MGP Ingredients, Inc. (NASDAQ:MGPI) Stock Has Average Target Price of $27.25

MGP Ingredients, Inc. (NASDAQ:MGPI) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.00.

MGPI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of MGP Ingredients in a research report on Friday, July 31st. TD Cowen raised their target price on shares of MGP Ingredients from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lowered their target price on shares of MGP Ingredients from $22.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday.

MGP Ingredients Stock Performance

NASDAQ MGPI opened at $13.04 on Monday. The company has a quick ratio of 1.65, a current ratio of 6.99 and a debt-to-equity ratio of 0.61. MGP Ingredients has a 52-week low of $12.42 and a 52-week high of $26.77. The business’s 50-day moving average price is $15.79 and its 200 day moving average price is $17.21. The firm has a market cap of $279.19 million, a P/E ratio of -1.16 and a beta of 0.49.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%.The firm had revenue of $124.36 million during the quarter, compared to the consensus estimate of $125.16 million. During the same period in the prior year, the business earned $0.97 EPS. The firm’s 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. On average, equities research analysts expect that MGP Ingredients will post 1.65 earnings per share for the current year.

MGP Ingredients Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.12 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. MGP Ingredients’s dividend payout ratio (DPR) is presently -4.26%.

Insider Buying and Selling

In other news, insider Paul S. Lux sold 33,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.76, for a total value of $586,080.00. Following the completion of the sale, the insider directly owned 550,458 shares of the company’s stock, valued at $9,776,134.08. This trade represents a 5.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leslie Lux sold 27,731 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $14.40, for a total value of $399,326.40. Additional details regarding this sale are available in the official SEC disclosure. 31.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in MGP Ingredients by 398.6% in the third quarter. Versant Capital Management Inc now owns 6,901 shares of the company’s stock valued at $91,000 after acquiring an additional 5,517 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of MGP Ingredients in the 2nd quarter valued at about $111,000. Corient Private Wealth LP purchased a new position in shares of MGP Ingredients in the 2nd quarter valued at about $270,000. Bank of America Corp DE acquired a new stake in shares of MGP Ingredients in the second quarter valued at about $1,857,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of MGP Ingredients in the second quarter valued at about $806,000. Institutional investors and hedge funds own 77.11% of the company’s stock.

MGP Ingredients Company Profile

MGP Ingredients, Inc (NASDAQ: MGPI) is a food and beverage company headquartered in Atchison, Kansas. The company develops and produces distilled spirits, specialty wheat proteins, and specialty starches for consumer brands, food manufacturers, and other commercial customers.

Through its branded spirits business, MGP offers a portfolio of bourbon, rye whiskey, American whiskey, vodka, gin, and other distilled products. Its brands include Lux Row Distillers’ Ezra Brooks, Daviess County, and Yellowstone Bourbon, as well as Remus Repeal Reserve.