MGP Ingredients, Inc. (NASDAQ:MGPI) Given Consensus Rating of "Hold" by Analysts

Key Points

• MGP Ingredients received an average "Hold" rating from six analysts, with three buys, two holds, and one sell; the consensus 12-month price target is $27.75.
• The company reported quarterly EPS of $0.15, topping expectations of $0.04, while revenue came in at $106.43 million, slightly above estimates but down 12.5% year over year.
• MGP Ingredients announced a quarterly dividend of $0.12 per share, payable May 29, for an annualized yield of about 2.5%.

MGP Ingredients, Inc. (NASDAQ:MGPI - Get Free Report) has been assigned an average rating of "Hold" from the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $27.75.

A number of research analysts have recently weighed in on MGPI shares. Benchmark started coverage on MGP Ingredients in a report on Thursday, January 22nd. They issued a "buy" rating and a $35.00 target price on the stock. TD Cowen dropped their target price on MGP Ingredients from $22.00 to $20.00 and set a "hold" rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company dropped their target price on MGP Ingredients from $29.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Wall Street Zen lowered MGP Ingredients from a "buy" rating to a "hold" rating in a report on Sunday, February 22nd. Finally, Zacks Research raised MGP Ingredients from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th.

Institutional Trading of MGP Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of MGPI. Osaic Holdings Inc. increased its position in shares of MGP Ingredients by 130.3% during the second 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 grew its holdings 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 bought a new position in MGP Ingredients during the fourth quarter valued at $32,000. Quadrant Capital Group LLC grew its holdings in MGP Ingredients by 237.0% during the fourth 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 period. Finally, Tower Research Capital LLC TRC grew its holdings in MGP Ingredients by 278.9% during the second 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 period. 77.11% of the stock is owned by hedge funds and other institutional investors.

MGP Ingredients Trading Down 1.2%

Shares of MGP Ingredients stock opened at $19.09 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 2.74. MGP Ingredients has a 52 week low of $16.45 and a 52 week high of $34.99. The stock has a 50 day moving average price of $18.87 and a two-hundred day moving average price of $22.64. The stock has a market capitalization of $407.95 million, a PE ratio of -1.71 and a beta of 0.49.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last posted 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 7.48% and a negative net margin of 45.70%.The company had revenue of $106.43 million for the quarter, compared to analyst estimates of $105.32 million. During the same quarter last year, the company earned $0.36 earnings per share. The company's revenue for the quarter was down 12.5% on a year-over-year basis. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts anticipate that MGP Ingredients will post 1.6 earnings per share for the current fiscal year.

MGP Ingredients Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, May 15th. MGP Ingredients's dividend payout ratio (DPR) 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.

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