Analysts Set MGP Ingredients, Inc. (NASDAQ:MGPI) Price Target at $33.60

MGP Ingredients, Inc. (NASDAQ:MGPI) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.00.

Several analysts recently issued reports on the company. Wall Street Zen downgraded MGP Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. TD Cowen reduced their price objective on shares of MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (d)” rating on shares of MGP Ingredients in a research report on Thursday, January 22nd. Benchmark started coverage on shares of MGP Ingredients in a report on Thursday, January 22nd. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Roth Mkm dropped 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.

MGP Ingredients Stock Performance

Shares of NASDAQ MGPI opened at $19.00 on Friday. The stock has a market cap of $405.84 million, a PE ratio of -3.82 and a beta of 0.42. MGP Ingredients has a 1 year low of $18.48 and a 1 year high of $35.49. The firm has a fifty day moving average price of $24.65 and a 200-day moving average price of $25.35. 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 (NASDAQ:MGPI) last issued its 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. The company had revenue of $138.32 million during the quarter, compared to the consensus estimate of $132.84 million. MGP Ingredients had a negative net margin of 19.82% and a positive return on equity of 7.46%. MGP Ingredients’s quarterly revenue was down 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Equities analysts anticipate that MGP Ingredients will post 5.56 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. MGP Ingredients’s dividend payout ratio is presently -9.64%.

Insider Transactions at MGP Ingredients

In related news, Director Karen Seaberg sold 81,616 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $25.84, for a total value of $2,108,957.44. Following the completion of the transaction, the director directly owned 35,285 shares of the company’s stock, valued at approximately $911,764.40. This trade represents a 69.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 304,535 shares of company stock valued at $7,509,168. Insiders own 34.40% of the company’s stock.

Institutional Trading of MGP Ingredients

Large investors have recently made changes to their positions in the business. Nordea Investment Management AB purchased a new position in shares of MGP Ingredients during the third quarter valued at approximately $1,752,000. Magnetar Financial LLC bought a new stake in shares of MGP Ingredients during the 2nd quarter worth approximately $584,000. Assenagon Asset Management S.A. purchased a new position in MGP Ingredients during the 3rd quarter valued at $4,702,000. XTX Topco Ltd bought a new position in MGP Ingredients in the 2nd quarter valued at $1,280,000. Finally, Federated Hermes Inc. increased its stake in MGP Ingredients by 32.8% in the third quarter. Federated Hermes Inc. now owns 987,123 shares of the company’s stock worth $23,879,000 after purchasing an additional 243,909 shares during the period. 77.11% of the stock is currently 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.