredients (NASDAQ:MGPI) had its price objective upped by analysts at TD Cowen from $18.00 to $20.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 11.30% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Zacks Research upgraded MGP Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wells Fargo & Company lifted their price objective on MGP Ingredients from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings cut MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.25.

MGP Ingredients Price Performance

MGPI traded down $0.91 during trading on Thursday, hitting $17.97. 85,099 shares of the company traded hands, compared to its average volume of 244,258. The company has a current ratio of 2.74, a quick ratio of 0.56 and a debt-to-equity ratio of 0.41. The company has a market cap of $384.02 million, a PE ratio of -1.62 and a beta of 0.46. The stock’s 50-day simple moving average is $17.16 and its two-hundred day simple moving average is $19.72. MGP Ingredients has a 1 year low of $15.72 and a 1 year high of $31.75.

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

Insider Activity

In related 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 trade represents a 5.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.70% of the company’s stock.

Institutional Investors Weigh In On MGP Ingredients

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MGPI. Osaic Holdings Inc. increased its position in shares of MGP Ingredients by 130.3% during the 2nd quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 529 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in MGP Ingredients by 653.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,304 shares of the company’s stock valued at $32,000 after purchasing an additional 1,131 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in MGP Ingredients in the 4th quarter worth about $32,000. Quadrant Capital Group LLC lifted its stake 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 purchasing an additional 1,287 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 1,386 shares during the last quarter. 77.11% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting MGP Ingredients

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

• Positive Sentiment: Second-quarter adjusted EPS was $0.72, well above the analyst consensus of $0.49. The earnings beat may support the stock by demonstrating better-than-expected profitability despite challenging conditions. MGP Q2 Earnings Top Estimates
• Positive Sentiment: Wells Fargo raised its price target from $21 to $22 and assigned an Overweight rating, implying approximately 21% upside from the referenced price. The upgrade signals continued analyst confidence in MGPI’s longer-term prospects. Wells Fargo price target update
• Positive Sentiment: MGP declared a quarterly dividend of $0.12 per share, payable August 28 to shareholders of record August 14. The annualized payout is approximately $0.48 per share, or a yield near 2.5%, providing income support for investors.
• Neutral Sentiment: Management’s fiscal 2026 guidance calls for EPS of $1.50-$1.80 and revenue of $480 million-$500 million. The revenue range brackets analyst expectations, while the EPS midpoint of $1.65 is slightly above the $1.62 consensus, but the broad range reflects ongoing uncertainty. MGP Ingredients Q2 earnings call highlights
• Negative Sentiment: Quarterly revenue of $124.36 million fell short of the $125.16 million estimate and declined 14.5% year over year. EPS also decreased from $0.97 in the prior-year quarter, signaling weaker underlying demand or operating conditions despite the earnings beat. MGP Ingredients earnings report
• Negative Sentiment: The earnings call focused on navigating business challenges, which may be weighing on sentiment as investors look for evidence that declining sales and profitability pressures will improve. MGP Ingredients earnings call transcript

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.