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 EPS guidance of 1.500-1.800 for the period, compared to the consensus EPS estimate of 2.510. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $519.6 million.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MGPI. Zacks Research lowered MGP Ingredients from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Benchmark started coverage on shares of MGP Ingredients in a report on Thursday, January 22nd. They set a “buy” rating and a $35.00 price objective on the stock. Roth Mkm reduced their price objective on shares of MGP Ingredients from $41.00 to $32.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen decreased their target price on shares of MGP Ingredients from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MGP Ingredients in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MGP Ingredients presently has an average rating of “Hold” and an average target price of $30.00.

MGP Ingredients Stock Down 5.4%

Shares of NASDAQ MGPI traded down $1.08 during trading on Friday, hitting $18.70. The stock had a trading volume of 274,149 shares, compared to its average volume of 270,361. The firm has a fifty day moving average of $24.75 and a two-hundred day moving average of $25.43. The company has a market capitalization of $398.26 million, a PE ratio of -3.74 and a beta of 0.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.61 and a quick ratio of 0.69. MGP Ingredients has a 12 month low of $18.48 and a 12 month high of $35.49.

MGP Ingredients (NASDAQ:MGPI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.14. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. The business had revenue of $138.32 million for the quarter, compared to analysts’ expectations of $132.84 million. During the same period in the previous year, the company earned $1.57 earnings per share. The firm’s revenue for the quarter was down 23.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts forecast that MGP Ingredients will post 5.56 EPS for the current fiscal year.

MGP Ingredients Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, March 13th. MGP Ingredients’s payout ratio is presently -9.64%.

Insider Activity at MGP Ingredients

In related news, Director Karen Seaberg sold 81,616 shares of MGP Ingredients stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $25.84, for a total transaction of $2,108,957.44. Following the sale, the director directly owned 35,285 shares in the company, valued at approximately $911,764.40. This trade represents a 69.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 304,535 shares of company stock worth $7,509,168 over the last three months. Company insiders own 34.40% of the company’s stock.

Hedge Funds Weigh In On MGP Ingredients

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC increased its position in MGP Ingredients by 349.9% in the fourth quarter. Millennium Management LLC now owns 128,752 shares of the company’s stock worth $3,129,000 after buying an additional 100,131 shares during the last quarter. Engineers Gate Manager LP grew its stake in shares of MGP Ingredients by 144.9% during the 4th quarter. Engineers Gate Manager LP now owns 38,286 shares of the company’s stock worth $930,000 after acquiring an additional 22,652 shares during the period. Balyasny Asset Management L.P. increased its holdings in MGP Ingredients by 172.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 49,973 shares of the company’s stock worth $1,214,000 after acquiring an additional 31,609 shares during the last quarter. Trexquant Investment LP bought a new stake in MGP Ingredients in the 4th quarter valued at about $817,000. Finally, Jump Financial LLC bought a new stake in MGP Ingredients in the 4th quarter valued at about $908,000. 77.11% of the stock is owned by institutional investors.

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.