MGP Ingredients (NASDAQ:MGPI) Releases FY 2026 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.500-1.800 for the period, compared to the consensus estimate of 1.590. The company issued revenue guidance of $480.0 million-$500.0 million, compared to the consensus revenue estimate of $486.1 million.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MGPI. Wells Fargo & Company dropped their price target on MGP Ingredients from $29.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Zacks Research upgraded MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday. TD Cowen decreased their price objective on MGP Ingredients from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday. Wall Street Zen cut MGP Ingredients from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MGP Ingredients in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.75.

MGP Ingredients Trading Up 4.1%

MGP Ingredients stock traded up $0.78 during midday trading on Thursday, reaching $19.94. The stock had a trading volume of 393,200 shares, compared to its average volume of 284,467. MGP Ingredients has a twelve month low of $16.45 and a twelve month high of $34.99. The stock has a market capitalization of $426.10 million, a PE ratio of -4.00 and a beta of 0.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 2.61. The stock’s 50-day simple moving average is $19.35 and its 200 day simple moving average is $22.78.

MGP Ingredients (NASDAQ:MGPI) last issued its earnings results on Wednesday, April 29th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. MGP Ingredients had a positive return on equity of 7.46% and a negative net margin of 19.82%.The firm had revenue of $106.43 million for the quarter, compared to analysts’ expectations of $106.82 million. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Analysts expect that MGP Ingredients will post 1.62 EPS for the current year.

MGP Ingredients Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. MGP Ingredients’s dividend payout ratio (DPR) is presently -9.64%.

More MGP Ingredients News

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

• Positive Sentiment: MGP reported Q1 EPS of $0.15 versus consensus $0.04, beating estimates — the upside to EPS is the primary near-term catalyst supporting the stock. Zacks: Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Management set FY‑2026 EPS guidance of $1.50–$1.80, slightly above the consensus (~$1.59), and guided revenue toward $480–$500M — guidance that implies better full‑year profitability prospects. Company Press Release / Guidance
• Positive Sentiment: The board declared a quarterly cash dividend of $0.12/share (record May 15; pay May 29), adding income support and signaling confidence in cash flow. (Ex-dividend May 15.)
• Positive Sentiment: Zacks upgraded MGPI from “strong sell” to “hold,” removing a negative analyst stance and reducing selling pressure. Zacks Research
• Neutral Sentiment: Q1 revenue was $106.43M, essentially flat to slightly below consensus $106.82M — mixed top-line signs that temper the EPS beat. Q1 Slide Deck
• Neutral Sentiment: Earnings call transcripts are available for deeper detail on margin drivers, category demand (spirits/ingredient sales), and working capital commentary — useful for investors who want management color. Seeking Alpha: Q1 2026 Earnings Call Transcript InsiderMonkey Transcript
• Negative Sentiment: TD Cowen cut its price target from $22 to $20 and kept a “hold” rating — the PT reduction reduces upside expectations and may cap near‑term gains. Benzinga / TickerReport
• Negative Sentiment: Despite the EPS beat, net margin remains negative year-to-date and revenue is down ~12.5% YoY; ongoing margin pressure and top-line declines are risks to sustained multiple expansion. MarketBeat: Q1 Results

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in MGP Ingredients by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,446 shares of the company’s stock valued at $248,000 after purchasing an additional 390 shares during the period. Counterpoint Mutual Funds LLC raised its position in MGP Ingredients by 2.2% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 20,737 shares of the company’s stock valued at $504,000 after purchasing an additional 440 shares during the period. Osaic Holdings Inc. raised its position in MGP Ingredients by 130.3% in the second 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 period. Prudential Financial Inc. raised its position in MGP Ingredients by 4.8% in the second quarter. Prudential Financial Inc. now owns 14,608 shares of the company’s stock valued at $438,000 after purchasing an additional 666 shares during the period. Finally, Rhumbline Advisers raised its position in MGP Ingredients by 1.3% in the second quarter. Rhumbline Advisers now owns 52,446 shares of the company’s stock valued at $1,572,000 after purchasing an additional 666 shares during the period. 77.11% of the stock is owned by hedge funds and other institutional investors.

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.