Peregrine Capital Management LLC Acquires Shares of 148,399 MGP Ingredients, Inc. $MGPI

Key Points

• Peregrine Capital Management LLC acquired a new stake of 148,399 shares in MGP Ingredients during the fourth quarter, valued at about $3.606 million, leaving it with roughly 0.70% ownership of the company.
• MGP Ingredients beat quarterly estimates with $0.63 EPS (vs. $0.49 est.) and revenue of $138.32M, but revenue was down 23.5% year‑over‑year and the company reported a negative net margin of 19.82%; management set FY2026 guidance of 1.50–1.80 EPS.
• Analyst sentiment is mixed with an average rating of “Hold” and an average price target of $28.75, amid several recent downgrades and price‑target cuts (e.g., Wells Fargo and TD Cowen moved targets to $24).

Peregrine Capital Management LLC acquired a new stake in MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 148,399 shares of the company's stock, valued at approximately $3,606,000. Peregrine Capital Management LLC owned about 0.70% of MGP Ingredients at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in MGP Ingredients by 4.8% in the 1st 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. Illumine Investment Management LLC boosted its stake in MGP Ingredients by 2.3% in the 3rd quarter. Illumine Investment Management LLC now owns 18,903 shares of the company's stock valued at $457,000 after purchasing an additional 433 shares during the period. Osaic Holdings Inc. boosted its stake in 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 purchasing an additional 529 shares during the period. Mairs & Power Inc. boosted its stake in MGP Ingredients by 0.4% in the 3rd quarter. Mairs & Power Inc. now owns 176,393 shares of the company's stock valued at $4,267,000 after purchasing an additional 619 shares during the period. Finally, Prudential Financial Inc. boosted its stake in MGP Ingredients by 4.8% in the 2nd 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. 77.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MGPI. Wall Street Zen downgraded MGP Ingredients from a "buy" rating to a "hold" rating in a research note on Sunday, February 22nd. Zacks Research downgraded MGP Ingredients from a "hold" rating to a "strong sell" rating in a research note on Monday, January 12th. Weiss Ratings restated a "sell (d)" rating on shares of MGP Ingredients in a research note on Tuesday. Wells Fargo & Company reduced their price target on MGP Ingredients from $29.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Finally, TD Cowen reduced their price target on MGP Ingredients from $27.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, MGP Ingredients currently has an average rating of "Hold" and an average price target of $28.75.

MGP Ingredients Price Performance

Shares of NASDAQ MGPI opened at $20.22 on Friday. The stock has a market capitalization of $432.10 million, a PE ratio of -4.06 and a beta of 0.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.61 and a quick ratio of 0.70. The business has a fifty day moving average price of $19.70 and a two-hundred day moving average price of $22.87. MGP Ingredients, Inc. has a fifty-two week low of $16.45 and a fifty-two week high of $34.99.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.14. The firm had revenue of $138.32 million during the quarter, compared to analysts' expectations of $132.84 million. MGP Ingredients had a positive return on equity of 7.46% and a negative net margin of 19.82%.The company's quarterly revenue was down 23.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts predict that MGP Ingredients, Inc. will post 1.62 earnings per share for the current fiscal year.

MGP Ingredients Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.48 annualized dividend and a yield of 2.4%. MGP Ingredients's payout ratio is currently -9.64%.

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.

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