Brokerages Set MGP Ingredients, Inc. (NASDAQ:MGPI) Target Price at $27.25

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) have received an average rating of “Hold” from the six analysts that are 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 twelve-month price objective among analysts that have covered the stock in the last year is $27.25.

Several analysts have commented on the stock. Weiss Ratings cut shares of MGP Ingredients from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. TD Cowen cut their price objective on MGP Ingredients from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, June 26th. Finally, Zacks Research raised MGP Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th.

Insider Activity

In related news, major shareholder Caroline Lux Kaplan sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $17.82, for a total transaction of $534,600.00. Following the sale, the insider owned 500,958 shares of the company’s stock, valued at $8,927,071.56. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.70% of the stock is owned by company insiders.

Institutional Trading of MGP Ingredients

A number of large investors have recently made changes to their positions in MGPI. Osaic Holdings Inc. lifted its holdings in shares of MGP Ingredients by 130.3% in the 2nd quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 529 shares during the last quarter. Nisa Investment Advisors LLC raised its position in MGP Ingredients by 653.8% during the fourth 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 period. Global Retirement Partners LLC purchased a new stake in MGP Ingredients during the fourth quarter valued at approximately $32,000. Quadrant Capital Group LLC lifted its stake in shares of MGP Ingredients by 237.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,830 shares of the company’s stock valued at $44,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of MGP Ingredients by 278.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock valued at $56,000 after purchasing an additional 1,386 shares during the last quarter. 77.11% of the stock is currently owned by institutional investors.

MGP Ingredients Trading Down 0.9%

MGPI stock opened at $17.36 on Friday. MGP Ingredients has a 1-year low of $15.72 and a 1-year high of $33.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 0.56. The company has a market capitalization of $370.98 million, a price-to-earnings ratio of -1.56 and a beta of 0.46. The business has a 50 day simple moving average of $17.83 and a two-hundred day simple moving average of $20.71.

MGP Ingredients (NASDAQ:MGPI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. MGP Ingredients had a negative net margin of 45.70% and a positive return on equity of 7.48%. The firm had revenue of $106.43 million for the quarter, compared to analysts’ expectations of $105.32 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’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. Research analysts anticipate that MGP Ingredients will post 1.6 EPS for the current fiscal year.

MGP Ingredients Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. MGP Ingredients’s payout ratio is presently -4.31%.

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.