MGP Ingredients - MGPI Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGP Ingredients in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGPI shares.
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6 equities research analysts have issued twelve-month target prices for MGP Ingredients' stock. Their MGPI share price forecasts range from $99.00 to $140.00. On average, they anticipate the company's stock price to reach $117.83 in the next twelve months. This suggests that the stock has a possible downside of 6.1%.
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MGP Ingredients' stock was trading at $84.99 at the beginning of 2022. Since then, MGPI shares have increased by 47.7% and is now trading at $125.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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MGP Ingredients, Inc. (NASDAQ:MGPI) announced its quarterly earnings data on Wednesday, November, 3rd. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.69. The firm earned $176.61 million during the quarter, compared to analysts' expectations of $148.10 million. MGP Ingredients had a net margin of 15.57% and a trailing twelve-month return on equity of 15.39%. During the same quarter in the previous year, the company earned $0.61 earnings per share.

MGP Ingredients declared a quarterly dividend on Thursday, November 3rd. Investors of record on Friday, November 18th will be paid a dividend of $0.12 per share on Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for MGPI.

MGP Ingredients (NASDAQ:MGPI) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 9.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGPI will have a dividend payout ratio of 9.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGPI.

MGP Ingredients updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $4.62-$4.80 for the period, compared to the consensus earnings per share estimate of $4.67. The company issued revenue guidance of $765.00 million-$780.00 million, compared to the consensus revenue estimate of $760.72 million.

1 employees have rated MGP Ingredients Chief Executive Officer Gus Griffin on Glassdoor.com. Gus Griffin has an approval rating of 100% among the company's employees. This puts Gus Griffin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other MGP Ingredients investors own include Alibaba Group (BABA), Walt Disney (DIS), JD.com (JD), Intel (INTC), NVIDIA (NVDA), Tencent (TCEHY), Exxon Mobil (XOM), Aimmune Therapeutics (AIMT), Apple Hospitality REIT (APLE) and Boeing (BA).

MGP Ingredients trades on the NASDAQ under the ticker symbol "MGPI."

MGP Ingredients' stock is owned by a variety of institutional and retail investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (16.82%), BlackRock Inc. (10.89%), Vanguard Group Inc. (4.97%), Stephens Investment Management Group LLC (3.76%), Dimensional Fund Advisors LP (2.95%) and State Street Corp (2.24%). Insiders that own company stock include Augustus C Griffin, Brandon Gall, David Colo, David E Dykstra, Donn S Lux, James L Bareuther, Karen Seaberg, Lori LS Mingus, Luxco 2017 Irrevocable Trust D, Michael Rodger Buttshaw, Michele Lux, Stephen J Glaser, Stephen J Glaser and Terrence P Dunn.
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Shares of MGPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MGPI stock can currently be purchased for approximately $125.50.

MGP Ingredients (NASDAQ:MGPI) has a market capitalization of $2.76 billion and generates $626.72 million in revenue each year. The company earns $91.31 million in net income (profit) each year or $5.30 on an earnings per share basis.

The company employs 672 workers across the globe.

MGP Ingredients' mailing address is 100 Commercial Street, ATCHISON KS, 66002. The official website for the company is www.mgpingredients.com. The company can be reached via phone at (913) 367-1480, via email at investor.relations@mgpingredients.com, or via fax at 913-367-0192.